Toddsterpatriot
Diamond Member
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!