tag:blogger.com,1999:blog-9430835.post1113220833987219378..comments2024-03-27T18:24:19.683-07:00Comments on Steve Sailer: iSteve: "The Vulnerability of Minority Homeowners in the Housing Boom and Bust"Unknownnoreply@blogger.comBlogger49125tag:blogger.com,1999:blog-9430835.post-569282472111523682013-07-06T19:36:05.225-07:002013-07-06T19:36:05.225-07:00i have seen data that shows that asians might have...i have seen data that shows that asians might have higher incomes, but do they really have higher wealth as well? I'm asian by the way and I find this hard to believe as wealth is strongly affected by inter-generational assets. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-76842988113294023692013-07-06T13:59:11.027-07:002013-07-06T13:59:11.027-07:00Speaking of Section 8, I do believe that social se...Speaking of Section 8, I do believe that social services *everywhere* has gotten quite ambitious lately, and is sending their clients farther out to places like Montana, where they can "start over" and all that.<br /><br />I'm noticing a lot more vibrancy here in the last year than ever before. Sadly, our winters are not as bracing as they used to be, lessening the chances that the emigres will move south.carolnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-76275662508994610932013-07-06T12:17:21.368-07:002013-07-06T12:17:21.368-07:00From HOME OF THE FREE to FREE HOME FOR THEEFrom HOME OF THE FREE to FREE HOME FOR THEEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-79811822268488981152013-07-06T11:36:06.935-07:002013-07-06T11:36:06.935-07:00Homeownership is just another religion.Homeownership is just another religion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-86613639710426836562013-07-06T09:22:29.460-07:002013-07-06T09:22:29.460-07:00Austin is however getting expensive by Texas stand...Austin is however getting expensive by Texas standards maybe because of a lot of out of staters, I heard it average 250,000. If more out of staters drive Houston and Dallas up to 200,000 will folks not come to Texas but go to Utah which has a smaller Mexican population and only 2 percent black population. So, maybe no zoning regulation will eventually not help Texas with low housing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-58588041103018994862013-07-06T09:12:25.786-07:002013-07-06T09:12:25.786-07:00Well, a lot of Mexicans now are renters since a lo...Well, a lot of Mexicans now are renters since a lot of foreign investors brought up the housing in Southern California at lower prices and now the prices are being driven up because of a lot of foreign investors. 30 percent of the market is cash buying, so the investors from China, Canada and other parts of the US buy them up and make them rentials.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-89244212140708263072013-07-06T09:09:40.391-07:002013-07-06T09:09:40.391-07:00"For those who don't know, Herbert and Ma..."For those who don't know, Herbert and Marion MacSandler are the Scots-Irish Presbyterians who sold $25.5 Billion in Sand State Liar Loans to 125-year-old Wachovia Bank, which caused Wachovia to collapse into bankruptcy, and thereby allowed Wells Fargo to gain a massive beachhead in the Southeast USA"<br /><br />There is more. Herbert MacSandler is the founding chairman of Pro-publica, the lefty organization that received confidential information about conservatives from the MacLerner branch of the IRS.<br /><br />http://www.washingtonpost.com/blogs/federal-eye/wp/2013/05/14/irs-released-confidential-info-on-conservative-groups-to-propublica/ That's true there is a lot of jerks on both the left and right but the left is more self-righteous and it makes you look like a hyprocrate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-33223064802287669082013-07-05T20:37:10.999-07:002013-07-05T20:37:10.999-07:00"For those who don't know, Herbert and Ma..."For those who don't know, Herbert and Marion MacSandler are the Scots-Irish Presbyterians who sold $25.5 Billion in Sand State Liar Loans to 125-year-old Wachovia Bank, which caused Wachovia to collapse into bankruptcy, and thereby allowed Wells Fargo to gain a massive beachhead in the Southeast USA"<br /><br />There is more. Herbert MacSandler is the founding chairman of Pro-publica, the lefty organization that received confidential information about conservatives from the MacLerner branch of the IRS.