Illegal Immigrants get Mortgages

MaverickZero · 10-10-2007, 09:51 PM

Now, is this seriously smart?

I am hearing about this a lot, and I really wonder why the hell is this happening.

Now hear me out here, I'm not saying these people are trash... However why are the banks being allowed to loan money to people who have illegally snuck into the country?

Isn't that just as bad as picking up a hitchhiking prisoner out of county, because he offered you gas money?

Immigration laws are implemented for a reason, and these people who are sneaking in and not only lowering the value of jobs in America, but NOW are lowering the real estate as well!

How can the bank give money to someone who hasn't lawfully gained entry in the country, is working illegally, and NOW is taking a house, and property away from LEGAL citizens. As if THAT isn't bad enough, these illegal immigrants get cut a DEAL on their mortgages! They get a lower interest rate SIMPLY because they are illegal immigrants.

What are your thoughts on this?

I for one am pretty outraged by this complete lack of regard for hard working, legal citizens.

Drake Dun · 10-10-2007, 10:54 PM

Business is business. You can make a loan to a foreigner who isn't on American soil. Foreigners who aren't on American soil can buy property in America. Why should one who is on American soil be different?

A private bank is not the INS or the DHS. If you want illegal immigrants out of the country, you're going to have to make the government care.

That isn't going to happen, however, in spite of the fact that there is enormous support in the public for a firmer approach to dealing with illegal immigrants. Think about why that might be, and then try to tell me you're living in a genuine democracy.

So to conclude on my own big picture type note, the plugline:

Democracy will never exist anywhere until the middle men are kept close to the people (by agressive federalism), or cut out entirely (as in a true democracy).

By the way, borders exist for protectionist purposes. Protectionism is government intervention in the economy. So if you believe in kicking out illegal immigrants, you believe in at least one socialist policy.

Drake

MaverickZero · 10-10-2007, 11:58 PM

Well, would you want a homeless person barging in your house, setting up shop and refusing to leave?

Drake Dun · 10-11-2007, 12:20 AM

Quote:

Originally Posted by MaverickZero

Well, would you want a homeless person barging in your house, setting up shop and refusing to leave?

No, but I wouldn't mind one buying my house with money he borrowed from a bank after I put the house on the market, and then setting up shop and refusing to leave.

The point about socialism was not a dig. I have sympathies toward certain forms of socialism. My point is that nobody who is enthusiastic about protectionist policies, like immigration controls, is in a position to pretend that they are a principled capitalist.

Drake

MaverickZero · 10-11-2007, 12:26 AM

Quote:

Originally Posted by Drake Dun

No, but I wouldn't mind one buying my house with money he borrowed from a bank after I put the house on the market, and then setting up shop and refusing to leave.

Drake

Thats my point exactly... These immigrants get into the country unlawfully, then underhandedly find means in which to tie themselves with the country so they can't be upheaved.

It's one thing to take the proper steps, and immigrate into the country. Those people I respect and have no beef with. It's the people who sneak into the country, break the law, and then complain and claim it's oppression.

Drake Dun · 10-11-2007, 12:49 AM

It's not a question of formalities. They are breaking the law because the alternative is not to come at all. So your complaint is actually with the fact that they are coming.

Drake

MaverickZero · 10-11-2007, 12:51 AM

It's not an alternative to coming in! Good lord, that's like saying, well if you can't pay for that television, the alternative is just taking it!

Drake Dun · 10-11-2007, 01:12 AM

Why should anybody obey a law that makes an action illegal in spite of the fact that the action is not unethical?

Drake

MaverickZero · 10-11-2007, 01:20 AM

Well, contrary to popular belief... Our world is not a United Nation... We are separate countries, and those countries have boundaries, and laws of their own... Nobody should consider themselves above the laws. That breeds Anarchy,

and as much as everyone here may or may not think Anarchy is awesome... It is not as glorious as it seems.

CptSternn · 10-11-2007, 02:03 AM

Banks love to give loans, credit cards, mortgages, etc. to illegal immigrants and people with bad credit - it makes for very good business.

Think about it (or google it) -

It works like this:

First lets look at illegals. They live many in a home. That means they have a nice chunk of money coming into that home. If they get a home, they have avoided many pitfalls - once they buy a home it's harder to deport them, they are at less risk of being deported if they have a home also because less people would suspect them. They don't have a landlord checking in and snooping, and they don't have to hide who is really living there with them.

It is in their best interest, for everyone living there, to make sure the mortgage is paid, else they all face deportation.

This makes them the perfect home owners - ones who have much more to lose than just a house.

Same goes for people with bad credit. They tend to have other issues at hand, and giving them credit cards promises a big return. If they default, you can not only take everything they own, now, under new legislation passed in 2005 by bush their creditors can ganish their wages for life.

