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Post a Comment On: Steve Sailer: iSteve

"Hispanics delinquent on mortgages 4.7 times as often as whites"

43 Comments -

1 – 43 of 43
Anonymous Anonymous said...

More Hegemonic Disparate Hatefact. This rises to the level of microaggression. Neocons have started wars based on mere rumors of lesser insults.

3/29/13, 3:51 AM

Anonymous Anonymous said...

Latinos should be living in FAVELAS like in BRazilllll!!!!

3/29/13, 4:43 AM

Blogger LemmusLemmus said...

I have not seen a statistical analysis, but I would guess that one citation in two years is somewhat above average for a working paper in economics.

3/29/13, 4:50 AM

Anonymous Anonymous said...

"Rising to the level of microaggresion" should be phrase of the century.

3/29/13, 5:19 AM

Anonymous Anonymous said...

You need to be somewhat more charitable here. Blacks and latinos, lacking any sense of financial reality, were easy marks for mortgage companies who knew they couldn't afford the mortgage.

3/29/13, 5:23 AM

Anonymous Oishi's dog said...

"In other words, statistically adjusting for everything they can come up with (e.g., income), there are still unexplained racial gaps"

- Frankly, I don't think its accurate to adjust away differences in things like income or overall wealth. They have roots in factors such as intelligence, foresight, delayed gratification, self-disicipline, etc. which differ between the races.

It's like saying if you factor out the difference in physical traits like strength, as well as athletic ability of the average NFL player, he only plays football a little better than me.

3/29/13, 5:35 AM

Anonymous Anonymous said...

Perhaps a clue to the future of the US home mortgage market is the current Mexican home mortgage market. In Mexico most home purchases are with CASH. Many Mexican realtors have NEVER done a deal with a mortgage. Currently gringos are required to cough up high down payments for Mexican real estate, commonly 35%. That's for a gringo with a US source of income. Imagine how difficult it is for a middle-class Mexican to get a mortgage. Mexican lenders seem to know something we don't.

3/29/13, 6:05 AM

Anonymous Anonymous said...

As I keep hectoring on here, no doubt to Steve's annoyance, but due mainly to the fact that the world will simply not listen, the key to it all, (despite the falsehoods, lies and damned lies that seem to be the stock-in-trade of toay's new breed of 'economist' nation-wreckers), is productivity.
Namely if the immigrating (or infesting) population has a substantially below-par level of productivity vis-a-vis the host nation, then the host nation's only real measure of 'wealth' ie GDP per capita declines ie all you do is end up with more paupers than you would have if you didn't let the dog-shit from the WSJ or The Economist stop your eardrums.
- Importing paupers, agood policy? who have thunk it?

At the end of the day all America got out of following the WSJ Yellow Brick Road was a shitload of icorrigible, generational paupers, the re-annexation of the Golden State, a crashed economy and oh, crashing Europe into the bargain, a crash so damned severe that Europe probably won't rise from it again in any meaningful ethno-European way.

3/29/13, 6:43 AM

Blogger Old Rebel said...

"This might also be valuable information for current immigration policy design."

Wrong. Because when we pass amnesty and bring people from out of the shadows, they will magically transform into American citizens who will vote Republican and join the Jaycees.

3/29/13, 6:47 AM

Anonymous Claudia Z said...

This can only mean one thing: Hispanics needs more social and economic support. They haven't achieved parity with whites economically, socially, and politically. That's why this is happening.

3/29/13, 7:00 AM

Anonymous Anonymous said...

Quebecois here.

There was lots of money to make in real estate, especially if you could manipulate the market as to create a bubble. For this, you need lots of capital floating around worldwide, friends who'll make sure lending rules are relaxed, other friends that'll make sure ratings agencies look the other way, and new bodies, i.e. people with no homes willing to buy one especially if it's almost given to them. Hence those Hispanics.