<br /><br />http://www.washingtonpost.com/blogs/federal-eye/wp/2013/05/14/irs-released-confidential-info-on-conservative-groups-to-propublica/<br /><br />You gotta watch out for those Scots-Irish!<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-89833695984886620672013-07-05T19:59:45.541-07:002013-07-05T19:59:45.541-07:00http://www.nybooks.com/articles/archives/2013/jul/...http://www.nybooks.com/articles/archives/2013/jul/11/searchers-implacable-texas/<br /><br />Excellent piece on SEARCHERS. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-10853222999763078362013-07-05T19:31:36.878-07:002013-07-05T19:31:36.878-07:00Every time I think of GWB and the "mortgage c...Every time I think of GWB and the "mortgage crisis" I think of <a href="http://en.wikipedia.org/wiki/The_Howie_Carr_Show" rel="nofollow">Howie Carr</a>'s oft repeated adage, "Everything is a deal. No deal is too small. Nothing gets done without a deal." <br><br>Did GWB need to "get onboard" (i.e., make a deal to join) with the "everyone deserves a house" hysteria in order to get funding for the Iraq War? <br><br>In anticipation of any criticism of the reasons for starting the war: I'll bet you didn't attend parochial school. I did and every time the nun left the classroom, our version of Saddam got punished when she returned. Capiche?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-41467228576380774172013-07-05T18:57:19.936-07:002013-07-05T18:57:19.936-07:00Well, those states had bad laws and Texas actually...<i>Well, those states had bad laws and Texas actually was more regulated than Calif on loans, it made it harder to get an arm loan as much or how much on an arm loan.</i><br /><br />It wasn't about ARM's. It was the fact that home equity loans weren't even legal before 1997, and you still can't take out a home equity loan where the LTV is higher than 80%. And the supply of new housing is not restricted as in CA.ben tillmannoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-51771012593836548662013-07-05T18:35:11.356-07:002013-07-05T18:35:11.356-07:00Someone mentioned Phoenix, which is indeed in the ...Someone mentioned Phoenix, which is indeed in the middle of a housing bubble as cash buyers are attempting to get into the rental market. However, this is having the effect of driving down the cost of rent. as house prices rise, rental prices fall.<br /><br />I haven't seen many commenters mention how this affects other buyers as well. I'm in the middle of homebuying, and have seen repeatedly how sellers are pointing at the Phoenix market fifty miles away to justify their prices that don't match up with appraisal. so its a double whammy - you can't afford the houses that are appraising because of cash buyers, and you can't afford houses outside of the bubble because of idiot sellers imagining someone can come up with 30K at the drop of the hat to make up the appraisal spread.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-55609265230493457812013-07-05T15:39:34.047-07:002013-07-05T15:39:34.047-07:00http://on.cnn.com/14XMmhu
But won't homos and...http://on.cnn.com/14XMmhu<br /><br />But won't homos and trans be upset? I'll bet they wanna play with pink legos. <br /><br />What a funny world we live in. We are told that we shouldn't think in terms of 'man' and 'woman' and see both as the same or interchangeable...<br /><br />BUT <br />we are told that homos and trans should have the right to be very feminine in dress and manner. <br /><br />So, 'gender differences' are bogus and don't matter... except when it comes to homos and trans who insist they are 'women' and lesbians who insist that they are 'men'. <br /><br />What? <br /><br />So, no pink legos for girls but pink legos for homos and trans. