> the Department of Housing and Urban Development announced that non-permanent residents ... would no longer be eligible for mortgages insured by the Federal Housing Administration (FHA)
> The reason why the number of FHA loans going to non-permanent residents has dropped in recent months, according to Thomas, is mostly that they are not buying anymore.
What? No, the reason why the number of FHA loans going to non-permanent residents has dropped is that they are not eligible for them. It literally says so at the beginning of the article.
This is even before the HIRE Act.
rurban•1h ago
lttlrck•1h ago
I bought a house while on H1B in 2014.
If the climate was like it is now back then, I would have waited for my GC or, for everything to calm down.
But I wouldn't have left...
Edit: BTW it was far far from a low-risk venture in 2014.
15155•1h ago
How awful that I'll never have to field another recruiting call asking about my 25 years of React experience.
DaveZale•28m ago
yahoozoo•1h ago