Oh, as a finishing touch, you also need other friends that will make sure any losses incurred when the bubble bursts are picked up by the government, aka the taxpayers.

Most readers here will have no doubt figured that all these various 'friends' are in fact the same bunch of people.

3/29/13, 7:31 AM

Blogger nooffensebut said...

Dr. Turner's Web page says that it is "under review." No journal has published it, yet.

3/29/13, 7:32 AM

Anonymous Gordo said...

The latest UK Govt policy, announced last week, is to guarantee mortgages for people who cannot afford a deposit.

Sound familiar?

3/29/13, 7:33 AM

Anonymous peterike said...

The unexplained black/white gap.... The unexplained difference in Hispanic mortgage delinquency....

UNEXPLAINED?? Well shut my mouth.

3/29/13, 7:45 AM

Anonymous Anonymous said...

FYI--Lawrence Auster died today.

3/29/13, 8:15 AM

Anonymous Anonymous said...

http://www.ocregister.com/entertainment/movie-501643-movies-film.html

http://youtu.be/3ds1UyGIUFU

3/29/13, 8:43 AM

Anonymous Anonymous said...

"This might also be valuable information for current immigration policy design."

I love your droll asides.

3/29/13, 8:44 AM

Anonymous Anonymous said...

"In other words, statistically adjusting for everything they can come up with "

they need unz on the case.

3/29/13, 9:47 AM

Blogger pat said...

They say that "no news is good news". May I respectfully submit that this is "no news".

When you find that blacks have a murder rate seven times that of whites and Hispanics about three times. Or you point to unemployment or welfare dependency rates or charitable contributions, number of inventions, or many many other phenomena, you are just giving examples of the same simple phenomenon - racial differences in IQ.

They call in 'g' for a reason.

Albertosaurus

3/29/13, 10:07 AM

Blogger C. Van Carter said...

Hispanics victims of predatory lending 4.7 times as often as whites.

3/29/13, 10:35 AM

Anonymous Anonymous said...

What's the white hispanic disparity in foreclosure rates when looking at households given mortgages with the same interest rates? Is there evidence that hispanics were discriminated against or in favor of in that a white family with the same interest rate would be more or less likely to foreclose on average?

3/29/13, 12:07 PM

Anonymous Anonymous said...

Just one more example of what a disaster large scale Hispanic immigration has been to America.

3/29/13, 12:36 PM

Anonymous Anonymous said...

Any stats on white hispans vs non-white hispans?

3/29/13, 12:40 PM

Anonymous Auntie Analogue said...


Just a brief pause here to pass the word that this Good Friday morning at 0356 EDT, Lawrence Auster died. Requiescat in pace.

3/29/13, 1:17 PM

Anonymous Anonymous said...

I hope you've all noticed that not ONE Indian from Calcutta who used to call a sidewalk their home, defaulted!

Obviously, that calls for more to arrive on our Golden Shores; as many as possible! ASAP!

Thankfully, there are hundreds of millions prospective new home buyers.

Our economic worries are over!

3/29/13, 1:25 PM

Blogger Mr Lomez said...

"Hispanics victims of predatory lending 4.7 times as often as whites."

I get that this is meant as a joke, but it's at least as true as it is ironic. It seems likely to me that one of the major reasons these statistics look the way they do is because blacks and Hispanics were routinely suckered in to bad mortages they didn't understand the terms of. Whites, for a variety of reasons, were never as easy a mark.

This, compounded by the CRA, and the fact that post-bubble, these same blacks and Hispanics who were overreaching on their new digs out in the sprawl to begin with, were among the first to lose their jobs.

3/29/13, 1:46 PM

Blogger C. Van Carter said...

If banks don't give mortgages to browns it's redlining, if they do it's predatory lending.

3/29/13, 2:38 PM

Anonymous anony-mouse said...

So how come the financial crisis never hit Mexico?

For that matter, how come Mexican banks stay in business?

3/29/13, 2:40 PM

Anonymous Denhart said...

