BigRobSA said:

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TAMU1990 said:

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The Biden administration was basically giving free houses to Indians.

THEY. WERE. GIVING. FREE. HOUSES. TO. INDIANS.

Trump cut the cord. The sudden wave of homes for sale in the Dallas area is likely Indians who suddenly found themselves underwater on their mortgages. https://t.co/zivNGPLQ2X

— Matt Forney (@mattforney) May 13, 2026

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It's only fair after giving them AIDS blankets and getting them addicted to fire water.

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Should be teepees not houses anyways. How I knew it was fake news.

I bought my first house in 2010 when I was 24 years old with an FHA loan.

-Very low down payment (I think I paid 5%, but it could have gone lower to 3.5%)
-PMI is not dismissible unless you refi into a conventional loan and you typically pay a higher amount in monthly premiums to compensate for the default risk (I think this has changed since 2010, In 2010 if I could prove >78% LTV, I could still dismiss, but this was later removed).
-My credit was good, but I didn't have the scratch for the down payment at the time after being 2 yrs out of school and having paid for my wedding.

This was also just 2 years after the sub-prime mortgage market collapse.

I eventually sold that home in 2014 and purchased a larger house for our growing family and it was a conventional loan, so I became a normie, but it certainly begs the question -- this program was developed in 1934, after the Great Depression -- should this program have only been available to natural born citizens?

I guess that's where the debate actually is. If foreign-born people were eligible for this program, why? And if they were and took advantage of that, then peace. They took advantage of what they could have which is what any normal person would do, and there are certainly realtors who know the law who would present home ownership in this way, as anyone who wants to make money would.

My realtor at the time, who was a real battle axe, tried to get me into Hutto homes because they qualified for USDA loan which would have been 0% down, no PMI, and only in certain areas and income statuses (which we were because me and my spouse were still establishing with her in school) but at that time we declined because we wanted to live where we wanted to live.

I wouldn't believe the top headline, there are certainly unqualified H1-B people that are here due to fraud, but if people purchased homes under terms that the law allowed and paid their obligation, that's just a prudent thing to do.

Capt. Augustus McCrae said:

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I work for a national home builder in North DFW and I can say at least 50% of our buyers are still Indians. Biden may have created that one program, but the problem still very much exists.

How can a first generation American who has been in the US less than 10 years accrue enough wealth to buy $450-500k homes. Often times these are 2nd homes for these people. Americans take 10-20 years to save enough for a home that costs a fraction of that.

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I know a guy who married a lady whose family is still in Vietnam. When they got married her parents bought a house for them as a wedding gift. I wouldn't be shocked to find out that Indian parents do something similar when their children get married. Asians and Indians also frequently have two or three generations living in the same home. Combining their resources probably helps quite a bit with paying the mortgage.

Sq 17 said:

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TAMU1990 said:

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Kvetch said:

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That doesn't make the house free. It makes it more expensive. Why would ending that program entice those who already have loans to sell?

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They are in houses they can't afford

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Well you can't say the "They aren't assimilating". Nothing more American than more house than the owner can afford

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I was older than I want to admit when I learned that not everyone views their homes as equity. Several countries don't such as Germany or Japan. I can't even imagine a world where the common American Joe can view a house simply as just an actual domicile and not part of their wealth portfolio.

I'm not saying those countries have the right of it but it is super intriguing to see others with such different approaches to wealth and what they can afford.

AggieVictor10 said:

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At some point, conservative white men will be a minority. Will they get DEI assistance/attention?

Will they even want it?

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I think they will be deported to Africa. And the cycle starts again....

FHA loans are more expensive, not less.

As already stated, you have both MIP and UFMP insurance premiums. Conventional only has PMI is you finance more than 80% of the value of the home.

The rates are typically higher than conventional as well. It's more forgiving with credit scores, but you pay for with the rate and DP.

You're financing more, at a higher rate, and paying two insurance premiums - and still have to qualify for the house like anyone else does. They probably either didn't want to put more down or were unable to go conventional financing.

There will be a deluge of houses in the immigrant-rich cities of San Francisco Bay Area, Seattle, Atlanta, Dallas and a few others. The areas which have a lot of tech jobs that these people have captured.

Once the ICE crackdown begins, these folks won't want to stay and go to jail, they will decamp as soon as possible and go back to India leaving houses as they are.

House prices in these cities will crash. If you are looking for a house, keep your cash warm.

Kvetch said:

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TAMU1990 said:

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Kvetch said:

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That doesn't make the house free. It makes it more expensive. Why would ending that program entice those who already have loans to sell?

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They are in houses they can't afford

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If they could afford them yesterday, why can't they today? Nothing has changed for those that already owned them.

