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Post a Comment On: Steve Sailer: iSteve

"March 2009: Top 26 foreclosure rates all in 4 Sand States"

9 Comments -

1 – 9 of 9
Anonymous CK said...

Maybe it's the states where people like to move to retire. Maybe this pushed the prices up for the local population who had a hard time to catch up, and had to take bigger mortgages. Bigger mortgages than they could afford also meant more sub-prime. Also, somebody should study the effect of the retirees since they may easily leave if they start not to like the place.

4/23/09, 12:39 AM

Blogger ricpic said...

OT: Congratulations on being interviewed regarding the Ricci case on the Lars Larson show. Good job of getting the facts out to a general audience.

4/23/09, 4:13 AM

Anonymous Anonymous said...

Immigration, pure and simple. I work in the field, and if you overlay a map with the greatest concentrations of new arrivals, both legal and illegal, you'd be astonished at the perfection of the fit. Some of these recent articles are quite specific in the location of the foreclosure problem, getting down to county, city and neighborhood. 9 times out of 10 if you walked those neighborhoods, I'd bet it wouldn't take you long to affirm what Steve's been saying for years. NAM's are the primary cause for this bust.

4/23/09, 4:33 AM

Anonymous David said...

It was the sand.

I have in my hand a study from a social psychologist, showing that sandglitter and its associated microdust affects the emotion gland, making people less able to concentrate and therefore less able to...where was I going with this?

Anyway, they're not responsible, and the disparity in foreclosures is an unfairness (racism? sexism? something?) that must be redressed.

Stop discriminating against the sand-disabled!

(Don't really have a study. But might as well have.)

4/23/09, 6:54 AM

Anonymous eh said...

NAM's are the primary cause for this bust.Before all data is in and the analysis done, it's best to be careful when making definitive statements like this. However, I think it is pretty safe to say the data will show that 1) NAMs benefited disproportionately from loose lending (as they were meant to, i.e. if you listen to Bush's 2002 speech, so no surprise here), and 2) they have defaulted disproportionately too. How big the disproportionality is, and to what degree it contributed to the financial meltdown is, imo, tbd.

4/23/09, 8:37 AM

Anonymous Anonymous said...

It has been posted on this blog before that California wouldn't ever get its act together again. That is correct. California is never going to actually balance their own state budget again. The Golden State is going to be a chronic bailout recipient much like the entire region of southern Italy requires constant massive fund transfers from northern Italy in order to function at a First World level.

Think a permanent intravenous drip of tax dollars can't be transferred to Sacramento from Washington DC? That it would be unconstitutional? Please. It will be an elaborate backdoor camouflage Federal Reserve scheme that is slowly and eventually institutionalized.

4/23/09, 10:49 AM

Anonymous Anonymous said...

Aliens with little attachment to the country took Uncle Sam for a ride after the pandering president Bush demanded Uncle Sam's wallet be opened to them.

Shocking.

And while Liberal John & Jane Citizen are home thinking about how cruel it was of the lenders to get immigrants into a homes they couldn't afford, the "victim" has already torn out every fixture in the house and even removed the walkway stones. Some used stolen identities, some used fictional identities, some simply fled back to their home countries, and some are lining up for the next gov mortgage plan.

Liberal John & Jane Citizen desperately wanted a Third World society right here in America in order to demonstrate their own high status to other liberals and now they've got it.

4/23/09, 12:01 PM

Anonymous anony-mouse said...

Anybody know of an existing or soon to IPO ETF of banks in the more solvent 46 states? Or a large bank with negligible presence in the insolvent 4?

(or maybe a fire insurance company that overwhelmingly serves small towns?)

4/23/09, 6:13 PM

Blogger Ronduck said...

California is never going to actually balance their own state budget again.

Then California should do what other Latin American countries do when they tire of their debts: default. Argentina defaults at least once every ten years, Mexico less often but still pretty frequently. Some Hispanic legislator will claim that the money was stolen from "the people" and refuse to pay it to evil greedy exploiters.

Remember, California and probably all of America are now part of the Catholic church's Latin American Empire of Failure.

4/24/09, 12:24 PM

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