Cost of Illegal Immigration, By State

[Toddsterpatriot]

If they didn't, the hospital would not treat them for non-emergency / life threatening situations.


LOL! Prove it.
Add to that, if you don't pay the bill, the hospital sends the sheriff to your door

Juan gave a phony address.​

You obviously do not understand finance. We're not talking about deposits. We're talking about what banks own in assets on the books.

The bank doesn't own my home, they own the mortgage.

I agree that we need to spend American dollars on Americans.

Boot 11 million illegals and git 'er done!

The value of that house is holdings that the bank can loan money on, which generates more dollars into our economy.

Sorry, unless you borrow more on your house, the bank isn't lending more on it.
Your house could triple in price and it matters not one bit to your bank.

Son, I've been inviting people into my office for twenty years. As of today, not a swinging soul has taken me up on the offer. So, my saying it is proof enough. Disprove it.

You obviously do not understand banking. Your home, being held as collateral, is the holdings of that bank. If they are holding the mortgage on your home, they can use its value to loan out money.

So, my saying it is proof enough. Disprove it.

You want me to disprove your claim that illegal aliens go to the ER and pay in full? Seriously?

Your home, being held as collateral, is the holdings of that bank.

Yup. They hold the mortgage on my home. They lent me a portion of the value of the home and their loan is secured by that collateral.

If they are holding the mortgage on your home, they can use its value to loan out money.

Umm....they used the value of the home to determine how much to lend me.
They don't get to use my home to loan to someone else too.

You really need to go back to school and learn first how to read and secondly do a course or two in finance and banking.

I buy a $300,000 home with $60,000 down.
The bank lends me $240,000.

The value of my home increases to $400,000.
My loan is still $240,000.

Teach me your banking wisdom by explaining how the bank can suddenly lend more money.

Here is your lesson:

Using your example, if I bought that house for $300,000 and put $60,000 down, I owe the bank $240,000.

So, I hire the good old USDA approved, licensed, background checked, insured, bonded, Americans and invest another $20,000 in this home. It's value rises from $300,000 to $340,000. So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

I can take that same $20,000 and hire a cheaper crew, and the value of the home rises to $360,000 and I get more things done in the remodel job. I flip that home and that's another $20,000 the bank gets to loan out over the first crew's bid.

So, I have a house worth more money - more dollars in my pocket. The bank gets more money - more they can charge in interest. Now, here is what is wrong with your argument:

Your USDA approved, licensed, background checked, insured, bonded guy charges more and when he's paid, he is still paying his laborers the same as the guy who charged me less. Then the American contractor goes out and spends that profit he made on shit made in China, Japan, Korea, etc. There is no advantage for me or the bank to pay more for a remodel job given those parameters.

The best solution is for people to realize that an American contractor is not worth the wages you'd pay to a surgeon. If your surgeon screws up, it's your life. If the cheaper re modeler screws up, you sue in civil court and get the job finished or your money back. But, in no event does it make sense to cut a cheaper competitor out of the equation over human registration papers issued by a corrupt government.

Now, if the American contractor offers competitive bids, only spends his money with American companies selling made in America goods and pays his employees a realistic wage, I gladly and deliberately support him.

So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

I still own the home.
The bank can't lend more.

Thanks. LOL!

 

[Humorme]

#14's talking points are infested with contradictions.

1.) it's the undocumented foreigners who create jobs

3.) price of houses

The U.S. ID machine is faulty, whilst homeless vets are being murdered in the very city that symbolizes abjection, Las Vegas, or cannot vote because they lack an address, Eugene, Oregon..

The upswing is to create the dream inside the dispossessed and "houseless" with precisely the light at the end of the tunnel, not only in owning real estate but by access to education. Wisconsin's Conservation Corps, mimicking the model of the Civilian Conservation Corps, builds an internalized qualitas that is the lure for the undocumented immigrant. Obama's familial DNA ratios fail to suffice as credibility for creating DACA. What EO arrogance is this, coupled to petroleum addiction in such a perverse way?

I realize you are trying to insult me, but you will have to do so in English. Words strung together using English words does not equal a sentence.

