Immigrants in CA could get 20% discount on buying home

Saturday, March 02, 2024

The California Dream for All Shared Appreciation Loans program that launched last March by the California Housing Finance Agency offered qualified first-time home buyers with a loan worth up to 20% of the purchase price of a house or condominium. The loans don't accrue interest or require monthly payments. Instead, when the mortgage is refinanced or the house is sold again, the borrower pays back the original amount of the loan plus 20% of the increase in the home's value.

Posted by oneironaut at 08:09 PM | 22 COMMENTS | permalink

Facebook link to follow, hopefully

Comments

You're a Ruskie-bot, why are you concerned about California?

#1 | Posted by a_monson at 2024-03-03 07:05 PM

He's talking about California because the word California causes a dopamine response in Deplorables.

It's the same reason Republicans in Congress voted to repeal Obamacare sixty-four times.

#2 | Posted by snoofy at 2024-03-03 07:12 PM

It's a shame Progressives put immigrants over U.S. Citizens having a hard time buying a house.

#3 | Posted by boaz at 2024-03-03 10:26 PM

Does this only apply to immigrants, or any first-time home buyers?

#4 | Posted by REDIAL at 2024-03-03 10:31 PM

It's a shame Progressives put immigrants over U.S. Citizens having a hard time buying a house.
#3 | POSTED BY BOAZ

Hey stupid, it has zero impact on anyone else, it, OPENS the program to more people.

What are Republicans doing about housing prices? Let me guess, passing anti-trans, anti-choice, and book banning legislation.

#5 | Posted by truthhurts at 2024-03-03 10:32 PM

Hey stupid, it has zero impact on anyone else, it, OPENS the program to more people.

It's a matter of supply and demand.

Any time one increases the number of prospective buyers for a limited resources (i.e., in this case, homes) the prices go up. So encouraging illegal immigrants to buy up our homes, by effectively decreasing their purchase price, increases home prices for our own home buyers.

My opinion is that the first obligation of our government is to protect our own citizens; helping them buy homes being one example. It is for similar reasons that Canada has banned foreign ownership of Canadian housing.

What are Republicans doing about housing prices? Let me guess, passing anti-trans, anti-choice, and book banning legislation. #5 | Posted by truthhurts

Republicans, despite their many flaws, are generally pro-building/anti-regulation. The more houses that are built, the lower prices drop.

While regulation has its place, excessive regulation stifles home building, thereby spiking home prices.

If anyone is genuinely curious about the impact of excessive regulation on home prices and not just trying to score partisan points, read up on How Californians Are Weaponizing Environmental Law which describes how environmental laws are abused to stop the building of low income housing.

#6 | Posted by censored at 2024-03-04 09:31 AM

-What are Republicans doing about housing prices?

In California? What do you want them to do there?

#7 | Posted by eberly at 2024-03-04 10:28 AM

#5 yes, in a zero sum game the government basically giving money to non citizens could never negatively impact citizens who need help, or take away from aid they could have gotten. And to top it off some other mental midget newsworthy's it... This site is a f'n joke more and more everyday.

#8 | Posted by kwrx25 at 2024-03-04 03:53 PM

In California? What do you want them to do there?

#7 | POSTED BY EBERLY

Then what are Republicans doing about it elsewhere, or at the national level?

#9 | Posted by Whatsleft at 2024-03-04 04:01 PM

stupid, it has zero impact on anyone else, it, OPENS the program to more people.
- TRUTHHURTS

So then corporations buying homes has "zero impact" on anyone else?

Why not make this available for EVERYONE, wouldn't that be the MOST people affected?

Why are citizens treated like the second class?

#10 | Posted by oneironaut at 2024-03-04 04:03 PM

Then what are Republicans doing about it elsewhere, or at the national level?
#9 | POSTED BY WHATSLEFT

Seems like they aren't making it worse?

#11 | Posted by oneironaut at 2024-03-04 04:04 PM

Immigrants, or illegal aliens?

#12 | Posted by MSgt at 2024-03-04 04:19 PM

Nothing. I wouldn't know what to tell them to do.

You'd first have to decide what you want.

#13 | Posted by eberly at 2024-03-04 04:40 PM

Has anyone who posted here actually looked into this and found that it does what the masochists who live to be lied to so they can be mad say it does?

A month ago the daily 2 minutes hate was a tall tale about free rent for migrants in Maine.

Except it wasn't free.

Weird, right?

#14 | Posted by tres_flechas at 2024-03-04 04:58 PM

Ah.

So this is a program for first time home buyers?

Uh......

#15 | Posted by tres_flechas at 2024-03-04 05:00 PM

Assemblymember Joaquin Arambula (D-Fresno) introduced Assembly Bill 1840 last month to expand the eligibility requirement for a state loan program to clarify that loans for first-time buyers are available to undocumented immigrants.
-FTA

#16 | Posted by oneironaut at 2024-03-04 05:29 PM

Right, #16.

So this isn't a "law that was passed to give illegal aliens all kinds of free ---- that we can't have and ARRRRRGGGHHHHHHAAAAAAAAA!"

In fact it's not even a law yet.

Your retarded ass would call it socialism if it didn't allow you the opportunity to kick down at immigrants.

#17 | Posted by tres_flechas at 2024-03-04 08:21 PM

For an old, dementia riddled white dude you talk funny.

#18 | Posted by LegallyYourDead at 2024-03-04 09:53 PM

#18 | POSTED BY LEGALLYGIVESMEHEAD

And you talk kinda straight for a closet --- with a belly full of my babies.

#19 | Posted by tres_flechas at 2024-03-04 10:24 PM

Errrr, I mean, "you pass"....