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-49193443354427549842013-07-05T14:50:33.174-07:002013-07-05T14:50:33.174-07:00Ichabod: near as I can tell from a cursory reading...Ichabod: near as I can tell from a cursory reading of their summary, the methodological complaints are as follows:, they didn't control for how bad the loans were between ethnic groups. Minorities get riskier loans because otherwise they can't qualify at all, so they have a higher default rate. They think that the study should have controlled for that and only compared the default rates between those whites and non-whites who had equally crappy loans. I think that they are saying that the authors failed to prove that white people are taller on average than non-whites because they didn't prove that white people who are six feet tall are taller than non-white people who are six feet tall.Alfa 158noreply@blogger.comtag:blogger.com,1999:blog-9430835.post-22725613573078250482013-07-05T14:29:47.189-07:002013-07-05T14:29:47.189-07:00I have some sympathy for GWB. Because, I think, he...I have some sympathy for GWB. Because, I think, he was pursuing an Affordable Family Formation policy. He was just a screw-up, so he didn't understand why down-payments were as big as they were.dsgtd_plyrhttp://twitter.com/dsgntd_plyrnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-61040265460119230122013-07-05T12:16:48.667-07:002013-07-05T12:16:48.667-07:00vulnerability = culpability?vulnerability = culpability?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-78589369409702996402013-07-05T12:09:02.431-07:002013-07-05T12:09:02.431-07:00Art galleries will attract more people by playing ...Art galleries will attract more people by playing music.<br /><br />Modern art room with modern music.<br /><br />Romantic art room with romanticist music.<br /><br />Pop art room with pop music.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-47697983007069224052013-07-05T11:57:29.646-07:002013-07-05T11:57:29.646-07:00A book for Snowden?
http://www.nybooks.com/articl...A book for Snowden?<br /><br />http://www.nybooks.com/articles/archives/2013/jun/06/john-le-carre-real-men-england/?pagination=false<br /><br />"In the official morality of states, treason and patriotism are poles apart, as starkly opposed as love and hate, right and wrong. David Cornwell, writing as John le Carré, has spent more than half a century blurring that sharp opposition, making it unstable and obscure. And now, at the age of eighty-one and in his twenty-third novel, he has finally brought the poles together. In A Delicate Truth, treason is not merely compatible with patriotism. In order to be a patriot, the novel suggests, it is necessary to betray the state.<br />A Delicate Truth is simpler than almost any other le Carré novel because he is no longer in the swamp of moral ambiguities. He has crossed all the way over to the far side and stands, perhaps for the first time, on firm ground. There is no longer a dark and difficult game to be played. The three central figures of the book are all genuinely, almost sentimentally, patriotically British. And for each of them, that sentiment creates an unambiguous imperative: he must betray the secrets of the British state. In much of le Carré’s previous work, treason arises from personal complexities and emotional entanglements. Here it is the inevitable consequence of true patriotism. His old traitors betray the state because they are, by nature, deceitful. These new ones betray it because they are, by nature, honest."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-91956640140140188302013-07-05T11:10:23.278-07:002013-07-05T11:10:23.278-07:00Steve, a slightly unrelated comment, but I propose...Steve, a slightly unrelated comment, but I propose you look over your comment section.<br /><br />Most people try to contribute, but you have a weird toleration for obvious trolls. Perhaps a byproduct by not growing up during the internet era? I'm thinking of 'Truth'.<br /><br />Look at his past 10 or so comments. It's either petty insults on a six grader's level or it is transparent trolling/baiting like comparing Chicano studies to Heidegger, defending the intelligence of black prison inmates, insisting that Lil Wayne is superior to Judy Garland as an artist.<br /><br />The common pattern is clear: anything ghetto black is better than anything civilized. This man is obvious trolling/baiting(the only other option is that he's a black troller who's enraged but he comes across as a white cuckold/troll).<br /><br />There are a few others on similar paths, like Whiskey, although on a far milder scale.<br /><br />I typically comment under anon, as I do now and rarely if ever venture outside the topic, but this is one of those moments. <br />I'm just suggesting; kill the trolls. They contribute nothing to the comment section, which can be quite good sometimes.