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A Government Program that Save US Housing Without Costing the Government a Dime
- bilbo0s 17y agoAnd what happens when the immigrants default on the loans? Oh yeah, the taxpayers will just pick up the tab! So I guess he's correct, his idea does not cost the government a dime. It just costs all of us a quarter when it goes south.
- ryanelkins 17y agoWhile this might work for H1B visa applicants who would probably be able to secure above average paying jobs, I think you'll be hard pressed to find undocumented immigrants who can afford a house at all much less one that costs 10% more than the median home price. I'm not sure if US Housing needs to be "saved". The average house price was ridiculously high. I purposely held off from buying a house because the cost was just too high compared to wages. House prices were doubling or tripling (or even more) while income stayed relatively flat. Prices had to come down. They probably still need to come down a bit.