Tag Archives: housing crisis

Cross The Border And Get A Free House

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On Saturday, The National Review posted an article about a bill recently passed by the California legislature that would allow illegal immigrants to receive up to $150,000 in taxpayer-backed home loans. As of the time I am writing this, Governor Newsom has not yet signed the legislation.

The article reports:

“I didn’t know it was possible to make a border crisis and the housing crisis worse with just one vote, but Democrats found a way,” California Assembly Republican leader James Gallagher said on X on Thursday.

Republican assemblyman Bill Essayli called the bill “offensive,” writing on X that “California democrats love illegal immigration so much they offer many incentives for them to come here.”

But it’s unclear that Governor Gavin Newsom will sign the legislation, which could provide ammunition to Republican presidential nominee Donald Trump, a border hawk who has consistently blamed Democrats — including Vice President Kamala Harris, a California native — for the border crisis.

And even if Newsom does sign the legislation, it’s unlikely that any illegal immigrants will receive money from the program anytime soon: the program is broke, and lawmakers haven’t approved new funding.

Democrats, who have a supermajority in the California legislature, passed Assembly Bill 1840 on Wednesday. The aim of the legislation is to prohibit discrimination for the California Dream For All home loan program on the basis of immigration status, according to a bill analysis.

The program offers prospective first-time homebuyers loans of up to $150,000 for down payments or closing costs. At least one borrower must be a first-generation homebuyer. Eligible prospective homebuyers are selected for vouchers via a random lottery.

The obvious question is, “What kind of a house can you buy in California for $150,000? Can you even buy a garage in California for that? What about all of the veterans living on the streets in California? Is anyone going to offer them free housing?

Penalizing One Group Of People To Save Money For Another

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There is a housing crisis in America. Housing prices have skyrocketed (although they have come down slightly and the real estate market has cooled as interest rates have increased). Rents are going up and inflation is making it difficult for people to pay their rents. This will eventually work itself out, but unfortunately, the government is planning to get involved.

On Wednesday, Hot Air posted the following headline, “First step towards national rent control? Biden admin to mandate “fairness”” Government “fairness” has a way of not being fair.

The article reports:

If you’ve been renting, especially a single-family house vice an apartment, you’ve been on pins and needles the entire time, not knowing if it would be sold out from under you if the owner decides to cash in on good times, vice continues to deal with tenants. Almost every aspect has been fraught with anxiety for all concerned.

A good portion of this is attributable to measures taken (with questionable authority) by the Centers for Disease Control. In an unprecedented order on 1 September 2020, the CDC brought an immediate – and “temporary” – halt in residential evictions to “prevent the further spread of COVID-19.” Congress and then the Biden administration extended that order through various incarnations for another year, claiming a surge in Delta variant infections justified it.

What is being overlooked here is that fact that even if t he renter cannot affort to pay his rent, the homeowner is still required to pay his mortgage.The renter may not be evicted, but the owner is in danger of foreclosure.

The article concludes:

Also, please note – there’s nothing about independent landlord protections. Who is going to want to rent their home to anyone and face not getting paid with the government’s stamp of approval? Here people were, hoping for rents to start easing off some and housing to open back up. ‘Tis to laugh.

The government’s going to sanction both non-payment of rent and pay for the scofflaw’s lawyers? As the landlord is also a taxpayer, you could look at it that he’s getting shafted twice in this deal.

Well, hello. There’s another house sold to Blackrock for cash.

We need to look at any government interference against the free market as an attack on our freedom and treat it as such.