There are no contradictions. A Mexican comes to town does handyman jobs that contractors won't touch because the homeowner is working for slave wages or is on disability, Socialist Security, etc. and cannot pay the exorbitant fees the contractor demands.

Now, the American CAN afford that new deck, the replacement window, etc. Home Depot sales go up; the Mexican buys a truck, gas, rents an apartment, etc.

The opportunity was there the whole time. Americans are just too damn lazy to be entrepreneurial enough to go get them. They want to clock in and out on a time clock for minimum wage and let big corporations do the thinking. The reality is, many people cannot afford the big corporations. You're making excuses for Americans to remain stupid and lazy.

 

[OnePercenter]

The wall should eventually pay for itself without Mexican help, making the map mostly redundant.

We don't need a new wall. Arrest, convict, and jail employers that knowingly hire illegals. Obama did, what about Trumpchange?

 

[Humorme]

Son, I've been inviting people into my office for twenty years. As of today, not a swinging soul has taken me up on the offer. So, my saying it is proof enough. Disprove it.

You obviously do not understand banking. Your home, being held as collateral, is the holdings of that bank. If they are holding the mortgage on your home, they can use its value to loan out money.

So, my saying it is proof enough. Disprove it.

You want me to disprove your claim that illegal aliens go to the ER and pay in full? Seriously?

Your home, being held as collateral, is the holdings of that bank.

Yup. They hold the mortgage on my home. They lent me a portion of the value of the home and their loan is secured by that collateral.

If they are holding the mortgage on your home, they can use its value to loan out money.

Umm....they used the value of the home to determine how much to lend me.
They don't get to use my home to loan to someone else too.

You really need to go back to school and learn first how to read and secondly do a course or two in finance and banking.

I buy a $300,000 home with $60,000 down.
The bank lends me $240,000.

The value of my home increases to $400,000.
My loan is still $240,000.

Teach me your banking wisdom by explaining how the bank can suddenly lend more money.

Here is your lesson:

Using your example, if I bought that house for $300,000 and put $60,000 down, I owe the bank $240,000.

So, I hire the good old USDA approved, licensed, background checked, insured, bonded, Americans and invest another $20,000 in this home. It's value rises from $300,000 to $340,000. So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

I can take that same $20,000 and hire a cheaper crew, and the value of the home rises to $360,000 and I get more things done in the remodel job. I flip that home and that's another $20,000 the bank gets to loan out over the first crew's bid.

So, I have a house worth more money - more dollars in my pocket. The bank gets more money - more they can charge in interest. Now, here is what is wrong with your argument:

Your USDA approved, licensed, background checked, insured, bonded guy charges more and when he's paid, he is still paying his laborers the same as the guy who charged me less. Then the American contractor goes out and spends that profit he made on shit made in China, Japan, Korea, etc. There is no advantage for me or the bank to pay more for a remodel job given those parameters.

The best solution is for people to realize that an American contractor is not worth the wages you'd pay to a surgeon. If your surgeon screws up, it's your life. If the cheaper re modeler screws up, you sue in civil court and get the job finished or your money back. But, in no event does it make sense to cut a cheaper competitor out of the equation over human registration papers issued by a corrupt government.

Now, if the American contractor offers competitive bids, only spends his money with American companies selling made in America goods and pays his employees a realistic wage, I gladly and deliberately support him.

So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

I still own the home.
The bank can't lend more.

Thanks. LOL!

If all I have is a $340,000 house that is all it is going to sell for... tops. a $360,000 will sell for more and the bank will make more when the house is flipped.

 

[Humorme]

The wall should eventually pay for itself without Mexican help, making the map mostly redundant.

We don't need a new wall. Arrest, convict, and jail employers that knowingly hire illegals. Obama did, what about Trumpchange?

Yeah right. Throw employers in jail. Tell them who they can and cannot hire. with the employer in jail, NO job exists and NO business is being generated. Makes sense to me... if you love socialism and stagnation.

 

[Toddsterpatriot]

So, my saying it is proof enough. Disprove it.

You want me to disprove your claim that illegal aliens go to the ER and pay in full? Seriously?

Your home, being held as collateral, is the holdings of that bank.

Yup. They hold the mortgage on my home. They lent me a portion of the value of the home and their loan is secured by that collateral.

