The Unz Review: An Alternative Media Selection
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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I've long pointed out that the Housing Bubble of 2004-2007 tended to have inflated the most severely and popped the most sharply in increasingly Hispanic regions like Southern California's Inland Empire (San Bernardino and Riverside Counties). For instance, here's a graph I created in 2009:
The New York Times editorializes: Also, the food tastes terrible and the portions are so small! But ... "Credit score was not included because that information is not publicly available" according to Reveal. So, their regression analysis was basically worthless. The study examined 31 million mortgage records and found disturbing evidence in 61 metropolitan areas... Read More
From the Orange County [CA] Register: Hispennials? Hispanic millennials called the future of home buying By MARGOT ROOSEVELT | [email protected] | Orange County Register PUBLISHED: December 22, 2017 at 5:45 am | UPDATED: December 29, 2017 at 12:23 pm ... Real estate professionals call them “Hispennials.” The label, a mash-up of Hispanics and millennials, defines... Read More
From the CBS station in Richmond, VA: Millions will be spent to help black homeowners after investigation revealed inequity POSTED 12:32 PM, JULY 17, 2017, BY SCOTT WISE, Millions will be spent to help black homeowners after investigation revealed inequity RICHMOND, Va. -- Millions of dollars will soon be spent in Richmond to help increase... Read More
Economist Robert J. Shiller writes in the NYT: I don't doubt that shows on TV about flipping houses played a role. But isn't it striking that after almost a decade: "There is still no consensus on why the last housing boom and bust happened"? It was the biggest news story since 9/11, and yet Dr.... Read More
Santayana famously said, "Those who cannot remember the past are condemned to repeat it." But what if you haven't forgotten because you never had a clue? From the MSNBC-Telemundo Town Hall this evening in Las Vegas, here's Hillary sounding much like George W. Bush in 2002-2004: TODD: Secretary Clinton, we're going to talk about housing.... Read More
Here's a reasonably even-handed news article from the Wall Street Journal by Bob Davis with some interesting if not wholly reliable statistics: The Thorny Economics of Illegal Immigration Arizona’s economy took a hit when many illegal immigrants left, but benefits also materialized By BOB DAVIS Updated Feb. 9, 2016 10:49 a.m. ET 558 COMMENTS MARICOPA,... Read More
This Super Bowl Rocket Mortgage commercial seemed to be aimed at regulators and politicians as much as borrowers. It was vaguely reminiscent of George W. Bush's speech at the 2002 White House Conference on Increasing Minority Homeownership and Angelo Mozilo's 2003 Harvard address about how Bush's regulators should get the message that old-fashioned standards on... Read More
From my movie review in Taki's Magazine: Read the whole thing there.
From the Business Section of the New York Times: Baltimore blacks were long dogged by malicious stereotypes spread by The Wire, but their behavior in 2015 -- first rioting, then murdering each other in large numbers -- has demonstrated their financial trustworthiness. How delusionally racist are lenders to not see that houses in Baltimore black... Read More
In the last few years, New Deal era "redlining" has come to be seen as one of America's most horrific historic sins, on par with slavery, due to the profound research of America's foremost public intellectual, Genius T. Coates, who made FHA redlining central to his argument for massive reparations to blacks. Not surprisingly, there... Read More
I like to collect academic studies documenting the interaction of America's love affair with Diversity and Immigration with the Housing Bubble/Bust of the 2000s. From the The Annals of the American Academy of Political and Social Science, July 2015: Variations in Housing Foreclosures by Race and Place, 2005–2012 Matthew Hall Kyle Crowder Amy Spring Abstract... Read More
With Jeb Bush and Donald Trump arguing over whether George W. Bush failed to stop 9/11, it's worth going to the videotape (47:28) of the second Presidential debate of 2000. On 10/11/2000, the Texas governor denounced heightened scrutiny of Arab airline passengers by airport security. Bush said on national TV: Note that when the future... Read More
For the last seven years, academics have been quietly compiling a mountain of evidence that the Housing Bubble and Bust was, like I've been saying since 2007, intertwined with contemporary America's sacred cow of Diversity. For example, from a 2015 issue of Real Estate Economics: Immigrants and Mortgage Delinquency Zhenguo Lin Department of Finance Mihaylo... Read More
I may have pointed out once or twice that the disastrous home price bubble of a decade ago was closely intertwined, via numerous causal pathways, with decades of Hispanic immigration and diversity ideology. Here's a new graph from a report by Zillow on different ethnic neighborhoods that makes my point for me: the green line... Read More
From the Washington Post, a story of an African immigrant family who have racked up $1.3 million in debt, even while not paying their mortgage for over six years. Swamped by an underwater home After the housing collapse derails the American Dream, a cloud of uncertainty hangs over the Boateng family Story by Kimbriell Kelly... Read More
Lately, I've been posting summaries of academic research into the true nature of the mortgage meltdown of a half decade ago. I realize that sounds like ancient history of no relevance, but from today's Washington Post:Officials are also encouraging lender
With the city of Stockton, CA in the news as its municipal bankruptcy winds its way through the courts, I was struck by this 2010 San Francisco Federal Reserve paper on the kitchen table dynamics of how so many people in Stockton and Oakland wound up with mortgages they couldn't afford. One short answer: minorities... Read More
Since 1975, the federal government has been collecting data to make sure that minorities get enough mortgages, but nobody set up a system to see if minorities were paying back their mortgages. Thus, when the mortgage market collapsed in 2007-08, there wasn't much data readily available on who was defaulting on their loans. I started... Read More
Here's another paper on the role of diversity in the mortgage meltdown:Abstract:     Foreclosures have disproportionately affected borrowers and communities of color. Many studies have concentrated on the nation and specific metropolitan areas, but few academic studies have focused on Atlanta. Using a merged data set consisting of Home Mortgage Disclosure Act (HMDA), U.S.... Read More
Going on a half dozen years after the mortgage meltdown that began in 2007, the evidence continues to trickle in about the key role of diversity in the disaster. Granted, there's very little demand for hard-headed analyses. Here, for example, is a paper finished in 2011 that has, according to Google, been cited once:Abstract: This... Read More
Steve Sailer
About Steve Sailer

Steve Sailer is a journalist, movie critic for Taki's Magazine, columnist, and founder of the Human Biodiversity discussion group for top scientists and public intellectuals.

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