For All Illegals: Better than an Obama Phone, More than an $1000 NY Debit Card, It's....

[Kyle]

State wants to help first-time homebuyers — but they can't be American citizens



California close to approving $150K loans for illegal immigrants to help purchase homes


Illegal migrants could receive up to $150K under the 'California Dream for All' plan


Lawmakers in California could soon make the Golden State the first in the country to make undocumented immigrants eligible for up to $150,000 in state-supported home loans.

The Democratic supermajority in the California state legislature is likely to pass a measure this week that would make undocumented immigrants eligible for the "California Dream for All" loan program, a state-funded program that provides 20% in down payment assistance up to $150,000, according to a report for Politico.

California close to approving $150K loans for illegal immigrants to help purchase homes

A bill making its way through the California legislature would make undocumented migrants eligible to participate in a program that provides down-payment assistance.

www.foxnews.com

 

[vraiblonde]

As long as they don't take fed bucks to pay for it or make up their deficit, I don't care what Commiefornicators do with their tax dollars.

 

[Kyle]

As long as they don't take fed bucks to pay for it or make up their deficit, I don't care what Commiefornicators do with their tax dollars.

It amazes me how much Dems disregard citizens these days.

Just when you think they can't get any worse, they find a way.

 

[SamSpade]

This is to help - with the DOWN PAYMENT?

So like, am I the only one that has this mental image of illegals being desperate and coming from an impoverished nation, and risking everything to come to a country where they might improve their lot?

And there it is, well-heeled illegal aliens able to afford and make payments on a home in California - a place where after my entire life, I pretty much cannot afford.

What was I thinking, believing they came here for a better life - they are already rich!

 

[Bare-ya-cuda]

Maybe it will attract all the illegals from other states to California.

 

[Kyle]

Maybe it will attract all the illegals from other states to California.

One can only hope, but be certain that Maryland will always do WHATEVER California does.

 

[WingsOfGold]

Should Trump lose and this happens this probably won't bode well.

 

[PeoplesElbow]

This is to help - with the DOWN PAYMENT?

So like, am I the only one that has this mental image of illegals being desperate and coming from an impoverished nation, and risking everything to come to a country where they might improve their lot?

And there it is, well-heeled illegal aliens able to afford and make payments on a home in California - a place where after my entire life, I pretty much cannot afford.

What was I thinking, believing they came here for a better life - they are already rich!

That's because you are thinking you, your wife and kids. They are thinking 20+ of their closest family and friends.

 

[SamSpade]

That's because you are thinking you, your wife and kids. They are thinking 20+ of their closest family and friends.

THEY might - but no bank worth its salt would approve that. That's how the sub-prime mortgage crisis which led to the Great Recession started - giving loans to people with no credit and no visible means of paying it back.

 

[vraiblonde]

This is to help - with the DOWN PAYMENT?

So like, am I the only one that has this mental image of illegals being desperate and coming from an impoverished nation, and risking everything to come to a country where they might improve their lot?

And there it is, well-heeled illegal aliens able to afford and make payments on a home in California - a place where after my entire life, I pretty much cannot afford.

What was I thinking, believing they came here for a better life - they are already rich!

What's going to happen is they'll default on their loans, triggering another collapse. Democrat lawmakers know this - they aren't stupid and remember what happened every other time the government guaranteed home loans to people who couldn't afford to pay it. I'm guessing they figure this will get them votes, and by the time the bill comes due they'll be out of office and it will be someone else's problem. Or it will implode under President Trump and they can go, "See??? Worst President EVER!!!"

Alternately it's just another Democrat scam. They "earmark" all this money for "illegal immigrant home loan down payments" which will actually go in the pockets of political cronies and politicians themselves. "We're going to give it to our buddy Sal at Sal's Home Mortgages, and he'll distribute it to qualified buyers...." They did this sh*t with "green technology" and a number of other scams California in particular is so famous for.

That high speed railway they've been "working on" since 2008 and so far spent more than $10 BILLION "constructing" and is expected to cost $100 BILLION more than initially projected. Google "California high speed rail" for deets. Obviously this project was just a money laundering scheme which will never be completed, designed to take money from taxpayers and line the pockets of Democrat politicians and their friends.

And you have to wonder why Democrat voters agreed to it in the first place because it's basically a convenience for the wealthy elite, and has no value for the average citizen. But the cult faithful wouldn't dare question their masters....

 

[BOP]

State wants to help first-time homebuyers — but they can't be American citizens



California close to approving $150K loans for illegal immigrants to help purchase homes


Illegal migrants could receive up to $150K under the 'California Dream for All' plan


Lawmakers in California could soon make the Golden State the first in the country to make undocumented immigrants eligible for up to $150,000 in state-supported home loans.

The Democratic supermajority in the California state legislature is likely to pass a measure this week that would make undocumented immigrants eligible for the "California Dream for All" loan program, a state-funded program that provides 20% in down payment assistance up to $150,000, according to a report for Politico.

California close to approving $150K loans for illegal immigrants to help purchase homes

A bill making its way through the California legislature would make undocumented migrants eligible to participate in a program that provides down-payment assistance.

www.foxnews.com

What could possibly go wrong?

 

[BOP]

As long as they don't take fed bucks to pay for it or make up their deficit, I don't care what Commiefornicators do with their tax dollars.

I only feel bad for the conservatives in Californication. It's their money.

 

[PeoplesElbow]

THEY might - but no bank worth its salt would approve that. That's how the sub-prime mortgage crisis which led to the Great Recession started - giving loans to people with no credit and no visible means of paying it back.

Sure they will, they know they will be bailed out.

I'm sure there will be some mandate that they have to make the loans.