If they are holding the mortgage on your home, they can use its value to loan out money.

Umm....they used the value of the home to determine how much to lend me.
They don't get to use my home to loan to someone else too.

You really need to go back to school and learn first how to read and secondly do a course or two in finance and banking.

I buy a $300,000 home with $60,000 down.
The bank lends me $240,000.

The value of my home increases to $400,000.
My loan is still $240,000.

Teach me your banking wisdom by explaining how the bank can suddenly lend more money.

Here is your lesson:

Using your example, if I bought that house for $300,000 and put $60,000 down, I owe the bank $240,000.

So, I hire the good old USDA approved, licensed, background checked, insured, bonded, Americans and invest another $20,000 in this home. It's value rises from $300,000 to $340,000. So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

I can take that same $20,000 and hire a cheaper crew, and the value of the home rises to $360,000 and I get more things done in the remodel job. I flip that home and that's another $20,000 the bank gets to loan out over the first crew's bid.

So, I have a house worth more money - more dollars in my pocket. The bank gets more money - more they can charge in interest. Now, here is what is wrong with your argument:

Your USDA approved, licensed, background checked, insured, bonded guy charges more and when he's paid, he is still paying his laborers the same as the guy who charged me less. Then the American contractor goes out and spends that profit he made on shit made in China, Japan, Korea, etc. There is no advantage for me or the bank to pay more for a remodel job given those parameters.

The best solution is for people to realize that an American contractor is not worth the wages you'd pay to a surgeon. If your surgeon screws up, it's your life. If the cheaper re modeler screws up, you sue in civil court and get the job finished or your money back. But, in no event does it make sense to cut a cheaper competitor out of the equation over human registration papers issued by a corrupt government.

Now, if the American contractor offers competitive bids, only spends his money with American companies selling made in America goods and pays his employees a realistic wage, I gladly and deliberately support him.

So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

I still own the home.
The bank can't lend more.

Thanks. LOL!

If all I have is a $340,000 house that is all it is going to sell for... tops. a $360,000 will sell for more and the bank will make more when the house is flipped.

You said the bank could lend more on the rising value of my home.
You were wrong. Just admit you never took that finance class.

 

[Toddsterpatriot]

There are two sides to every accounting ledger. Can you cite the figures for the credit side of the ledger on the issue of undocumented workers?

Well, they do pay a bit in sales taxes.

They also produce more work for less money - and employers are spared the expenses of health insurance and unemployment taxes.

Then, when the undocumented goes to the hospital for routine health care, they are charged more as a cash customer than the guy with insurance (whose insurance company negotiates charges.)

The biggest net gain I see is that if you pay a Mexican crew $10,000 for a home improvement job and save half, not only is your house going to be worth more (so your assets are much higher for each dollar spent), but the banks can loan out FOUR TIMES the amount on their books. So, your remodel job generated $40,000 worth of money to be loaned out and you only spent $10,000. Had you let an over-priced, USDA approved, background checked, insured, licensed, bonded, American do the job, it would have cost you twice as much, generated only half what the Mexican crew did to be loaned out by the bank... and worse... worse... all that capital that could have been generated by the Mexican crew is wasted on the American who takes his money, runs to the stores and blows it on crap made in China, Mexico, Japan, Korea, and Viet Nam.

And there is more...

Then, when the undocumented goes to the hospital for routine health care, they are charged more as a cash customer than the guy with insurance (whose insurance company negotiates charges.)

Charged more that they never pay. Bad for hospitals, right?

You're absolutely wrong about that. I made a living for a few years helping set up payment plans so that foreigners could pay their doctor bills at the hospital. If they didn't, the hospital would not treat them for non-emergency / life threatening situations.

Add to that, if you don't pay the bill, the hospital sends the sheriff to your door to deliver civil papers to sue. The last thing an undocumented foreigner wants to see is a cop at the door.

but the banks can loan out FOUR TIMES the amount on their books.

Banks lend out less than their deposits, not multiples of their deposits.

So, your remodel job generated $40,000 worth of money to be loaned out and you only spent $10,000.

That wouldn't generate anything, I didn't borrow $40,000 to spend $10,000.

You obviously do not understand finance. We're not talking about deposits. We're talking about what banks own in assets on the books.

