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Post a Comment On: Steve Sailer: iSteve

"Mortgage expenses by race"

5 Comments -

1 – 5 of 5
Anonymous Anonymous said...

"...Alan Zibel that provides a lot of good statistics, but, of course, fails to tabulate the foreclosure rate by ethnicity."

I couldn't imagine why. I guess we'll never know...But nothing another trillion or 5 can't fix, right?

2/5/09, 2:54 PM

Anonymous David said...

[Steve, here is my comment again, now cleaned up. Thanks.]

A joke among conservatives used to be:

Q. What headline would the New York Times run on doomsday?

A. "END OF THE WORLD / Minorities, women, and gays hardest hit"

Now we are basically reading "MORTGAGE BUBBLE POPS / Minorities hardest hit"

Remember, the United States is supposed to exist exclusively for the sake of Non-Asian Minorities. (You recall your Social Studies classes, right?) Everything must be done in their name, or ultimately for their benefit or to their benefit. The USA lives for the sake of NAMs, in order to expiate its guilt for NAMs' being unequal with non-NAMs. Every event must finally be about them and their progress (if any). We have no higher reason for existence, and no higher national purpose PERIOD.

First, we must ensure that they can and do buy private houses (or have a college education), to which everyone in the world has a right - down payments (or testing-based admissions) being the modern-day equivalent of poll taxes - and make that an essential means of making a successful career in the banking system, whether one is a banker or a loan officer or a marketing flack (or in the education industry, whether teacher or lobbyist - or in the economy at large, whether call-center manager or Bill Gates).

Next, in the face of universal but still racially disparate defaults (or dropout rates or social sufferings of any sort), we must cushion the blow for them by sacrificing more evil whitey nerd losers.

It's all about the ever- and all-suffering NAMs, 24/7.

But the real question is (and it's a hand-wringer): How do we get more money into the pockets of more blacks? Because money, as every Great American is taught on his mother's knee, is the Summa Bonum. Mo' money will turn even the blackest person white (and safely Republican). It washeth away all sins. Yea, verily, it must and shall change literally even their very pigmentation, Hallelujah! Behold Michael Jackson, oh ye of little faith!

White America is so mentally twisted, it is stupefyingly. This is very depressing, but we must first of all consider how it will affect the NAMs.

2/5/09, 3:30 PM

Anonymous Anonymous said...

People without good credit histories are more risky so it makes sense their mortgages would cost more. Isn't this basic finance?

2/5/09, 5:50 PM

Anonymous Mark said...

Now this is only looking at homeowners with a mortgage, so it ignores every homeowner who has paid off his mortgage (a group, I would imagine, that is overwhelmingly white).

This isn't necessarily the case. A study I saw over a decade ago actually showed a surprisingly large number of blacks owning their homes mortgage-free - but they were homes they'd lived in for years, that had frequently been in the family for over a generation, that were rotting, aged, decrepit, and in the worst parts of town.

Just under a third of Hispanic homeowners spend at least 38 percent of their income on housing expenses, compared with about a quarter of Asian and black households and nearly 16 percent of white households

Asians tend to live in more expensive areas, but if the wage premium for living in a high cost area is enough it can make 38% or more doable. But I suspect that, even moreso than most Americans, a lot of Asians are staring morosely at a huge whole in their net worth right about now.

2/5/09, 9:59 PM

Anonymous headache said...

Steve's been doing some excellent work unearthing all this boring yet significant and wilful contortion of the system. Ultimately everything is about NAM's. But is that really the case? Sure, the Jackson's, Obama's and Oprah's cash in and enjoy.

But are the real winners not the Ayer's and Dohrn's? People who are too self-conscious and amoral to just do a decent day's work and accept their pay. They want to control things but everyone can see through their dishonesty. So they use the NAM cause as a smokescreen to control whites and get the goodies. Some of it they hand over to the NAM's who did the dirty street work. But most they keep. And the control. Is it not these people who are the real drivers? The white, liberal, pseudo-intellectual crowd who are gaming the system because they are rebellious and do not want to submit to rules and standard morality?

I would like to know who is ultimately behind all this stuff.

2/6/09, 1:51 AM

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