xsocal land merchant_IHB
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si como no?
Asians stay on track in any economy
- Thread starter bluemoon_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
bluemoon_IHB
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et si vous etes incorrects dans vos hypotheses?
ipoplaya_IHB
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<p>This thread is senseless... There are plenty of asians (of which I am one) that have been foreclosed on and will be foreclosed on. I just checked recent NODs and recent auctions. I saw last names of Nguyen, Chan, Chu, and Lam. As a matter of fact, a big ole house in Woodbury owned by a Nguyen, with a loan balance in excess of $1.1M, got their NOD this week. Same deal on a NOD this week for a larger Village of Columbus home.</p>
bluemoon_IHB
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ipoplaya bien hecho
bluemoon_IHB
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does anyone know the exact number of foreclosure's in Irvine per development?
ipoplaya_IHB
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gracias bluemoon
Irvine Soul Brother_IHB
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Where are the statistics about foreclosure broken down by race, when controlled for by wealth? If anyone wants to make any argument that's substantial about "Asians" or anyone else having significantly greater or lower foreclosure rates, that's what we'd need. Anything else is just pissing in the wind. And the kind of reasoning that is based on what one "feels" about how the foreclosure situation is, or anything else for that matter is akin to the kind of reasoning that got the countless masses in over their heads with regards to real estate in the first place. (Unless anyone wants to tell me how "Asians don't go into foreclosure" is a better argument than "real estate always goes up.")
I'm not that cynical though about why this thread was started. It was trolling, followed by flaming.
You don't hear about Asians going into foreclosure because the shame of it is probably greater in their cultures, and Asian foreclosees aren't lining up to be profiled in the Register.
I'm not that cynical though about why this thread was started. It was trolling, followed by flaming.
You don't hear about Asians going into foreclosure because the shame of it is probably greater in their cultures, and Asian foreclosees aren't lining up to be profiled in the Register.
asianinvasian_IHB
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This thread title needs to be changed to <strong>Chinese stay on track in any economy</strong>
bluemoon_IHB
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mere observation for bigger plan
lawyerliz_IHB
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<p>Lawyerliz shakes her head in amazement at this thread. There are hardly any Asians in South/Central Florida. There are some oriental asians of Cuban descent. There are Chinese restaurants where you can get plantains and black beans and rice with your Chinese food.</p>
<p>Cubans-who are the most successful immigrant group ever--will probably go into foreclosure a lot, because the ones who came here are the ones who were willing to take a risk. They came here with NOTHING, know how it feels, got middle class once, and think, if necessary they can do it again. Cubans are like Americans, they came from everywhere, including America. So, when you are talking immigrants, I think you have to take into consideration where they came from and what assets they brought here. I would guess that Asians had at least some assets when they came here, hence a leg up.</p>
<p>Mexicans come with virtually nothing also. But many if not all of the Cubans were quite well educated and therefore had more human capital. Mexicans, I would guess are less well educated than the average Cuban. None of this has much to do with race. People who are immigrants are self selected and must be different somehow from the people who were more or less the same circumstances in the native countries, and chose to stay.</p>
<p>I tend to think there are some racial differences, but it's hard to say what they are, or if they are of any importance. People from the North tend to be light skinned to absorb Vitamin D. People from the far north tend to be somewhat short and round, so as not to give off too much heat. People from hot climes tend to be dark skinned, and have longer arms and legs so as to shed heat. Why get bent out of shape because of any of this?</p>
<p>Cubans-who are the most successful immigrant group ever--will probably go into foreclosure a lot, because the ones who came here are the ones who were willing to take a risk. They came here with NOTHING, know how it feels, got middle class once, and think, if necessary they can do it again. Cubans are like Americans, they came from everywhere, including America. So, when you are talking immigrants, I think you have to take into consideration where they came from and what assets they brought here. I would guess that Asians had at least some assets when they came here, hence a leg up.</p>
<p>Mexicans come with virtually nothing also. But many if not all of the Cubans were quite well educated and therefore had more human capital. Mexicans, I would guess are less well educated than the average Cuban. None of this has much to do with race. People who are immigrants are self selected and must be different somehow from the people who were more or less the same circumstances in the native countries, and chose to stay.</p>
<p>I tend to think there are some racial differences, but it's hard to say what they are, or if they are of any importance. People from the North tend to be light skinned to absorb Vitamin D. People from the far north tend to be somewhat short and round, so as not to give off too much heat. People from hot climes tend to be dark skinned, and have longer arms and legs so as to shed heat. Why get bent out of shape because of any of this?</p>
TimHume_IHB
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Why is this still being discussed? IR already pointed out that he sees lots of Asian names on short sale and foreclosure properties. Isn't that enough to have this topic die?
graphrix_IHB
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If you believe that Asians will keep the economy on track and don't get foreclosed on, then I have a Nigerian friend who needs $10k wired to him, and in return you will get $20k. So... just whisper to me if you believe this, and I will give you the wiring instructions to <strike>my</strike> the Nigerian's Western Union.
rickhunter_IHB
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i see and hear lots of threads or things I dont think are relevant for discussion, but it's a BLOG!
as a rule, when you start your own thread, we promise that we will stand up to anyone that thinks it's irrelevant!
as a rule, when you start your own thread, we promise that we will stand up to anyone that thinks it's irrelevant!
Irvine Soul Brother_IHB
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I think it's relevant, and hope that this discussion would be elevated with some data.
Like I said: Unless you have foreclosure data, by race, controlling for wealth, then we can't know about Asians or anyone else staying on track in different economies.
Like I said: Unless you have foreclosure data, by race, controlling for wealth, then we can't know about Asians or anyone else staying on track in different economies.
xsocal land merchant_IHB
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I think this horse is dead. Quit beating it.