The father of seven has not finished a thought in four years. he is just moving. feeding. driving. wiping. his brain is soup and his back is finished and he has no opinions about civilization he is too tired for opinions. and meanwhile civilization is growing out of him like he is dirt and he doesnt even notice because there is milk on the floor again. the childfree man has read eleven books this year about the decline of the west and he is the decline and the books are the evidence and he will understand this at fifty eight in a room that is very clean and very quiet
@JasonPremoMFG Yeah sorry, I saw your reply to Caleb. The way the initial post is worded just made it seem like you had no interest in CAD. Totally understandable though
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.
God sends small children into the world to expose men. you think you are holy until a three year old throws a bowl of cereal at the wall for the third time. you think you are patient until you have not slept for five nights straight, and the baby is still screaming. every half man, is found out by his own offspring. children are judges, sent in miniature to read your verdict out loud. God could have judged us from the throne. instead, he sent us toddlers. more effective