That is the long-term goal... CA is counting on this round of illegals to not be able to make the payment when there is an economic downturn (or they get deported by the Feds or want to go back to their own countries, etc). Then, once CA owns the home, they'll let the illegals live there in a government controlled housing set up.
Meanwhile, the short term goal is likely to lower wages for Americans. These are loans with no interest and down payment provided, which means their mortgage payment is lower than an Americans, which means they can take lower wages and survive (at least for a while).
So they basically give them the down payment. But how does the illegal alien qualify for a mortgage? Especially in California!
The goal is for the illegals to default so the state has to repossess the property. It is a backdoor way of seizing the homes.
They will seize them but allow them to live there. This will get them into the suburbs
That is the long-term goal... CA is counting on this round of illegals to not be able to make the payment when there is an economic downturn (or they get deported by the Feds or want to go back to their own countries, etc). Then, once CA owns the home, they'll let the illegals live there in a government controlled housing set up.
Meanwhile, the short term goal is likely to lower wages for Americans. These are loans with no interest and down payment provided, which means their mortgage payment is lower than an Americans, which means they can take lower wages and survive (at least for a while).
And they can afford homes in nice neighborhoods. Then they will go tinshit. WTF. We will be at war or slaves