California's Housing Loans and Economic Impact

California has approved $150,000 loans for illegal migrants to purchase homes without any repayment until the house is sold. This arrangement raises concerns about housing affordability, as it mirrors issues witnessed in higher education subsidies that have inflated university costs. Critics argue that these programs disproportionately benefits home sellers at the expense of taxpayers, while also exacerbating ongoing housing price increases. Many speculate that this influx of buyers, unburdened by traditional credit checks, could lead to a repeat of past housing crises, particularly if market conditions decline.