So it shouldn’t have come as a surprise when a California politician had the brilliant notion to provide illegal aliens with interest-free, payment-free mortgages.
I so wish I could receive one of these deals, but California has long since abandoned its tax-paying populace and appears to be serving only the homeless, lawbreakers, and illegal immigrants.
Now let’s talk about Assemblymember Joaquin Arambula (D-Fresno), whose Assembly Bill 1840 would provide illegal immigrants with some nice terms:
“Last month, Assemblymember Joaquin Arambula (D-Fresno) presented Assembly Bill 1840 to clarify that illegal immigrants can apply for state loans for first-time purchasers and to broaden the eligibility threshold for a program.”
“The California Housing Finance Agency’s California Dream for All Shared Appreciation Loans program, which debuted in March of last year, provided first-time home purchasers who met the eligibility requirements with a loan up to 20% of the cost of a house or condominium. There are no monthly payments or interest associated with the loans. Rather, the borrower reimburses the initial loan amount plus 20% of the appreciation in the home’s value when refinancing the mortgage or selling the dwelling.”
Houman Hemmati, a Santa Monica ophthalmologist and regular Fox News commentator, held the following ideas:
To read the entire text, click the tweet above, but this is what he learned:
“So what comes next? A Tesla for free? $10,000 pre-paid debit card—wait, that was only in NYC—? This state is experiencing an unparalleled financial catastrophe. This is the moment to CUT spending, give priority to tax-paying citizens, and limit any residual spending to ESSENTIAL expenses. A complete overhaul of the state government is long overdue.”
Based on this survey, the notion appears to be quite unpopular.
The moment I saw the report, I assumed that the next step would be for them to openly offer money to anyone trying to enter our country illegally from the south. Then I remembered—wait—they already accomplished that.
They always seem to find more presents and freebies to give to illegal aliens, just when you think they’ve hit a new low. Why not simply give them houses directly and not bother with this ridiculous mortgage program?
I’m guessing that’s coming up next.
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