As a homeowner, you can spend $10,000 and make your home worth up to $40,000 more in value OR you can hire an overpriced crew, pay $20,000 for the same job and your home will increase $40,000 in value. That's just life.

And there is more..

Yes, more spending on police, jails, bilingual teachers.

We need to boot the illegals. Spend American dollars on Americans.

I agree that we need to spend American dollars on Americans. That is why I hire the cheapest person who can do quality work to remodel my home. IF an American wants the job, they will apply for it and bid accordingly.

Then my assets belong to the bank (i.e. my home) until the cost of remodeling is paid off. The value of that house is holdings that the bank can loan money on, which generates more dollars into our economy.

SOME DAY somebody is going to wake up and realize that there is an abundance of jobs that a person with limited skills can get that pay $25 an hour for all the hours you want to work. You don't have to ship anyone anywhere in order to qualify for the job.

Get yourself a mode of transportation and instead of buying beer, pot, and tickets to concerts and sporting events, go to Home Depot and invest in some tools. Take their free classes and learn how to do something constructive. Then advertise in the lower rent neighborhoods to do handyman work. A few good jobs at a decent price and word spreads.

Once you master the trade, you can work in the higher end neighborhoods for more than twice what you were making two years earlier. It isn't rocket science. If you want a job, there are plenty - and they pay damn good.

Then my assets belong to the bank (i.e. my home) until the cost of remodeling is paid off. The value of that house is holdings that the bank can loan money on, which generates more dollars into our economy.

Still makes me chuckle.

 

[Liquid Reigns]

Son, I've been inviting people into my office for twenty years. As of today, not a swinging soul has taken me up on the offer. So, my saying it is proof enough. Disprove it.

In other words I have no proof. LMFAO
He has no "Office" and he has no legal credentials.

You obviously do not understand banking. Your home, being held as collateral, is the holdings of that bank. If they are holding the mortgage on your home, they can use its value to loan out money.

LMFAO The bank does not lend out money based on the value of your house. It is a ledger number that has no bearing on its loans. You have NO economic understanding. SMFH

 

[Liquid Reigns]

There is this big movement of sorts that think it's cool to yell and scream, demanding that we deport the so - called "illegals."

Few, if any, of these extremists stop to consider the costs of their actions.

1) From a purely economic standpoint, undocumented foreigners create jobs and stimulate the economy. That is why big business tolerates them

Now you are arguing against your first claim in this thread. SMFH

2) Just because a foreigner is deported does not mean that a job opening will exist. My father owned a business once and when they voted to go union, the old man shut his company down and moved on to greener pastures

Yet it just might mean that one would be open or that others may get a raise.

3) Deporting millions of people in the manner that the extremists want means that millions of homes and apartments will now be vacant. That will drive the price of houses down (something to think about when you own your own home) and then taxes have to go up. Government don't like laying off bureaucrats

Those millions of homes being vacated will be spread across the country or even the state itself, it will have very little effect for a short period.

4) The build the wall - deport 'em all advocates refuse at every opportunity to have a constructive discussion about the Rights and Liberties we're being asked to forfeit in order to accommodate this questionable extremism

What rights and liberties have you lost due to immigration law?

5) The build the wall - deport 'em all advocates refuse to acknowledge that an employer owns the job he / she creates. So, if the jobs belong to Americans, we have adopted National Socialism. I'm not in favor of it

And for that owner to own that job he must have the authorization of that society to create it and is limited to who may hold it. Welcome to society.

6) There are ways to resolve this issue without a wall; it won't require mass deportations; it would not require forfeiting our Liberties and Freedoms for the sake of appeasing misguided white supremacists and the legions of people they've duped that act without thinking

What rights and liberties have you lost due to immigration law?

7) Getting back to the OP, while there are "costs" to undocumented foreigners being here, there are also dollars to be put into the credit column of the ledger. All NON-PARTISAN studies conclude the costs v benefits ends in either a wash where it all balances out to the undocumented foreigners being a net benefit to the states.

No they don't, every economist out there will tell you the lower wages and they are a net cost to the locality/state/and federal govt.

