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Author Topic: California Mayor Blasts Plan to Help Migrants Buy Houses  (Read 1603 times)

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Offline rangerrebew

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California Mayor Blasts Plan to Help Migrants Buy Houses
« on: Tuesday, Jul 09, 2024 02:28 am »
 
California Mayor Blasts Plan to Help Migrants Buy Houses
Story by Jordan King • 18h


The mayor of El Cajon has criticized a program that helps people buy their first houses, including migrants.

Californians can apply to the California Dream for All Shared Appreciation Loan, which offers eligible buyers a down-payment loan worth up to 20 percent of the purchase price.
 

Loans offered under the program do not accrue interest and do not need to be repaid in monthly installments. Instead, borrowers repay the original amount of the loan, along with 20 percent of the increase in the home's value, when it is sold or the mortgage is refinanced.

https://www.msn.com/en-us/news/us/california-mayor-blasts-plan-to-help-migrants-buy-houses/ar-BB1pCs2t?ocid=msedgdhp&pc=HCTS&cvid=7c22bf520e2942fba24b03b7acc039ec&ei=42
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Offline rangerrebew

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Re: California Mayor Blasts Plan to Help Migrants Buy Houses
« Reply #1 on: Tuesday, Jul 09, 2024 02:30 am »
Is the plan to also furnish them, pay the utilities, and pay insurance? :whistle:
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“An evil man will burn his own nation to the ground to rule over the ashes.” ~ Sun Tzu

Offline DefiantMassRINO

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Re: California Mayor Blasts Plan to Help Migrants Buy Houses
« Reply #2 on: Tuesday, Jul 09, 2024 05:21 am »
Everytime I pay a bill, I fell like a chump.
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