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If you owned a house that cost $4,500 a month all in when it came to mortgage, taxes, HOA, lawncare, and maintenance, and you could rent a similar house across the street for $3,000 a month, would you do it if:

1) You had negative equity in the house, the mortgages on the house totaled $750k, but the house was worth $650k?

How about:

2) If you had $50k equity in the house, you bought it for $750k with $150k down?


Question 1: Which of the above two situations would you be more likely to walk away from, and why?

Question 2: Why is this economic question so hard for people to understand?

My son and his wife are looking to buy in Allen or Plano. Maybe this will help them find a place.

It's negative equity that's the kicker.

Many people in 2008 faced this - my house is now only worth $300,000 but I owe $400,000 on it. I can just walk away and rent for less.

Sure, credit gets wrecked, but whatever.

as someone moving to Dallas to be closer to my parents for a bit-

the price of AIRBNB and furnished business rentals in Dallas is INSANE

literally more expensive than DC and along the beach in Florida on Zillow and Airbnb.

I know this for a fact because I look nearly every day.

over $3100 a month for a one bedroom near SMU that I booked for two months!!

OMG a financed invasion courtesy of the dems.
Seriously people who democrat, how do you justify it?

BlueSmoke said:

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FHA loans are more expensive, not less.

As already stated, you have both MIP and UFMP insurance premiums. Conventional only has PMI is you finance more than 80% of the value of the home.

The rates are typically higher than conventional as well. It's more forgiving with credit scores, but you pay for with the rate and DP.

You're financing more, at a higher rate, and paying two insurance premiums - and still have to qualify for the house like anyone else does. They probably either didn't want to put more down or were unable to go conventional financing.

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It was their only available option often, though. The May 2025 policy is having the intended impact of decreasing H1B holders (and other non-permanent residents) from continuing their housing invasion, imho, leftist tears in the media to the side. October Newsweek piece:

Quote:

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Unable to access FHA loans, non-permanent residents now have to rely on other options, including conventional loans, which the federal government does not guarantee. These, however, require a good credit score, which many might not have, along with other requirements such as U.S. income and employment documents.

"Non-permanent residents can still use conventional financing to secure a mortgage," Thomas said. "However, FHA financing is often used because of its more lenient underwriting requirements. NPR borrowers who are now locked out of FHA loans may not be able to qualify for conventional loans, and we have seen a dip in overall volume of mortgages going to non-permanent residents over the last several months."

The strictness of these requirements shows that the Trump administration's new policies, combined with the current high cost of home-buying, have severely hindered non-permanent residents' ability to step onto the property ladder, according to the latest data.

According to Finnigan, the FHA's ban on lending to H-1B visa holders and other non-permanent residents in May is squeezing "entry-level home-buying in some key housing markets already dealing with weak sales & too much supply," as he wrote on X.

It is also making it less appealing for H-1B visa holders to be in the U.S., especially after Trump issued a presidential proclamation last month creating a $100,000 application fee for the visa.

...(liberal reporter tears here)

Thomas told Newsweek that at the national level, the impact of the ban on non-permanent residents is relatively small. "Non-permanent residents made up just 4 percent of FHA loan volume in 2024, and were historically just 2-3 percent of FHA loan volume," he said.

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Should be zero. Make them get a good-enough credit score to use a non-FHA loan if they want to buy a mcmansion in North Texas; that's great policy, imho, along with the $100K fee for a H1B visa. Otherwise, rent/deal with apartment living. I can tell anyone who cares, non-permanent residents make up a heck of a lot more than 4 percent of Frisco residents in homes.

ts5641 said:

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OMG a financed invasion courtesy of the dems.
Seriously people who democrat, how do you justify it?

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It's a feature for them, not a bug.

If you look up toward Addison it's a lot cheaper than the park cities. Heck, Las Colinas too.

nortex97 said:

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If you look up toward Addison it's a lot cheaper than the park cities. Heck, Las Colinas too.

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Fair Park area much much cheaper and you can ride the DART straight to SMU Campus. LMCane just likes to live the high life.

TAMUallen said:

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All I have to say is that it shocked me seeing the number of Indian establishments in The Colony recently. I knew it was happening but wasnt aware it meant you could find something Indian every 40 yards

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Welcome to Allen Texas!

down the street from my parents house in a 55+ community

nortex97 said:

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If you look up toward Addison it's a lot cheaper than the park cities. Heck, Las Colinas too.

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the law firm is in downtown Dallas

and I already hate driving for 25 minutes each way in solid traffic on I-270 in Maryland

why would I change that for an even longer traffic commute in Dallas?

point being it's insane how expensive crappy houses on Airbnb are all around Dallas and it has to be because of so many business travelers and H1B and immigrants

because there are NOT more regular tourists to Dallas than to Orlando, south Florida, DC or Nashville

Computer Science masters degrees?

They are looking to Mecca.
The ones looking to the west are looking at Meccca-lecca-hi-Mecca-chonni-ho.