Whether they stay or go is of no major concern of mine. But, if the extremists think they are going take a giant dump on my Rights and Liberties in the process, they are sorely mistaken.

I'll ask again: What rights and liberties have you lost due to immigration law?

 

[Liquid Reigns]

You really need to go back to school and learn first how to read and secondly do a course or two in finance and banking.

LMFAO at the shear stupidity you just displayed. I suggest you go to your local community college and take a basic economics course. SMFH

 

[Liquid Reigns]

Here is your lesson:

Using your example, if I bought that house for $300,000 and put $60,000 down, I owe the bank $240,000.

So, I hire the good old USDA approved, licensed, background checked, insured, bonded, Americans and invest another $20,000 in this home. It's value rises from $300,000 to $340,000. So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

The bank doesn't loan out based on the homes value or it being an asset, it is nothing more than a ledger number, used for other things at the bank.

I can take that same $20,000 and hire a cheaper crew, and the value of the home rises to $360,000 and I get more things done in the remodel job. I flip that home and that's another $20,000 the bank gets to loan out over the first crew's bid.

So it boils down to what you have to pay out. How can a cheaper crew increase the value of the home? SMFH

So, I have a house worth more money - more dollars in my pocket. The bank gets more money - more they can charge in interest. Now, here is what is wrong with your argument:

The bank only gets the money from your payment on what it loaned to you, the asset value of your house has no bearing on bank loans to others. SMFH

Your USDA approved, licensed, background checked, insured, bonded guy charges more and when he's paid, he is still paying his laborers the same as the guy who charged me less. Then the American contractor goes out and spends that profit he made on shit made in China, Japan, Korea, etc. There is no advantage for me or the bank to pay more for a remodel job given those parameters.

Thats all assumption.

The best solution is for people to realize that an American contractor is not worth the wages you'd pay to a surgeon. If your surgeon screws up, it's your life. If the cheaper re modeler screws up, you sue in civil court and get the job finished or your money back. But, in no event does it make sense to cut a cheaper competitor out of the equation over human registration papers issued by a corrupt government.

Again, it falls back to you merely wanting the lowest bid, whether they are a legal company or a fly by night scab. You always get what you pay for. food4thought

Now, if the American contractor offers competitive bids, only spends his money with American companies selling made in America goods and pays his employees a realistic wage, I gladly and deliberately support him.

But you won't hire him because he was not the cheapest. You speak with forked tongue.

 

[Liquid Reigns]

I realize you are trying to insult me, but you will have to do so in English. Words strung together using English words does not equal a sentence.

There are no contradictions. A Mexican comes to town does handyman jobs that contractors won't touch because the homeowner is working for slave wages or is on disability, Socialist Security, etc. and cannot pay the exorbitant fees the contractor demands.

The contractor isn't demanding anything, he is working with overhead and costs that are figured into the bid along with a profit margin. Maybe the homeowner should go take those classes at Home Depot you talked about earlier and do the job themselves. imjusayn

Now, the American CAN afford that new deck, the replacement window, etc. Home Depot sales go up; the Mexican buys a truck, gas, rents an apartment, etc.

The Mexican needs to go back to Mexico and re-enter the US legally, for which he may then have the opportunity to get work authorization in the US and do just that, until then he has no business doing it.

The opportunity was there the whole time. Americans are just too damn lazy to be entrepreneurial enough to go get them. They want to clock in and out on a time clock for minimum wage and let big corporations do the thinking. The reality is, many people cannot afford the big corporations. You're making excuses for Americans to remain stupid and lazy.

Calling Americans lazy because you refuse to pay for an actual business to work for you is hilarious, you choose to scab out the work and then claim your Liberties are infringed because you can't hire just ol'anybody.

 

[Liquid Reigns]

The wall should eventually pay for itself without Mexican help, making the map mostly redundant.

We don't need a new wall. Arrest, convict, and jail employers that knowingly hire illegals. Obama did, what about Trumpchange?

What employers did Obama jail?

 

[Liquid Reigns]

So, my saying it is proof enough. Disprove it.

You want me to disprove your claim that illegal aliens go to the ER and pay in full? Seriously?

Your home, being held as collateral, is the holdings of that bank.

Yup. They hold the mortgage on my home. They lent me a portion of the value of the home and their loan is secured by that collateral.