<br /><br />Also, I was slightly disgusted at how you just let Truth insult you and let it slip without any real opposition, even agreeing half-heartedly with his "you're low IQ, Steve" remark, even if he himself has shown no brains at all. What's up with that weird masochism and tolerance of trolls, Steve?.<br />Depressing to watch such a smart, dedicated man degrade himself like you allowed yourself to be.<br /><br />That's all, for now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-3065933233034757552013-07-05T09:52:09.164-07:002013-07-05T09:52:09.164-07:00It was Karl Rove's idea, right? Give 'em ...It was Karl Rove's idea, right? Give 'em houses and they'll vote for us? sam elliottnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-82584037666766809272013-07-05T09:09:21.291-07:002013-07-05T09:09:21.291-07:00I haven't read the study, but it should also t... I haven't read the study, but it should also try to untangle the Region effect from the Race effect. To do this, see if conditioning on state the minority borrowers defaulted more. Now that I write this, it sounds obvious enough that they probably did it. <br /><br /> A deeper question is whether Race caused the Region effect, if there was a Region effect separate from the Race effect. That is: were lenders in Nevada more lenient with all borrowers because there were a lot of Hispanics in Nevada and this caused the regulators to go easy on Nevada lenders?Eric Rasmusenhttps://www.blogger.com/profile/01609599580545475695noreply@blogger.comtag:blogger.com,1999:blog-9430835.post-44657840356609273162013-07-05T08:55:07.943-07:002013-07-05T08:55:07.943-07:00Well, those states had bad laws and Texas actually...Well, those states had bad laws and Texas actually was more regulated than Calif on loans, it made it harder to get an arm loan as much or how much on an arm loan. Personality, I think in some markets like California, the Asians particulary the Chinese had a factor. There were crashes in South Orange County and whites there were buying houses at higher costs than they could afford. The Asians were pricing things up in the Irvine market which grew like a weed during the housing bubble years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-13651908311373130532013-07-05T07:22:31.124-07:002013-07-05T07:22:31.124-07:00Right after the crash, in 2009, Saturday Night Liv...Right after the crash, in 2009, Saturday Night Live actually did a skit about people who couldn't afford to buy homes. Of course it showed both black and white representatives of Idiocracy style fecklessness but was otherwise funny and true. <br /><br />Something must have happened because the clamps came down and it's been all PC all the time at SNL.dnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-12118998282601039802013-07-05T06:06:05.689-07:002013-07-05T06:06:05.689-07:00OT: more "teens" at it again:
http://md...OT: more "teens" at it again:<br /><br />http://mdjonline.com/view/full_story/23037003/article-Mableton-teens-linked-to-gang-are-accused-in-beating-death?instance=special%20_coverage_right_column<br /><br />When will America finally step up and acknowledge the need to better mentor "our" youth? This will require a 20-point program and a massive shift in how "we" raise our children.Camlostnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-17852666091089233272013-07-05T05:27:22.100-07:002013-07-05T05:27:22.100-07:00How many more fiat-shekels can Uncle Ben pull out ...How many more fiat-shekels can Uncle Ben pull out of his e-Baytl?<br /><br /><b>Some big cities at risk of another housing bubble: Shiller</b> <br />By Tim Reid<br />Thu Jun 27, 2013 6:35pm EDT <br /><a href="http://www.reuters.com/article/2013/06/27/us-usa-housing-shiller-idUSBRE95Q1HZ20130627" rel="nofollow"><b>reuters.com</b></a> <br /><br /><i>(Reuters) - Dramatic home price gains in some of America's largest cities point to a potentially new housing bubble in those areas, according to Robert Shiller, who helped create a closely watched gauge of U.S. housing prices.<br /><br />Shiller said big price gains in Las Vegas, Los Angeles, San Francisco, Miami and Phoenix, fueled in part by a large influx of outside investor money, are a possible sign of trouble ahead.<br /><br />"There is a risk of bubbles in these cities," Shiller, a co-founder of the S&P/Case-Shiller Home Price Index, told Reuters on Wednesday. "House prices increases have been dramatic. It looks like the beginning of the last bubble"...</i>Anonymousnoreply@blogger.com