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Alien Bailout


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2007 May 1, 1:37am   19,388 views  266 comments

by Patrick   ➕follow (59)   💰tip   ignore  

Martian

Hi there,

I LIVE in southern CA, I’ve been reading these blogs and reports now for a few months.. AND I have to say that I have seen first hand the subprime types of loans and What type of people they are lending it to. What I mean by “first hand” is that I have friends, yes ,very good friends, that ARE illegal Aliens and they have gotten loans that I would NEVER have even considered… AND I made Alot more money than they do.. The sad thing is that before they got the loans, they informed me of their plan and I thought in my mind that ‘they will NEVER be qualified for one, because I know their alien status and I knew how little they made”… Guess what? I was wrong. On top of that, after they got the loan, I was the one that ‘read; it over for them to make sure that they understood what the monthly payments were gonna be and what type of loan they were getting in to. I advised them against it, BUT they ALL took the loans anyway.

So #1, I am caught in a very tough position. Yes, these are Very close friends of mine. I love them very much and I don’t judge them by their legal status, BUT I am so INFURIATED by our system that they would allow illegal aliens to get a loan to buy a home in the US whereas the real citizens (the legal, law abiding ones) get nailed for abiding by the lending guidlines and not taking on loans like these. #3, DON”T buy into this “its the low-income, hispanics, that Don’t understand english that are being taken advantage of… NO NO NO NO NO.. It is the other way around. THEY are taking advantage of our system and basically laughing all the way to the bank. And with the current ‘Bailout plan’ .. They seem like they will keep on laughing to the bank, because many o them will be ‘bailed out’..

What type of loans did they get?.. ALL of them 100% NO money down, stated income..and yes.. adjustable blah blah blah.

NOW how did they get these loans? Well on the loan documents their is one page that asks you if you are a permanent resident or a US citizen… And you know what?.. The bank or the loan officer just tell them to ‘MARK;’ the box that says that they are US citizen because then they will not ask to see proof. If you mark the box that says ‘permanent resident”, they will ask to see a copy of your green card, etc.. proof..
AND how did these illegal aliens get a VALID social security number so that you can check their credit history?… THEY BUY ONE. (How do I know?.. They tell me.. Remember we are very close friends.. I even know how much they pay for a good social security number..again.. they tell me ) Yes it IS ALL illegal.. ALL OF IT. SO all of you out there, I recommend you CHECK your credit reports Often.
You see its a WIN WIN situation for the illegals, because they got into the homes with NO MONEY down, they did it with a fake (bought) social security number… SO what’s the worse that can happen to them? Yes, they lose a home that they should not have been allowed to own AND their credit gets ruined.. OOPS.. NO not their credit.. Some other poor person’s credit gets ruined… ALL they have to do is BUY another Social Security NUMBER.. Do you GET the PICTURE yet???? AND the BEST that could happen to them if they took this NO RISK gamble… ?? Is that they WALK away with Hundreds of thousands of Dollars in Funny Real Estate Money.. So Can you BLAME These people for taking this OPPORTUNITY of a lifetime?

How do I know?.. Like I said I have VERY dear friends that are illegal aliens. AGain I love them very much. I don’t blame them for wanting to be in this country and doing whatever it takes to make it here.. ITS just a SHAME that our US govt. are NOT able to control nor protect its citizens. In fact , we are making being a citizen very unattractive when you see how much BENEFITS being and illegal has.

So PLEASE dont buy into the poor victim stories… They are NOT victims.. And please don’t blame the appraisers for it… A house will not be SOLD by they appraised value alone. You have to have a willing BUYER to pay the Price. We are being taken advantage and used and WE don’t even know it. Its just another strategy.. by whom.. I don’t know. But if I were them, I would be smiling too.. and telling ALL of my family members to HURRY and JET accross that border.. NO MATTER what it costs, CUZ life is REALLY good here in the US.