If they are holding the mortgage on your home, they can use its value to loan out money.

Umm....they used the value of the home to determine how much to lend me.
They don't get to use my home to loan to someone else too.

You really need to go back to school and learn first how to read and secondly do a course or two in finance and banking.

I buy a $300,000 home with $60,000 down.
The bank lends me $240,000.

The value of my home increases to $400,000.
My loan is still $240,000.

Teach me your banking wisdom by explaining how the bank can suddenly lend more money.

Here is your lesson:

Using your example, if I bought that house for $300,000 and put $60,000 down, I owe the bank $240,000.

So, I hire the good old USDA approved, licensed, background checked, insured, bonded, Americans and invest another $20,000 in this home. It's value rises from $300,000 to $340,000. So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

I can take that same $20,000 and hire a cheaper crew, and the value of the home rises to $360,000 and I get more things done in the remodel job. I flip that home and that's another $20,000 the bank gets to loan out over the first crew's bid.

So, I have a house worth more money - more dollars in my pocket. The bank gets more money - more they can charge in interest. Now, here is what is wrong with your argument:

Your USDA approved, licensed, background checked, insured, bonded guy charges more and when he's paid, he is still paying his laborers the same as the guy who charged me less. Then the American contractor goes out and spends that profit he made on shit made in China, Japan, Korea, etc. There is no advantage for me or the bank to pay more for a remodel job given those parameters.

The best solution is for people to realize that an American contractor is not worth the wages you'd pay to a surgeon. If your surgeon screws up, it's your life. If the cheaper re modeler screws up, you sue in civil court and get the job finished or your money back. But, in no event does it make sense to cut a cheaper competitor out of the equation over human registration papers issued by a corrupt government.

Now, if the American contractor offers competitive bids, only spends his money with American companies selling made in America goods and pays his employees a realistic wage, I gladly and deliberately support him.

So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

I still own the home.
The bank can't lend more.

Thanks. LOL!

If all I have is a $340,000 house that is all it is going to sell for... tops. a $360,000 will sell for more and the bank will make more when the house is flipped.

The bank doesn't make anything on your house at either value, it is nothing more than a ledger item and has no bearing on handing out loans.

 

[OnePercenter]

The wall should eventually pay for itself without Mexican help, making the map mostly redundant.

We don't need a new wall. Arrest, convict, and jail employers that knowingly hire illegals. Obama did, what about Trumpchange?

What employers did Obama jail?

Here's two links.

Obama

Obama Administration Cracks Down on Illegal Immigrants’ Employers

Trumpchange

Trump's crackdown focuses on people in the U.S. illegally – but not on the businesses that hire them

 

[OnePercenter]

You really need to go back to school and learn first how to read and secondly do a course or two in finance and banking.

I buy a $300,000 home with $60,000 down.
The bank lends me $240,000.

The value of my home increases to $400,000.
My loan is still $240,000.

Teach me your banking wisdom by explaining how the bank can suddenly lend more money.

Here is your lesson:

Using your example, if I bought that house for $300,000 and put $60,000 down, I owe the bank $240,000.

So, I hire the good old USDA approved, licensed, background checked, insured, bonded, Americans and invest another $20,000 in this home. It's value rises from $300,000 to $340,000. So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

I can take that same $20,000 and hire a cheaper crew, and the value of the home rises to $360,000 and I get more things done in the remodel job. I flip that home and that's another $20,000 the bank gets to loan out over the first crew's bid.

So, I have a house worth more money - more dollars in my pocket. The bank gets more money - more they can charge in interest. Now, here is what is wrong with your argument:

Your USDA approved, licensed, background checked, insured, bonded guy charges more and when he's paid, he is still paying his laborers the same as the guy who charged me less. Then the American contractor goes out and spends that profit he made on shit made in China, Japan, Korea, etc. There is no advantage for me or the bank to pay more for a remodel job given those parameters.

The best solution is for people to realize that an American contractor is not worth the wages you'd pay to a surgeon. If your surgeon screws up, it's your life. If the cheaper re modeler screws up, you sue in civil court and get the job finished or your money back. But, in no event does it make sense to cut a cheaper competitor out of the equation over human registration papers issued by a corrupt government.