"Hispanics delinquent on mortgages 4.7 times as often as whites"


-But hey, they bring so much VIBRANCY! And apparently only people of color and butt cowboys complement Buzz on his fruity threads, and in the end, that's all that really matters, right?

3/29/13, 6:05 PM

Anonymous World Council for the Suppression of Crimethink said...

""Rising to the level of microaggresion" should be phrase of the century."
-
We're working on it.

3/29/13, 8:54 PM

Anonymous Anonymous said...

I want to know what % of black, brown, white were putting 20% down and what the data shows for default in that subset of mortgages.

3/29/13, 9:03 PM

Anonymous Anonymous said...



A gain of 14,300 jobs in February helped push Orange County’s unemployment rate down to 6.5% from a revised 7.1% in January.

The rate was 8.1% a year earlier.

Orange County now has 1,411,200 jobs, according to the state Employment Development Department. That’s a growth of about 2.6% over the past year.

Government added 5,000 jobs last month, more than any other sector. About 82% of the overall increase came in local government education services.

OC now has 151,100 government jobs, a total that lags the year-ago figure by 600, or less than 1%.

The professional and business services sector added 4,600 jobs in February, with nearly 90% of the growth attributed to new hires in administrative and support services.

The sector has expanded by 4% over the past year and now counts 257,200 jobs, which make up 18% of OC’s total employment base.

Leisure and hospitality reported adding 3,900 jobs. About 3,200 were jobs added in food services and drinking places. The sector counts 8,200 more jobs than a year earlier, for a total of 181,200.

The educational and health services sector grew by 2,900 jobs last month. It now has 169,900 jobs, a 4.5% growth year over year.

Financial services firms added 1,000 jobs in February. The sector has grown the most over the past year in terms of percentage, at 6.1%, and now has 111,900 jobs.

Companies in the trade, transportation and utilities sector combined for a loss of 3,300 jobs overall. A dip of 1,900 jobs among general merchandise stores led the overall decrease. Scattered gains within the retail trade segment—including hires at grocery stores and courier services—helped offset a larger drop.

The trade, transportation and utilities sector now has 243,100 jobs, about flat from a year prior.

Construction companies here cut 1,000 jobs last month. The sector has grown about 3% over the past year, and now has 70,700 jobs overall.

The jobless rate for California was 9.7% in February, down from 10.4% in January and 11.3% a year earlier.

The nationwide rate was 8.1%, compared with 8.5% in January and 8.7% a year ago.

Construcation is up and down and some service jobs are keeping legal and illegal hispanics but with the construcation sector down by aboout 30,000 in Orange County and the same in other states it makes it more diffcult for blue collar and illegal to get certain jobs.

--------------------------------------------------------------------------------







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Cable Business Journal Videocast







Scott McGregor, president & CEO of Broadcom



OCBJ Publisher Richard Reisman interviews OC

3/29/13, 9:14 PM

Anonymous Anonymous said...

Ok, I read the paper. Basically it appears blacks and Hispanics had no savings and not enough income to cover mortgages with breathing room to spare. Not sure why encouraging better saving wasn't on the table. Because what, then blacks and Hispanics would be purchasing a few years later than whites and that's raciss?

3/29/13, 9:15 PM

Anonymous Anonymous said...

Los Angeles Times has a great graph of county unemployment in the state, the counties with the most Mexican adult populations have high unemployment the far north inland is also high unemployment but there has not been much jobs there for years. The Coastial counties from Orange to San Fran and South to San Diego have the lowest unemployemnt. La county is the exception since it has a higher number of Hispanics in the adult population than San Diego or Orange its closer to Riverside and San Bernadino over 10 percent. La has been recently exporting a lot of Hispanics to the Inland Empire.

3/29/13, 10:21 PM

Anonymous Anonymous said...

"So how come the financial crisis never hit Mexico?"

You mean this particular one? Because financial crises are a recurring thing in Mexico.