Huh, I could go on and on and on.. but I will stop here.. because we are talking specifically about real estate here.. AND frankly I’m tired.. tired of all this upside down mess. Do you know What the word ‘illegal’ means? Let me give you an example: It is illegal to murder someone.. What happens if you do?.. You go to jail for a long long time.. Another example. It is illegal drive past the speed limit.. If you are caught you PAY by getting a ticket…. get the picture?…

OK.. here WE are PAYING someone who has broken the law AND proposing other laws to bail them out.. in otherwords.. SUPPORT their illegal actions… Lord help us… What an UPSIDE down mess.

D.

#housing

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200   Randy H   2007 May 1, 11:42am  

Fair question for you, if all these people were sneaking in and out of the castles how do you know about them? I can’t really picture people bragging about it.

Fair question. I used to really be into this stuff. Much of the historical record from that period comes from various diaries and journals, as well as what execution records and other inventories were kept. Keep in mind that a functioning castle had all kinds of religious officials, military officials, royals, guilds and serfs. All of them had families. There were all kinds of agendas, internal alliances, and subterfuge.

Hell, more than a couple people were "snuck out" of the Tower of London.

Hell hell hell, there are more illegal drugs inside many US State and Federal prisons than there are in some medium sized suburbs.

My point is walls are antithetical to human nature. People always want to do stuff to circumvent barriers, even at great risk to their own freedom, health or even life. I imagine they always will, no matter how many of them you kill.

And the Great Wall of China didn't work so well. It had some success, but it didn't keep out any marauders. It just kept them from hauling too much booty back home from their raids.

201   Glen   2007 May 1, 11:42am  

Malcolm,

Would it be better if he was Mexican? Should only Mexicans be searched?

202   e   2007 May 1, 11:43am  

Is it just me, or is incremental fascism the order of the day?

So you're basically saying that we should allow terrorists to come and destroy us. We must end freedom to save freedom. Why do you hate our Freedom(TM)?

203   Malcolm   2007 May 1, 11:44am  

Uh, yes. Presumably the border patrol down here is not looking for illegal Canadians crossing in from Mexico.

204   Malcolm   2007 May 1, 11:45am  

And to add to that Glen, I have a small problem with ANYONE being searched without any cause whatsoever. Something about some 4th amendment thing.

205   requiem   2007 May 1, 11:49am  

Glen,

WRT point 3, working for lower wages, If the comparable wages for an immigrant back home is far lower than what we'd consider a "reasonable minimum wage" here, then you'll be left with another country exerting a strong downward pressure on our standards of living. I'd prefer to avoid that as much as possible.

I think there's a good argument for taking steps to engineer a better society in such countries. (Cutting off remittances would be a start, but I don't see an easy way off doing it, and there are some ethical arguments against encouraging revolutions by directly pressuring the poor.) There's also a national security interest, as violent crime from the various drug cartels is increasingly spilling over the border.

206   Malcolm   2007 May 1, 11:52am  

GC, I really think Peter has some good points about very liberal work visas.

207   HARM   2007 May 1, 11:57am  

I propose that fences are antithetical to human nature, and especially to American nature.

To this, I say:

"Good fences make good neighbors"
--Robert Frost

The completely open-borders policy might work great for two countries that are socioeconomically very similar, like U.S. and Canada, but is nuts for Mexico & the U.S. I do not view a boder fence as a magic 'silver bullet". Just a common sense measure that, along with other common-sense measures *can* make a difference (less welfare for illegals, consistent enforcement of immigration law, hard-to-fake employee IDs, penalties for employers, etc.). If we can afford to send XX thousand troops to Iraq for extended duty, then we can afford to do a better job of protecting our borders.

208   HARM   2007 May 1, 11:59am  

There are so many illegals doing menial jobs because the middle class America wants to live the life of the Vanderbilts. I am pretty sure if the average American family lives a frugal life, there won’t be any illegals in this country, because there won’t be any jobs for them.

Ahh... the old "they do the jobs Americans just won't do" canard. GC, exactly WHO do think did these jobs (back when they paid better wages) before our de-facto open borders policy went into full effect? Who does them NOW in places with low immigration rates (Australia, NZ)?