Now, if the American contractor offers competitive bids, only spends his money with American companies selling made in America goods and pays his employees a realistic wage, I gladly and deliberately support him.

So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

I still own the home.
The bank can't lend more.

Thanks. LOL!

If all I have is a $340,000 house that is all it is going to sell for... tops. a $360,000 will sell for more and the bank will make more when the house is flipped.

The bank doesn't make anything on your house at either value, it is nothing more than a ledger item and has no bearing on handing out loans.

Not so.

Read this very carefully

Behind The Scenes Of Your Mortgage

A Beginner's Guide to Hedging

 

[Toddsterpatriot]

I buy a $300,000 home with $60,000 down.
The bank lends me $240,000.

The value of my home increases to $400,000.
My loan is still $240,000.

Teach me your banking wisdom by explaining how the bank can suddenly lend more money.

Here is your lesson:

Using your example, if I bought that house for $300,000 and put $60,000 down, I owe the bank $240,000.

So, I hire the good old USDA approved, licensed, background checked, insured, bonded, Americans and invest another $20,000 in this home. It's value rises from $300,000 to $340,000. So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

I can take that same $20,000 and hire a cheaper crew, and the value of the home rises to $360,000 and I get more things done in the remodel job. I flip that home and that's another $20,000 the bank gets to loan out over the first crew's bid.

So, I have a house worth more money - more dollars in my pocket. The bank gets more money - more they can charge in interest. Now, here is what is wrong with your argument:

Your USDA approved, licensed, background checked, insured, bonded guy charges more and when he's paid, he is still paying his laborers the same as the guy who charged me less. Then the American contractor goes out and spends that profit he made on shit made in China, Japan, Korea, etc. There is no advantage for me or the bank to pay more for a remodel job given those parameters.

The best solution is for people to realize that an American contractor is not worth the wages you'd pay to a surgeon. If your surgeon screws up, it's your life. If the cheaper re modeler screws up, you sue in civil court and get the job finished or your money back. But, in no event does it make sense to cut a cheaper competitor out of the equation over human registration papers issued by a corrupt government.

Now, if the American contractor offers competitive bids, only spends his money with American companies selling made in America goods and pays his employees a realistic wage, I gladly and deliberately support him.

So, when the home is flipped, it is worth more money and the bank loans out more since they are now holding more in assets.

I still own the home.
The bank can't lend more.

Thanks. LOL!

If all I have is a $340,000 house that is all it is going to sell for... tops. a $360,000 will sell for more and the bank will make more when the house is flipped.

The bank doesn't make anything on your house at either value, it is nothing more than a ledger item and has no bearing on handing out loans.

Not so.

Read this very carefully

Behind The Scenes Of Your Mortgage

A Beginner's Guide to Hedging

Those links did nothing to back humorme's silly claim.

 

[Vandalshandle]

Well, if is says so in the Federalist Papers Project, blog, it must be true! I depend on them for all my extremist RW rants!

 

[Toddsterpatriot]

Well, if is says so in the Federalist Papers Project, blog, it must be true! I depend on them for all my extremist RW rants!

Do you think the parents of the "Dreamers" paid enough taxes to cover the cost of their schooling?

 

[Liquid Reigns]

The wall should eventually pay for itself without Mexican help, making the map mostly redundant.

We don't need a new wall. Arrest, convict, and jail employers that knowingly hire illegals. Obama did, what about Trumpchange?

What employers did Obama jail?

Here's two links.

Obama

Obama Administration Cracks Down on Illegal Immigrants’ Employers

Trumpchange

Trump's crackdown focuses on people in the U.S. illegally – but not on the businesses that hire them

Your first link was due to tax fraud via the IRS, where in illegals were the secondary concern.

I don't care what your second link says about Trump. It then goes on to state:

To avoid sanctions, all employers have to do is to make certain that, as the law states, an employee's paperwork "reasonably appears on its face to be genuine." The employer also must attest that they made a good-faith effort to verify the eligibility of the employee by completing a document known as an I-9 form.

Simply employing someone who lives in the U.S. illegally isn't enough to incur a violation.

"This made it difficult to prosecute cases," Brownell said.