We know what’s coming and we are prepared.
šŗšø California advances 0 down, no payment home 'loans' for undocumented immigrants
The California Senate Appropriations Committee advanced a bill to allow undocumented immigrants to make use of the stateās zero down, no payment home āloanā program, an expansion the legislature says would create āsignificant cost pressures.ā
āThe social and economic benefits of homeownership should be available to everyone. As such, the California Dream for All Program should be available to all,ā wrote bill author Assemblymember Joaquin Arambula, D-Fresno. āWhen undocumented individuals are excluded from such programs, they miss out on a crucial method of securing financial security and personal stability for themselves and their families.ā
This program allows applicants to secure āloansā of up to 20% of the homeās purchase price ā or, about what a typical down payment is ā with zero down payment on this state loan, and no payments.
The stateās āloanā can potentially be repaid to the state when the home is refinanced, sold, or transferred, with the borrower paying back the original loan amount plus 20% of any increase in value on the property. Itās not clear what happens if a family decides to hold on to a home as there are no provisions on how long a property can be held for, which means certain kinds of trusts could potentially allow the loan to not be paid back.
This year, 18 thousand individuals applied for the $255 million āloanā program through a lottery, leaving 1,700 lucky winners with up to $150,000 each towards down payment and closing costs.
British man attacked for entering a āno-go zoneā in London.
A horde of Islamists surrounded him and questioned why he was in ātheirā neighborhood.
They threatened him and began chanting āAllahu Akbarā as they kicked him out.
Minister of State for Courts and MP for Finchley and Golders Green, Sarah Sackman, says religious courts like 'Shariah' are a fundamental part of 'British Values'.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in todayās dollars.
That shortfallāmore than $600,000 per coupleāis being made up by younger workers.
āMost of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behindā
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619