209   Malcolm   2007 May 1, 12:04pm  

And exactly 27 years ago we had the Cuban boatlifts. This is what I mean by politicizing illegal immigration. Some wetbacks are welcomed, some are not.

210   cb   2007 May 1, 12:06pm  

There are so many illegals doing menial jobs because the middle class America wants to live the life of the Vanderbilts. I am pretty sure if the average American family lives a frugal life, there won’t be any illegals in this country, because there won’t be any jobs for them.

If decent wages are paid, they will be filled by legal immigrants, there will be a supply of legal immigrants/part timers that will work in McDonalds, make up hotel rooms etc. Many of the fast food places wouldn't even hire anybody that is not a migrant (I see a lot of Spanish help wanted signs in Chinese restaurants).

211   Malcolm   2007 May 1, 12:07pm  

And for those of you in SF who think, immigration wasn't always a controversy here, please take a second to reflect on the history of China Town.

212   OO   2007 May 1, 12:07pm  

HARM,

Australia has a higher immigration rate than the US, the total quota for immigration is around 1% of the total population, each year. I don't think we get 30M new immigrants each year.

Australia's biggest advantage is, they are not bordered by any country. Canada is blessed in the same way, they only need to worry about American refugees :-)

213   cb   2007 May 1, 12:13pm  

Canada is blessed in the same way, they only need to worry about American refugees

There were a lot of Portuguese migrants working in Toronto in construction, many were deported and some advocated started rallies with slogans like "nobody is illegal". The problem I have with that is, if you say "nobody is illegal", then what do you do, open up to anyone and everyone that wants to come. It seems to be the immigrant advocate and the far-left's position is so extreme that it does not make any sense to me.

So if we allow all the illegal immigrants to become citizens, then by definition there are these jobs that no legal immigrants will do, then who's going to fill these jobs? There will be no fix if the employers are never penalized.

214   HeadSet   2007 May 1, 12:31pm  

"I think every American teenage ought to be sent to a third-world country to live for 2-5 years. Live just like the locals. No special positions, no stipends."

You know, the kids who did that may look back on it as the time of their lives. There is a bonding and sense of worth caused by such a struggle that would not come from persuing the flashiest car or ipod.

216   Allah   2007 May 1, 12:42pm  

oops! here is the link.

217   HeadSet   2007 May 1, 12:47pm  

Want to seal the border? Take a lesson from the pros.

Encourage Mexico to go "Peoples Republic" Then the new General Secretary and Politburo will effectively seal it airtight from the south side. Just like the DDR's anti-imperialist wall.

218   HeadSet   2007 May 1, 12:52pm  

Allah,

That is insane. If they quit handing out money, property priced will come down to affordable levels.

I believe that such programs are designed to keep house prices high, not create affordability for the "poor."

219   Allah   2007 May 1, 1:06pm  

Allah,

That is insane. If they quit handing out money, property priced will come down to affordable levels.

I believe that such programs are designed to keep house prices high, not create affordability for the “poor.”

Precisely! They are offering this to anyone who makes up to 30% more than the median income which means not just the poor...and that is why I wrote this.

Are they doing something like this on the west coast?

220   Ozman   2007 May 1, 1:16pm  


I worked in England for a summer and the visa form asked me to indicate my race. The choices were:

white
black
asian
irish

I kid you not. I felt like an Arab arriving at JFK.

Patrick

When I last arrived at SFO, the ICE official asked what my religion was.
I could not believe what I was hearing. This was a Filipino officer. I told him I did not see that question on the declaration form :)

221   HARM   2007 May 1, 1:18pm  

Australia has a higher immigration rate than the US, the total quota for immigration is around 1% of the total population, each year. I don’t think we get 30M new immigrants each year.

