Sure but they shared the 20% purchase of the home too. Simply if you don't want to own or go into more debt, simply rent until you can afford to buy a house outright without a loan. No one is forcing anyone to partake. It's not the first time a similar program existed.
How is this fair? My parents own a home... With a mortgage almost the cost of the home... I'm getting nothing. Just because yur parents own a home, doesn't mean your any better off than someone whose parents don't.
What if you never sell the home? What if you turn the home into a rental and never sell? What if you put the home in a trust and transfer ownership that way?
Yep Habitat for Humanity makes it clear your not allowed to rent and if you sell you have to sell back to them first at a price not above market blah blah rules rules
They won’t be able to even pay the property taxes which are more than their current rents these legislators are so out of touch , Ca will own 20 % of your home and take it back
And you still won't when you got to try and sell your house I mean their house...... Read my post below ........ Don't allow the government to ruin your life
This will make it even harder for people who are working hard and saving hard to enter the market as it will push prices even higher in the barely affordable market segment as every form of subsidy and taxpayer funded handout does. Sheer madness.
Do you mean the state having equity in the property undermines generational wealth? Cuz that is kind of true in a way, but becoming an owner should create more equity than the amount the state has.
I'm so sick of hearing about inclusion when it's actually excluding
Yes 🎉 its Excluding all the SMART people lol 😂 who won't fall for the governments trap
It sucks but it does make sense to help those with the least which is the point.
Lol the students who had all the school loans to pay back can now move on to the the next stage of their life....home loan
With 20%%%%% Equity take ALREADY by the government 😂😂😂
Sure but they shared the 20% purchase of the home too. Simply if you don't want to own or go into more debt, simply rent until you can afford to buy a house outright without a loan. No one is forcing anyone to partake. It's not the first time a similar program existed.
How is this fair? My parents own a home... With a mortgage almost the cost of the home... I'm getting nothing. Just because yur parents own a home, doesn't mean your any better off than someone whose parents don't.
This is for immigrants MOSTLY ............ They are Hoping they are dumb enough to fall for it .......... 🤷♀️
Right
Equity ?
That's kind of exactly what it means. You started with an advantage so if you can't get your own home then you fumbled your opportunities.
How is it a home for all when not everybody can apply I'm so sick of California
😂😂😂😂😂 They just want you to think that way its brain damaging ........ Read my post above .......
😂😂😂😂😂😂 Don't fall for the scam and manipulation plan....... Read my post above
What if you never sell the home? What if you turn the home into a rental and never sell? What if you put the home in a trust and transfer ownership that way?
😂😂😂😂😂😂😂😂😂😂 IM POSITIVE THE GOVERNMENT HAS ALREADY PUT THAT IN THE GUIDLINES STIPULATING YOU CANT DO THIS IN "FINE LINES"
Yep Habitat for Humanity makes it clear your not allowed to rent and if you sell you have to sell back to them first at a price not above market blah blah rules rules
Wait... so the state will get 20% of the appreciated value of the property? hmmm...
They won’t be able to even pay the property taxes which are more than their current rents these legislators are so out of touch , Ca will own 20 % of your home and take it back
They should name that as dream for the chosen instead, compliment of all tax payers.
😂😂😂😂😂 The chosen who didnt do their homework 1st !!!!! Read my post above 😂😂😂😂😂
We never learn from our past mistakes. We simply repeat them
At the time to pay back only pay principal or with interest or with the market appreciation
What if you are estranged from your parents?
Are they white?
😂😂😂😂 Don't fall for their trap ............ Read my post above
What if your parents are DEAD 😂
@@karelglasner2673they don't own a house if they're dead.
@@ju7062stop trying to regulate the comments. Go lay down someplace.
this is a good thing for us young people. we cant afford anything anyways
And you still won't when you got to try and sell your house I mean their house...... Read my post below ........ Don't allow the government to ruin your life
Excluding American born taxpayers that pay for this program, is insane.
What they are trying to do is trapped more buyers.
Prop 19 which took away Prop 13 made it impossible for parents to pass on a home to their kids it’s California it’s not doable at all
This will make it even harder for people who are working hard and saving hard to enter the market as it will push prices even higher in the barely affordable market segment as every form of subsidy and taxpayer funded handout does. Sheer madness.
And now illegal immigrants can apply. I'm not even kidding.
Sadly ........ That's exactly who their target is ........ Read my post above ........
And then, if they can’t pay, they run back to their country and this is the same thing that happened 20 years ago the same exact thing no paper loans
Oh I knew that program for BMR market homes
Lets guess who gets the money...rigged lottery..
😂😂😂😂😂😂 No worries friend ........ They are trying to manipulate ........ Read my post above 😂😂😂😂
Lol , so California taxpayers are in the lending business
ANOTHER NEWSOM SCAM
I believe this bill also allows undocumented to own homes.
Stop lying. Undocumented means without papers. How could an undocumented person enter into a contract?
Haters!
This is rigged!!
Sharing in equity undermines generational wealth
Truth!!!
Do you mean the state having equity in the property undermines generational wealth? Cuz that is kind of true in a way, but becoming an owner should create more equity than the amount the state has.