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.
@EndWokeness Judges that let these violent criminals back on the streets should be charged as accomplices to the crime the criminals commit after being let go.
Journalism that creates real world change. BOOM.
For months and months MSM and politicians tried to debunk the fraud scandals in Minnesota, investigating me rather than the people committing the fraud.
Guess what? It was all true.
EXPOSE THEM ALL
Tim Walz called me a “far right delusional conspiracy theorist” and said exposing the fraud in his state was “white supremacy.”
It was the classic false smear tactic that has worked for so long… but it didn’t work this time. Tim was exposed and dropped out.
Tim leared.
🚨TRAGIC: A White firefighter in Wisconsin saved a Black man who was overdosing on drugs.
After being revived, the Black man immediately pulled a gun and shot the White man who had just rescued him dead.
Mainstream media didn’t report this incident, as it doesn’t fit their narrative.
@nypost "Accused" seems a little lightly worded. He's on video slaughtering her, pretty sure you can skip past accused. If he's too incompetent for a trial what makes him competent enough to participate freely in society? If only there were still places to put people like this...
@ARCRaidersGame need option here to put towards expedition on consoles, also can't multi select items to put towards expedition unless I select everything. Been a little buggy since update, certain helmets go clear after around or two and give the character black eyes. #justtryingtohelp
@xbox clips my Arc Raiders moments, but my mic stays silent. just learned ps5 captures voice in clips. it'd be cool if xbox added that someday... thinking about switching so I can actually narrate my wins. anyone else feel this? #deadairXboxClips#PS5Voice
@McDonalds I find it dumb there's no cheeseburger kids meal, or an option to add cheese to the hamburger kids meal in the app. Also arch sauce is nasty and there should be an option to get mac sauce instead. This concludes my complaint today.
@xbox we need a audio stream function in the Xbox app that only streams audio to your phone so we can use any Bluetooth buds for sound and communication.
Having been called a liar by Anthony Fauci for saying that "not one of the 72 vaccines mandated for children has ever been safety tested", RFK Jr. sued Fauci.
After a year of stonewalling, Fauci's lawyers admitted that RFK Jr. had been right all along.
"There's no downstream liability, there's no front-end safety testing... and there's no marketing and advertising costs, because the federal government is ordering 78 million school kids to take that vaccine every year."
"What better product could you have? And so there was a gold rush to add all these new vaccines to the schedule... because if you get onto that schedule, it's a billion dollars a year for your company."
"So we got all of these new vaccines, 72 shots, 16 vaccines... And that year, 1989, we saw an explosion in chronic disease in American children... ADHD, sleep disorders, language delays, ASD, autism, Tourette's syndrome, ticks, narcolepsy."
"Autism went from one in 10,000 in my generation... to one in every 34 kids today."
In honor of Black History month, here is Jimmy Kimmel wearing blackface.
Jimmy now tries to attack President Trump for being “racist”, even though Trump has never worn blackface.
Jimmy Kimmel is a racist hypocrite.
MUST WATCH: Washington state Father RIPS @HighlineSchools board members after discovering that his child attended an anti-ICE protest during school hours without parental notification.
"I have the right to know where my child goes. That was taken from me... You exposed him to real danger. That's neglect and that's endangerment."