As If Driver's Licenses Weren't Enough...
A good real estate agent will tell you to ignore “median home price” as a metric to gauge cost of living. This is due to the fact that median prices depend on actual sales over some given period of time (usually 6 months) and do not reflect the general housing market. A much better metric is new construction pricing, as this reflects market rates consumers are willing to pay. Based on that, Silicon Valley has some of the most unaffordable housing in the US. Average new construction pricing exceeds $700 per square foot throughout the Bay Area. At that rate, home ownership is out of reach for a substantial portion of the population, and with rental pricing on the rise again, the affordability gap is growing.
Enter the California liberals. Concerned that illegal aliens cannot afford to buy homes, many financial institutions have created special lending programs for illegal aliens that bypass the need for a Social Security Number. Recognizing that if an illegal alien has an SSN, it must be fraudulent, financial institutions have introduced loans that require a Taxpayer Identification Number (TIN) instead. This is motivated by the liberal mantra that illegal aliens are honest, tax-paying citizens. Let’s check the facts.
The IRS started giving out Individual TINs in the mid-1990s. According to IRS records, since then, about 8 million IDs have been assigned, but only 2 million are used annually on tax returns. That means that at most 1 out of 4 of the honest, tax-paying illegal aliens is in fact, honest and tax-paying. In stark contrast to that number is the estimated total illegal alien population of 18 - 20 million (Bear Stearns, Jan 2005). Which means only 1 in 10 illegal aliens is truly honest and tax-paying.
Despite this, the California liberals continue to insist that illegal aliens have some divine right to all the privileges (and many illegals-only special programs) of lawful residents of California. They have even come up with the term “undocumented immigrant” to disguise the fact that these people are in the US in violation of immigration law. They are criminals. Why are we trying to reward them with the ability to buy a house when there are plenty of legal immigrants and citizens who cannot afford to do so?
Buying a home is a means to establish residency, which then conveys certain rights to the resident, many of which are financed at the expense of the public treasury (such as use of the public schools and in-state tuition rates for higher education). Thus, criminals are illegally obtaining benefits. Not so say the liberals – the United States does not restrict foreign nationals from owning real estate in the US. Not so says exsubdriver, the law applies to legal immigrants, not criminals.
The California liberals say that they have introduced these financial programs to help stop the illegal aliens from becoming victims of fraud. The victims of fraud are the thousands of immigrants who obey the rules and apply for lawful immigration status. The perpetrators of fraud are the millions of illegal aliens who feel they do not need to play by the rules that bind everyone else. And the California liberals are lining up to help them achieve home ownership – something that John Q. Public cannot do, simply because he did not sneak across the borders.
It's not rocket science. Government should be enforcing laws and providing equal access to goods and services to all those who are legally eligible for them. We should not create or condone special programs that benefit a portion of the population who believe they are entitled to break the laws of this country.
Enter the California liberals. Concerned that illegal aliens cannot afford to buy homes, many financial institutions have created special lending programs for illegal aliens that bypass the need for a Social Security Number. Recognizing that if an illegal alien has an SSN, it must be fraudulent, financial institutions have introduced loans that require a Taxpayer Identification Number (TIN) instead. This is motivated by the liberal mantra that illegal aliens are honest, tax-paying citizens. Let’s check the facts.
The IRS started giving out Individual TINs in the mid-1990s. According to IRS records, since then, about 8 million IDs have been assigned, but only 2 million are used annually on tax returns. That means that at most 1 out of 4 of the honest, tax-paying illegal aliens is in fact, honest and tax-paying. In stark contrast to that number is the estimated total illegal alien population of 18 - 20 million (Bear Stearns, Jan 2005). Which means only 1 in 10 illegal aliens is truly honest and tax-paying.
Despite this, the California liberals continue to insist that illegal aliens have some divine right to all the privileges (and many illegals-only special programs) of lawful residents of California. They have even come up with the term “undocumented immigrant” to disguise the fact that these people are in the US in violation of immigration law. They are criminals. Why are we trying to reward them with the ability to buy a house when there are plenty of legal immigrants and citizens who cannot afford to do so?
Buying a home is a means to establish residency, which then conveys certain rights to the resident, many of which are financed at the expense of the public treasury (such as use of the public schools and in-state tuition rates for higher education). Thus, criminals are illegally obtaining benefits. Not so say the liberals – the United States does not restrict foreign nationals from owning real estate in the US. Not so says exsubdriver, the law applies to legal immigrants, not criminals.
The California liberals say that they have introduced these financial programs to help stop the illegal aliens from becoming victims of fraud. The victims of fraud are the thousands of immigrants who obey the rules and apply for lawful immigration status. The perpetrators of fraud are the millions of illegal aliens who feel they do not need to play by the rules that bind everyone else. And the California liberals are lining up to help them achieve home ownership – something that John Q. Public cannot do, simply because he did not sneak across the borders.
It's not rocket science. Government should be enforcing laws and providing equal access to goods and services to all those who are legally eligible for them. We should not create or condone special programs that benefit a portion of the population who believe they are entitled to break the laws of this country.
posted by exsubdriver at 11:53 AM
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