Source: Ludwig von Mises Institute
by Artis Shepherd
“In a recent interview with Bill Maher, Nancy Pelosi discussed a recently proposed California law — Assembly Bill 1840 — that aimed to provide taxpayer funds to first-time homebuyers regardless of immigration status. In defense of the proposed law, which was ultimately vetoed by California Governor Gavin Newsom, Pelosi stated that she wanted to help illegal [sic] immigrants achieve the ‘American Dream.’ Setting aside the insanity of compelling California taxpayers to fund home loans for illegal immigrants, homeownership is not the American Dream. Politicians propagate this myth, with the help of their crony partners in the banking and housing industries, because it gives government a handy excuse to further entrench itself in a $40 trillion industry, always accruing more power in the process.” (09/30/24)
https://mises.org/mises-wire/homeownership-not-american-dream