OO,

While the above may be true for each nation as a whole, immigration as a % of California's population would be much, much higher. CA, as a border state (and chief entry piont of choice from Mexico) absorbs a far greater share of immigrants, illegal and otherwise, than any other. I seriously doubt if ND or Montana gets a whole lot of immigration. And if you factor in children of illegals here (who automatically get citizenship), the numbers climb a lot higher.

https://www.cia.gov/cia/publications/factbook/

United States Net migration rate:
3.05 migrant(s)/1,000 population (2007 est.)

Australia Net migration rate:
3.78 migrant(s)/1,000 population (2007 est.)

Even if Lake Michigan has an average depth of 2 feet, you can still drown in the middle of it. Lies, damned lies and statistics...

222   HARM   2007 May 1, 1:21pm  

Actually, OO's figures were wrong. 30 million new immigrants would represent a +10% net migration rate, not a 1% rate.

223   HARM   2007 May 1, 1:23pm  

I think every American teenage ought to be sent to a third-world country to live for 2-5 years. Live just like the locals. No special positions, no stipends.

Excuse me, but when did anyone here say anything about life in other countries NOT being tough? Actually, that's part of the reason for not wanting completely open borders: most of us already here do not want the U.S. to become yet another Third World hellhole (just like the countires these people are trying to escape from).

224   Glen   2007 May 1, 1:29pm  

they laugh at America for allowing them to invade and breed like roaches while we pay the way.

I don't want to be the PC police, but that was a sickeningly racist comment.

225   Randy H   2007 May 1, 1:32pm  

Betty,

I am apparently the person who does NOT believe that they buy social security numbers.. which shows you didn't do me the respect of bothering to read what I actually wrote. Before offering me your blessings why not doing me the courtesy of reading before responding. I simply asked you to demonstrate *how* you know they actually bought these SSNs instead of one of the other less nefarious ways in which they may have obtained them, legal or illegal. Not all "borrowed" SSNs are cases of identity theft.

I've had my SSN and credit used in identity fraud also, by the way. About 2 years ago. And it had nothing to do with Mexicans or illegal immigrants. And moreover, it was a pain in the ass but ultimately cost me $0 and actually caused my credit to end up 10 pts higher than before it happened (perhaps coincidentally).

I had an uncle end up in an identity snafu too, which was much harder for him to shake. Somehow he got mixed up with someone else of the exact same name and somewhat similar SSN who'd defaulted on a mortgage. You know, that took him over a year to clear up, and cost him a couple thousand $ in lawyer fees to force resolution (and he filed a small claims action to recover the fees which was remanded to superior court, so he couldn't pursue that either).

226   danville woman   2007 May 1, 1:35pm  

Off Topic

Have been following a house in Alamo which is being sold by our previous realtor. It has been listed twice since last November at $2,699,000.

Price dropped to $2,399,000 last week. It is now only $400,000 over Zillow's zestimate.

What a deal !

227   Glen   2007 May 1, 1:38pm  

Actually, that’s part of the reason for not wanting completely open borders: most of us already here do not want the U.S. to become yet another Third World hellhole (just like the countires these people are trying to escape from).

It sounds like, basically, you just don't want to see any poor people. Better for them to be even poorer in their native country than come to the US and offend your sensibilities.

228   HARM   2007 May 1, 1:42pm  

Glen,

If you're so in favor of completely open borders, then why don't you welcome some of these fine folks into your house --and volunteer to feed, clothe, insure and employ them too, while you're at it.

229   Randy H   2007 May 1, 1:43pm  

HARM

Walls and secure borders are not the same thing. Many dissimilar countries have very secure borders yet don't build walls or fences.

Borders are porous. They always will be. The challenge is to secure that against critical, defensible threats, like from armies or surging mobs.

Building giant walls has, at best, a rapidly diminishing return on investment no matter how you measure it. I'm all for some of your other proposals, like holding employers accountable.

As an employer myself, I find it doubly criminal that other employers utilize illegals, which hurts honest employers as well as taxpaying society while they profit and smugly claim they're anti-illegal immigrant.