Thats why your seeing the houseing market bubble now bursting and so many people losing their homes. What is it? 250% increase since this time last year? Expect that number to rise. Whats more important - all of those people will now find themselves screwed for life - paying off debt for a house they lost, via the ganishment of their wages, meaning they will never be able to buy another house AND will be reminded in each pay cheque that they were screwed.

...of course there will be some shady company out there waiting to give them a high-interest-rate credit card to 'help' them rebuild their credit. Thats for sure.

Wormboy · 10-21-2007, 02:09 AM

Quote:

Originally Posted by MaverickZero

Now, is this seriously smart?

I am hearing about this a lot, and I really wonder why the hell is this happening.

Now hear me out here, I'm not saying these people are trash... However why are the banks being allowed to loan money to people who have illegally snuck into the country?

Isn't that just as bad as picking up a hitchhiking prisoner out of county, because he offered you gas money?

Immigration laws are implemented for a reason, and these people who are sneaking in and not only lowering the value of jobs in America, but NOW are lowering the real estate as well!

How can the bank give money to someone who hasn't lawfully gained entry in the country, is working illegally, and NOW is taking a house, and property away from LEGAL citizens. As if THAT isn't bad enough, these illegal immigrants get cut a DEAL on their mortgages! They get a lower interest rate SIMPLY because they are illegal immigrants.

What are your thoughts on this?

I for one am pretty outraged by this complete lack of regard for hard working, legal citizens.

I agree with you

LadyLucretia · 10-21-2007, 09:20 AM

Quote:

Originally Posted by MaverickZero

Immigration laws are implemented for a reason, and these people who are sneaking in and not only lowering the value of jobs in America, but NOW are lowering the real estate as well!

How can the bank give money to someone who hasn't lawfully gained entry in the country, is working illegally, and NOW is taking a house, and property away from LEGAL citizens. As if THAT isn't bad enough, these illegal immigrants get cut a DEAL on their mortgages! They get a lower interest rate SIMPLY because they are illegal immigrants.

I would like to see your sources for this information before I comment.

MaverickZero · 10-22-2007, 04:31 AM

Quote:

Originally Posted by LadyLucretia

I would like to see your sources for this information before I comment.

Go read a newspaper, and quit being a cunt.

Oh right, you're too lazy, well let me spell it out for you.

http://www.worldnetdaily.com/news/ar...TICLE_ID=44468

http://www.azcentral.com/arizonarepu...ntloans24.html

http://www.businessweek.com/magazine...3001_mz001.htm

http://www.foxnews.com/story/0,2933,166959,00.html

http://archive.newsmax.com/archives/...0/125223.shtml

Now if you're ever going to post in threads where I make a point, just to be a bitch and piss me off, grow the fuck up Lucretia.

Tristanna · 10-22-2007, 04:35 AM

Thats crazy, its beyond me how someone in a country illegally can be lent money to buy a house, its more than crazy!

MaverickZero · 10-22-2007, 04:38 AM

Quote:

Originally Posted by Tristanna

Thats crazy, its beyond me how someone in a country illegally can be lent money to buy a house, its more than crazy!

No kidding! They can get bank accounts, work, and obtain mortgages without legal status, or even a Social Insurance Number.

It sounds like something is absolutely wrong here. Why is it so hard for LEGAL status citizens to obtain these things normally, and it's being handed to people who are, essentially, criminals?

Tristanna · 10-22-2007, 04:44 AM

I know, in britain some poor people cant even get bank accounts and alot of people struggle to get mortgages ..what is happening when people illegally in your country can get those things? Thats mental.

MaverickZero · 10-22-2007, 04:47 AM

I agree with you there. People who have no history, no credit, and who are breaking the law, officially get treated better than most of the impoverished lower-middle-class...

It really makes me shake my head, thinking about it. I understand people try to escape to America for a better life, but what the hell is so wrong with doing it the right way?

drewsilla · 10-22-2007, 06:39 AM

Well, that's the way the world works. The person who busts their ass working 40+ hours a week and struggles to pay bills will always come in last. That's true in just about everything. You can work your ass off at work, be ontime and take initiative in all that you do and still be passed over for promotions and what-not for some little smart-ass fucktard who thinks they know everything.

Then again, that's true in all walks of life, not just dealing with illegals.

HumanePain · 10-22-2007, 07:39 AM

It gets worse: they also do not get any health insurance because they are undocumented workers in menial jobs without benefits, and so wait until they are nearly at death's door to get medical attaention from Emergency Room doactors, who cannot turn them down, and so the E.R. fills up with them so when a legal citizen who is in dire need of emergency help (like I was a week ago) comes in, they have to wait behind 30 Javier Gonzales Oswaldo Guadalupe Juniors to be seen by the doctor. And all the undocumented workers are told by experienced illegals to use a certain name when they check in, so it is under a name already in the hospital databse, and they can rip off taxpayers too in addition to the hospital.