If we put ourselves in 3-dimension, most Americans look down on Mecca. Just sayin.

Using 2D to pray in a certain direction is very flat earthed of the enlightened Islamic scholars.

Eliminatus said:

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Sq 17 said:

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TAMU1990 said:

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Kvetch said:

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That doesn't make the house free. It makes it more expensive. Why would ending that program entice those who already have loans to sell?

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They are in houses they can't afford

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Well you can't say the "They aren't assimilating". Nothing more American than more house than the owner can afford

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I was older than I want to admit when I learned that not everyone views their homes as equity. Several countries don't such as Germany or Japan. I can't even imagine a world where the common American Joe can view a house simply as just an actual domicile and not part of their wealth portfolio.

I'm not saying those countries have the right of it but it is super intriguing to see others with such different approaches to wealth and what they can afford.

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FWIW, we don't consider our house (paid cash ~15 yrs ago) as part of our portfolio/net worth. And that's with ~$3-400K of appreciation. We do allocate a yearly budget for updates/maintenance and of course taxes.

If a disaster/age requires our selling, then the replacement will be much more expensive than our current house, assuming we are not at Fort Sam Houston.

In short, counting your house at our age as an asset is likely to lead to overestimating your future net worth.

I talk a lot about Collin County

Her neighbor, Denton County, is also experiencing a massive flood of supply

Pictured here is Aubrey, TX

What’s interesting about Aubrey: The median sale price is ~$350,000. The median size is 2000 sq. ft

These are not unaffordable homes pic.twitter.com/v08ySXA5Wa

— Amy Nixon (@texasrunnerDFW) May 14, 2026

Listings are up 6.4% from the previous year at this time.
You're not very good at this.

Hopefully they saved themselves the trouble of building bathrooms inside the house. They're just going to all sh*t out in the yard and street.

HTownAg98 said:

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Listings are up 6.4% from the previous year at this time.
You're not very good at this.

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People are selling to move on up with the record tax refunds and no tax on tips.

Robson Ranch and Del Webb selling out with no tax on social security.

People need not be looking g for bogeyman all day long g.

TAMU1990 said:

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We basically did NINJA loans again but this time with non-US citizens

Many homebuilders, such as Bloomfield Homes in Celina, TX offered access to FHA loans for H-1B visa holders through their preferred lenders until May of 2025, when Trump had HUD shut these lending practices… pic.twitter.com/39UOJ9Pdw4

— Amy Nixon (@texasrunnerDFW) May 13, 2026

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No income restrictions doesn't mean no income validation. It means there's no upper or lower limit imposed on a borrower based upon how much they make. In other words there's no rule that says "You must make $75,000 to qualify for a loan" or "You cannot make more than $300,000 to qualify for a loan."

The limit on qualification is imposed through DTI calculations. FHA and conventional loans still required proof of income and verification of employment for new home purchases.

infinity ag said:

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There will be a deluge of houses in the immigrant-rich cities of San Francisco Bay Area, Seattle, Atlanta, Dallas and a few others. The areas which have a lot of tech jobs that these people have captured.

Once the ICE crackdown begins, these folks won't want to stay and go to jail, they will decamp as soon as possible and go back to India leaving houses as they are.

House prices in these cities will crash. If you are looking for a house, keep your cash warm.

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Dream scenario.

Quote:

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over $3100 a month for a one bedroom near SMU that I booked for two months!!

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Well there's your problem. You booked in UP/HP neighborhood.

Driven through Aubrey and don't see the why anyone that works in North Dallas would want to live there. The traffic is horrendous with the major roads under construction.

Kvetch said:

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TAMU1990 said:

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Kvetch said:

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That doesn't make the house free. It makes it more expensive. Why would ending that program entice those who already have loans to sell?

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They are in houses they can't afford

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If they could afford them yesterday, why can't they today? Nothing has changed for those that already owned them.

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I'd gladly pay you Tuesday for a hamburger today.

Home foreclosures in the US are already up 26% over last year. Not sure if I'm ready to call that a crash, but there is a massive market Correction coming.

Maroon Elephant said:

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Home foreclosures in the US are already up 26% over last year. Not sure if I'm ready to call that a crash, but there is a massive market Correction coming.

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Still historically low and foreclosure increases are being viewed as "normalizing" not spiking. And when you start with a low number the percentages are high when you increase though the absolute value may not be historically high or even notable.

I have not heard of anyone in the industry predicting a massive market corrections. Still way too underhoused in the US for that.

Maroon Elephant said:

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Home foreclosures in the US are already up 26% over last year. Not sure if I'm ready to call that a crash, but there is a massive market Correction coming.

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It's a good good economy right now, slightly higher gas prices notwithstanding.

flown-the-coop said:

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Those are East Indians.

West Indians face west.

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Did the Horn dude hijack coop's account