Here is copy paste from the discussion
Robert Sterling (jew?) says:
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.
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Amy Nixon says:
We basically did NINJA loans again but this time with non-US citizens
Many homebuilders, such as Bloomfield Homes in Celina, TX offered access to FHA loans for H-1B visa holders through their preferred lenders until May of 2025, when Trump had HUD shut these lending practices down
Some of these FHA loans offered 100% financing through a combination of a standard FHA loan and access to State assisted first time homebuyer grants for the 3% downpayment
Yes, you read that correctly, your tax dollars funded home-buying grants for non-US Citizens during the Biden administration
Is it just a coincidence that home prices began falling at a rapid pace in Celina, TX almost immediately after Trump shut this program down?
How many people bought a brand new home with zero money down at peak 2022-2024 pricing?
You won’t see an impact at a national level, but you WILL see it in certain markets with a lot of H-1B tech workers and new construction
Robert Sterling (jew?) says:
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.
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Amy Nixon says:
We basically did NINJA loans again but this time with non-US citizens
Many homebuilders, such as Bloomfield Homes in Celina, TX offered access to FHA loans for H-1B visa holders through their preferred lenders until May of 2025, when Trump had HUD shut these lending practices down
Some of these FHA loans offered 100% financing through a combination of a standard FHA loan and access to State assisted first time homebuyer grants for the 3% downpayment
Yes, you read that correctly, your tax dollars funded home-buying grants for non-US Citizens during the Biden administration
Is it just a coincidence that home prices began falling at a rapid pace in Celina, TX almost immediately after Trump shut this program down?
How many people bought a brand new home with zero money down at peak 2022-2024 pricing?
You won’t see an impact at a national level, but you WILL see it in certain markets with a lot of H-1B tech workers and new construction
It's not always about how hard you work. Having access to financing and credit is a game changer. Basically, I know gold and land go up over time. If i can get as much financing as i can, and buy this stuff up, the assets will increase in value at a faster rate than wages, making me rich. But normal White Men don't get access to all this jew bank credit. jews utilize the fiat currency system and their lending practices as a weapon against the White Man.
jews can choose any enemy they want, and give them 100% financing to move into and invade your neighborhood and communities.
Now logical, rational people would ASSUME that FHA subsidized loans are only for LEGAL CITIZENS. Nope. And you would ASSUME that state first time homebuyer programs would only be for LEGAL CITIZENS. But democrats don't even wish to distinguish who is or is not a legal citizen and consider it racist to make anyone state this on any state government form.