Picture a lifeboat, made for 7 people, doing fine in the ocean, and then 47 others are trying to climb into the boat.

Hand me an oar. I want to feed the fish.

Green.Lady · 10-22-2007, 09:05 AM

Quote:

Originally Posted by MaverickZero

I agree with you there. People who have no history, no credit, and who are breaking the law, officially get treated better than most of the impoverished lower-middle-class...

It really makes me shake my head, thinking about it. I understand people try to escape to America for a better life, but what the hell is so wrong with doing it the right way?

The American government gets to pick and choose where its immigrants come from. I wanted to move to NYC at one point a couple years ago and found out that at the time it would have taken forever to get a green card because "they already have too many Canadians." If you're from anywhere besides Africa or Europe (limits of 11,100 for each), you're going to have to wait a while to get in as there's a cutoff of between 675 and 4750 people depending on your area of origin. If you're from North America, you could be one of 3 people from the continent to have to chance to be allowed to legally live in America. And after all this, unless you marry someone and wait two years, you have to win a lottery for a green card with only 50,000 winners each year.

And you can skip the lottery, I believe, if you're a professor, researcher or another intelligent person, or if you've got a degree, or if you're related to a citizen. So it would be incredibly difficult for most poor Mexicans to be qualified enough to gain citizenship.

LadyLucretia · 10-22-2007, 05:39 PM

Quote:

Originally Posted by MaverickZero

Go read a newspaper, and quit being a cunt.

Oh right, you're too lazy, well let me spell it out for you.

Now if you're ever going to post in threads where I make a point, just to be a bitch and piss me off, grow the fuck up Lucretia.

Ok, first of all, all I did was ask you for sources. That is not being a cunt or a bitch. That's being rational. I don't appreciate being called derogatory names for no reason.

Second, it's pretty clear that you're the one who's too lazy to read the news articles. You claimed the following:

1. Illegal immigrants are lowering the value of real estate in the U.S.

2. Illegal immigrants are taking property away from legal citizens.

3. Illegal immigrants get a lower interest rate because they are illegal immigrants.

The articles you posted only talked about the individual taxpayer identification numbers (ITINS), which allow illegal immigrants to pay taxes and yes, apply for mortgages. Some of the articles editorialized the issue in an anti-immigrant way, but NONE of them offer any information supporting your claims. All they say is that illegals can APPLY for mortgages - not that they lower housing values, or take property from citizens, or get lower rates.

If you have sources supporting your points I am still interested in seeing them. And please refrain from the disrespectful name calling; if I can be civil here then so can you.

MaverickZero · 10-22-2007, 06:06 PM

Quote:

Originally Posted by LadyLucretia

If you have sources supporting your points I am still interested in seeing them. And please refrain from the disrespectful name calling; if I can be civil here then so can you.

I don't respect you, period. I don't ask for your opinion, mainly because you've pissed me off so much in the past, that I honestly don't give a shit what you think.

LadyLucretia · 10-22-2007, 06:12 PM

Quote:

Originally Posted by MaverickZero

I don't respect you, period. I don't ask for your opinion, mainly because you've pissed me off so much in the past, that I honestly don't give a shit what you think.

The feeling is mutual. But being evasive about where you get your information from isn't communicating your lack of respect for me, it just shows your lack of sources. And regardless of how you feel about me, you do not have the right to call me a bitch and a cunt just because I disagree with you. You owe me an apology although I doubt you'd be mature enough to ever do it.

MaverickZero · 10-22-2007, 06:15 PM

Quote:

Originally Posted by LadyLucretia

The feeling is mutual. But being evasive about where you get your information from isn't communicating your lack of respect for me, it just shows your lack of sources. And regardless of how you feel about me, you do not have the right to call me a bitch and a cunt just because I disagree with you. You owe me an apology although I doubt you'd be mature enough to ever do it.

Sorry I can't quote CNN off the radio. Cry me a river.

I don't owe you a thing. I call you a bitch and a cunt, mainly because you are. You don't bring productive argument you just take the opposite view and advocate it to all hell. Even if it's something you have no idea about.

I don't talk out my ass about subjects, and just because I can't find the exact source, right fucking now, doesn't mean I'm an idiot.

LadyLucretia · 10-23-2007, 03:24 PM

Quote:

Originally Posted by MaverickZero

Cry me a river.

I don't owe you a thing. I call you a bitch and a cunt, mainly because you are.

You know, you're not very good at proving your own points, but you sure are good at proving mine.