230   Glen   2007 May 1, 1:45pm  

HARM,

All else equal, if I were looking for a roommate, employee, or opportunity to do charity work, I would be just as likely to choose an immigrant as a US citizen. I fail to see why I shouldn't.

231   HARM   2007 May 1, 1:48pm  

For the record (before someone else puts more words in my mouth), I am not against all forms of immigration or for closing the borders, or for means-testing all immigrants. That's ridiculous. I would even be in favor of expanding current immigration quotas/limits, and allowing more work visas, if WE WOULD JUST START ENFORCING IMMIGRATION LAWS AND PUNISHING OFFENDERS.

232   HARM   2007 May 1, 1:53pm  

Glen,

Good for you. Problem is, when national immigration policy is based on weepy bleeding heart "oh, how sad, they're so poor" emotions, what you get is an uncontrollable and unassimilated flood of "diversity" along your border states, along with all the wonderful "benefits" it brings (poverty, high crime rate, lower wages, overwhelmed deteriorating infrastructure, high uninsured rates, diseases like TB that were once eradicated here, etc., etc.

233   HARM   2007 May 1, 1:59pm  

@Randy H,

Fair enough. I suspect that removing eligibility for welfare subsidies from illegals and a few well publicized cases of punishing employers would quickly "get the word out" and might just make building a wall unnecessary, or at least, a lot less necessary.

234   OO   2007 May 1, 2:00pm  

HARM,

you are right, I can't even do simple arithmetics. Still, I doubt if we get 3M net inflow. But you are right in pointing out that CA is the major receptor of all these immigrants (which is why I always think that the Pacific Northwest is a much nicer place).

I am not pro illegal immigration either, I earned my status and hope others to do the same. I am particularly against importing old parents into this country, even on a legal basis. Elderly parents have no reasons to be here unless they can entirely fund their own medicare and retirement. But I just think border control will never work.

We have to be smarter at it. One of the proposals I've been thinking is to provide subsidy to multi-national corporations if they outsource jobs to Mexico instead of China or India, because if China or India have employment problems, it is much harder for Chinese or Indians to get on a boat and set sail to America. We have more vested interest in keeping our backyard, Mexico, stable and fully employed at a decent wage than that of China or India.

The subsidy is just a redirection of public resources we would otherwise spend if these Mexican illegals come and stay.

235   Steveoh   2007 May 1, 2:19pm  

@ Malcolm

What can I say? Truth is stranger than fiction. ...shocking.
I read your site too. Bam!

236   Steveoh   2007 May 1, 2:22pm  

Oooops! I meant @Allah

What can I say? Truth is stranger than fiction. …shocking.
I read your site too. Bam!

237   HARM   2007 May 1, 2:39pm  

We have to be smarter at it. One of the proposals I’ve been thinking is to provide subsidy to multi-national corporations if they outsource jobs to Mexico instead of China or India, because if China or India have employment problems, it is much harder for Chinese or Indians to get on a boat and set sail to America. We have more vested interest in keeping our backyard, Mexico, stable and fully employed at a decent wage than that of China or India.

The subsidy is just a redirection of public resources we would otherwise spend if these Mexican illegals come and stay.

Ha ha --now there's some out-of-the-box thinking. And not a bad idea at that.

238   Malcolm   2007 May 1, 2:57pm  

Well NAFTA was supposed to be that subsidy by removing trade tarrifs.

239   Malcolm   2007 May 1, 3:03pm  

The corruption in Mexico is so bad you almost would rather deal with China. They at least speak English, but their government actively is promoting commerce and growth. The Mexican government is more like dealing with the mafia. Every single thing is a shakedown to those buggers. The whole culture is screwed up to where you would rather say forget it. When I was starting out in life, I worked for a company which made dog leashes and we had a little maquiladora. It was a joke, my boss told me all kinds of stories about every semi official with a badge coming by for their payoff. He just made up a name of someone who sounded important like Mr Castanza and said that would sometimes keep them in check. I can't figure out how the whole country hasn't collapsed, I know it is on the verge.

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