Illegals can afford $300,000 or more?
Silly rabbit, they won’t be paying for it, the American taxpayer will, only the best for those future demoncrap voters!
Are you kidding, many illegals and their families and friends are involved in drugs cartels. They buy up entire businesses, nice homes etc.
The cartels can only buy so many high end flashy cars, planes and 10 million dollar homes. They have to do something with all the cash.
Businesses all over LA are purchased by them through their relatives. Happens all the time.
And don’t forget all the foreigners/Muslims with cash rolling in buying everything in sight. Same exact thing happened in CA. Big money there, if that’s what ya like. Mid-Easterners nearly run Beverly Hills...Brentwood and on and on.
BTW, this is going on in every state, everywhere.
A quick calculation online, at current 30 year mortgage rates for a $300,000 mortgage with nothing down, equals about $1,600 a month, plus property taxes and insurance.
If illegals are given preferential approvals for loans (which I would expect from the O Regime), then I'm thinking it's probably doable.
They could probably turn around and rent out a property like that for $2k a month. And yes, Section 8 pays that much and more for "qualified" tenants.