For that matter, how come Mexican banks stay in business?"

The same way American ones do. Political influence.

3/29/13, 11:54 PM

Blogger Steve Sailer said...

"It seems likely to me that one of the major reasons these statistics look the way they do is because blacks and Hispanics were routinely suckered in to bad mortages they didn't understand the terms of."

Right. Gretchen Morgenstern had a detail about how the Countrywide office in Santa Monica barely broke even while the office in Inglewood under the LAX flight path made high profits year after year (at least until the Inglewooders stopped paying their mortgages).

3/30/13, 1:32 AM

Anonymous Svigor said...

The obvious response to the poverty excuse is to point out that there's no "ceteris paribus sorting" in the real world. In other words, blacks and browns are poor, and a loan officer (or whatever) can't just ignore the fact that they are (or shouldn't have to).

Maybe someone else can come up with a pithier way to say this? For crime I usually use "yeah but in a dark alley you don't get to correct for poverty," but I'm feeling lazy at the moment.

3/30/13, 9:01 AM

Anonymous Svigor said...

It's like saying if you factor out the difference in physical traits like strength, as well as athletic ability of the average NFL player, he only plays football a little better than me.

That's a great analogy. Even the typical innumerate, politically-retarded white American can understand it.

3/30/13, 9:07 AM

Anonymous Anonymous said...

Alternative fuels play an important role in meeting California’s growing energy needs. Our state is the leader in renewable energy technology. But, even with our impressive clean energy achievements, California’s economy will rely on fossile fuel energy for the foreseeable future to fuel our cars, move our freight and power public transportation. That is why we can’t ignore the billions of barrels of recoverable oil beneath our feet in California’s central valley.

California is on the verge of entering a new chapter on energy supply – one where both alternative fuels and newly discovered oil supplies put us at the forefront of energy competitiveness. A new study out this week from the University of Southern California and the Communications Institute shows there is a bright spot in California’s economic future: the increased production of energy.

The report “Monterey Shale and California’s Economic Future” highlights the huge, untapped reserves of oil available in the San Joaquin Valley’s Monterey Shale. These 15.4 billion barrels of oil are located largely on the west side of the San Joaquin Valley from Kern County in the south to Stanislaus County in the north. This could have an impact on illegal immirgation since much of this is in agriculural areas of California. Oil Companies are out to buy from farmers. With less farms in the Central Valley the biggest arguement for illegal immirgants will not matter as much since less farms equals less farm workres. Some farmers are already complaing but the oil expansion in Kern County.

3/30/13, 1:23 PM

Anonymous Anonymous said...

My brother-in-law is a former illegal from South America who became a realtor in the Washington D.C area. He dealt exclusively with other illegals, telling them not to worry about income, job status, etc, no one was ever going to check. Just get a house, hang on and let it appreciate for a couple of years, then sell it and pocket 100-200k. These people might be a lot of things, but stupid isn't one of them. They knew what the mortgages said and they went along happily expecting to become wealthy by their standards.

3/30/13, 7:37 PM

Anonymous Anonymous said...

Blacks were hit in Florida and Georgia. Georgia was also a state with a housing bubble. Ca,NV, and AZ are mainly Hispanic or in the case of Ca more Asian than Black.

3/30/13, 9:13 PM

Anonymous Anonymous said...

Maybe a lot of Black and Latin American low economic development is that in Mexico common law married is even more exceptable than in the states and according to Allen Wall adultery is seen more ok if the woman is not married. Wall lived in Mexico. So, a lot of men in Mexico are not as committed to their offsrping in least in terms of money than white males, so a reason why Mexican males lack ambition in both Mexico and the state to make more money.

3/30/13, 10:31 PM

Blogger Rakesh Mathur said...

Government Universities provides dedicated team and space for Research and Development while private universities do not focus on providing such dedicated team and space for Research and Development

6/13/13, 11:03 PM

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