GolfXBT

Digital Asset & Blockchain Strategy @pwc | Ex @BinanceUS & @EY_US | Member @linksdao ⛳️,🏌️‍♂️

[Robert Sterling @RobertMSterling]

During the Biden administration, H-1B visa holders were buying houses with 97-100% financing. 97% would come from the FHA, with the rest coming from state first-time home buyer programs.

Zero money down. Thanks to programs that were supposed to be helping low-income American families buy their own homes.

FHA loans to non-permanent residents quickly grew to represent 6% of mortgage issuances. The percentage was undoubtedly higher in places like the DFW area, where H-1B visa holders are disproportionately concentrated.

I don’t have anything against people in America on H-1B visas. I’ve said it before—and I’ll say it again—that I’ve found many of them to be great people on an individual level, and I wish them all nothing but the best. Individual immigrants—especially those here legally—are not at fault for flawed US immigration policy.

But this might be the most radicalizing thing I’ve ever seen. Not only are American workers forced to compete for jobs, they’re also forced to compete in the housing market against people bringing 0-3% of a house’s cost to the closing table, versus the 10-20% most people have to pay.

First, companies import mass numbers of H-1B visa holders, largely in "back office" white-collar fields like IT and accounting. This essentially imposes a lower ceiling on domestic wages in these job categories.

Next, these workers—who are generally concentrated in certain geographic areas—create more demand for housing (especially in good school districts), driving up home prices and the cost of living.

Then, to top it off, they don’t even have to save up money for a down payment. They can close on a $500k house with $0-15k plus a 97% FHA loan. Meanwhile, ordinary American families are forced to come to with $50-100k for the same down payment.

I don’t care how you feel about Trump or what your preferred immigration policies are; there’s no defending this. It screws over hard-working American citizens several different ways over, and it’s yet another reason why I will always be glad Trump won and Kamala Harris lost in 2024.

[Luke Rosiak @lukerosiak]

You've heard about this story. Now you get to see it.

I traveled to Columbus, Ohio, and witnessed the most egregious government waste I've seen in my 20 years as an investigative reporter.

This has been going on for years, and you've been paying for it.

Take a look⬇️

[MACtion @MACSports]

🎥: Miami Head Coach JD Fletcher on the RedHawks claiming the 2026 MAC Men’s Golf Championship Title! 🏆

@MiamiOH_Golf | #MACtion

[MACtion @MACSports]

Miami’s Liam Nelson is your 2026 MAC Men’s Golf Individual Champion! 🏆

@MiamiOH_Golf | #MACtion

[Oil & Gas Workers Association @ogwausa]

You can’t possibly share this smackdown enough.

Only Hank Johnson asking if Guam could capsize and tip over rivals this.

[NUCLR GOLF @NUCLRGOLF]

Throwback to when Tiger Woods destroyed Stephen Ames 9 & 8 at the 2006 WGC - Dell Match Play 🔥

Via: @Skratch

[George Santos @Georgesantos]

Thai will be gold for investigators.

[Geiger Capital @Geiger_Capital]

I’ve seen enough…

Virginia redistricting has passed.

A state that Kamala barely won by 5 pts has been redrawn from 6D-5R to 10D-1R.

[Kevin Dalton @TheKevinDalton]

Gavin Newsom just used his own PAC to buy $1.5 million worth of his own book. Even more comically, that accounts for 2/3 of the entire print sales.

[B @ The BBQ Barn @_TheBBQBarn]

ESPN used to be Stuart Scott, Chris Berman, Rick Eisen and so many others that built careers with charisma and talent.

Now they force this crap down people's throats ... and it's not even remotely entertaining.

I wouldn't be surprised if The Masters haven't already made the phone call to make sure this never happens again.

[The Block @TheBlockCo]

Institutional crypto adoption has passed the ‘point of reversibility,’ PwC says https://t.co/N7Tz06OO2W

[CoinDesk @CoinDesk]

POLICY: Crypto regulation to become global reality this year, PwC says

https://t.co/qHbAK6W2w9

[SportsCenter @SportsCenter]

MIAMI (OH) WINS IT IN THE FINAL SECONDS TO MOVE TO 19-0‼️

[Joe Biden @JoeBiden]

Trump talks tough on Venezuela, but admires thugs and dictators like Nicolas Maduro.

As President, I will stand with the Venezuelan people and for democracy.

[GolfXBT @GolfXBT]

@BobLoukas How are you thinking of this effecting crypto equities $COIN and $CRCL?

[Steve Pants @steve__pants]

I never want to hear anything about strength of schedule from an aggie again

[Brandon Walker @BFW]

Maybe we should’ve done a better job of noticing that all of Texas A&M’s SEC opponents were below this line.