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:
From Slate: As I've been saying since 1988 when a white real estate developer encouraged me to move to Chicago's Cabrini Green district to get in on the coming gentrification bonanza as the all black housing project was torn down and replaced with upscale condos more in line with its superlative location only a 20... Read More
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
We can ask this question about life expectancy first for people in the bottom quarter of the income distribution and then for people in the top quarter of affluence. According to Stanford economist Raj Chetty’s paper, the poor live longest where there is massive economic inequality, lots and lots of cops, and unaffordable housing: e.g.,... 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
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
From the Los Angeles Times: Fuyou is a great name. Four of the developers' staff were
From the 2011 book Lost Bank by Kirsten Grind about Washington Mutual, which collapsed spectacularly in 2008: In mid-2003, a market researcher named Kevin Jenne is sent to Orange County and Illinois to conduct focus groups on WaMu customers who had recently acquired Option Adjustable Rate Mortgages. These allowed borrowers to choose anything from 15... Read More
Ann odd phenomenon of Southern California are regions of extreme density per room. You'll be driving through an area of one story houses and two story apartments, when suddenly there are people everywhere, with guys selling oranges on the corners of side streets. Cano and her family live in one of the most crowded neighborhoods... Read More
From the New York Times:100 - 69 - 3 - 5 = 23% of new conventional mortgages going to whom?Access to financing that requires as little as 3.5 percent down is key for minority applicants, who on average have lower incomes and credit scores than whites, said Stan Humphries, Zillow’s chief economist. They also have... Read More
The Washington Post editorial board has drawn a line in the sand against anti-white black solidarity, at least where it really matters: Washington D.C. city council elections.Ms. Bonds appeared Monday on WAMU-FM’s “Kojo Nnamdi Show” with the five other candidates vying for the citywide seat in the April 23 special election. She was asked about... 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
Here's a long article at a website called Narratively:It's predictable for awhile, but gets interesting toward the end. What goes unmentioned in the article, but which all New York readers above age 40 will instantly recognize is the significance of the name "Crown Heights." In retrospect, the 1991 riot in Crown Heights was the Gettysburg or... Read More
The New York Times reports:Written by Fran Luck, executive director of the WBAI radio program “Joy of Resistance: Multi-Cultural Feminist Radio,” it notes that owners and developers of housing in formerly working-class neighborhoods have for decades “set aside” affordable rentals. Ms. Firestone paid about $400 a month, according to Mr. Perl, who said he had... Read More
The econosphere has been abuzz for several years with NYU professor Paul Romer's plan to bring the benefit of Good Institutions to Central America by building "charter cities" in the banana republic of Honduras. (Here's Romer's 2011 TED talk.) As economist Daron Acemoglu has explained, the only thing that differentiates a rich country from a... Read More
Kerwin Kofi Charles and others at the U. of Chicago have a paper out documenting that, yes, the Housing Bubble temporarily papered over the impact of hollowing out America's industrial base:We study the extent to which the U.S. housing boom and subsequent housing bust during the 2000s masked (and then unmasked) the sharp, ongoing decline in... Read More
For the longest time we've been hearing about how racism caused the subprime mortgage meltdown by causing financial companies to charge blacks and Hispanics more fees and interest. And that's why they couldn't pay back their loans: not because they didn't have enough money but because they were being charged too much for their loans.... Read More
For over a decade, I've periodically debunked the theory of Richard "Rise of the Creative Class" Florida, who has pocketed near-Gladwellian speaking fees by telling local leaders what they want to hear: the way to make your little backwood burgh rich is to bring in a lot of gays, artists,   bohemians, and immigrants. Notice... Read More
From my new column in Taki's Magazine:Read the whole thing there. My old articles are archived at -- Steve Sailer
A slide show in the New York Times about a public school in the Williamsburg section of Brooklyn: "Hopes for Diversity at a Brooklyn School." The accompanying article is entitled "Integrating a School, One Child at a Time," about federal tax dollars being used to desegregate Brooklyn public schools.This terminology may seem puzzling to readers... Read More
A few weeks ago I posted the analysis by Robert Fitch, an old white power-to-the-proles lefty, of Obama's role in Chicago's real estate wars.Now in the Daily Caller, Neil Munro has a long article shedding light on President Obama's role in Chicago's real estate disaster, using as a focal point the one case in which... Read More
Michael J. Petrilli at the Fordham Institute has a list of Census tracts where the white share of the residents grew the most in percentage point terms from 2000 to 2010. Unfortunately, the population was under 1,000 in some tracts, so ignore the first (Columbia, SC), third (Chicago's Loop), fourth (Roanoke, VA), and eighth (Dallas).... Read More
The late Robert Fitch, a veteran critic of New York real estate insiders, gave a speech to the Harlem Tenants Association on November 14, 2008 applying his brand of analysis to the history of Obama's rise in Chicago. And in the 1980s, the argument began to be made that the public housing needed to be demolished... Read More
Economist Christopher Foote of the Boston Fed, who debunked the Freakonomics abortion-cut-crime theory in late 2005 by pointing out that Steven D. Levitt's results stemmed from a couple of dumb mistakes in his programming, and two colleagues have a paper arguing against the mortgage meltdown being, in the words of the Oscar-winning documentary, an Inside... Read More
Last summer, I wrote about Bruce Norris's play about real estate and race in Chicago, Clybourne Park. (Here's an interview with Norris.) The NYT has an article about rehearsals for its opening on Broadway that unintentionally makes an important point about how Nice White People want middle class African-Americans to be driven to the edge... Read More
There's nothing like thinking about local real estate to turn the most liberal into race realists:Westchester is ahead of schedule in building the 750 affordable residences required by the settlement,
Please read my response to Mr. Yglesias' contention that he wasn't a victim of "Knockout Game" because he was only knocked down, not out, here.I wrote on May 15, 2011 upon hearing of the beating:I'm terribly sorry to hear about this crime. Yglesias should make sure to take it easy for a few days after... Read More
Here's an odd story from the BBC:Must be tasteful looking if everybody assumed they had to be costume jewelry.What adds interest to this was that subprime billionaire Roland Arnall, whom Bush had appointed Ambassador to the Netherlands for raising $12 million for him, who was the biggest donor to Arnold Schwarzenegger and, before him, Gray... Read More
As I was saying about David Brooks' recent "Flood the Zone" column, much of what appears in the New York Times these days is a lot funnier and makes more sense if you read it as if it were a parody that I had written. For example, this op-ed is full of facts straight from... Read More
Here's a good NYT article on one example of what seems like a general pattern in the subprime disaster: affinity scams in which immigrant brokers fleece their co-nationals.Mr. Ahmad, 44, is charged with luring buyers into subprim
From the NYT:The British defense of Singapore after Pearl Harbor is famously (although not necessarily all that accurately) said to have suffered from the long-held assumption that Singapore's big guns must point out to sea to defeat an attack by an enemy navy. Yet, the Japanese army, not the navy, came by way of the... Read More
People wonder why California housing is subject to booms and busts. How come supply couldn't keep up with spikes in demand when the Fed cut interest rates in 2002?
From my column in Taki's Magazine:Read the whole thing there.My old articles are archived at -- Steve Sailer
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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