8 ms·

I think the grandparent post is saying that Asians in Flushings are more likely to own their property and then it gets rented out inside the ethnic group moreso

I think the grandparent post is saying that Asians in Flushings are more likely to own their property and then it gets rented out inside the ethnic group moreso than outside the group. So Hispanics etcetera will be squeezed between that and rising prices from HQ2. I don't know how much of these are true, but I've heard anecdotes/stereotypes like this a few times in New York. Just haven't seen (or looked for) any confirmed studies about it.

sotojuan 8y ago
I can't speak for other areas of the country, but NYC native Asian Americans are notoriously obsessed with and very adept at purchasing property. Whether it's pooling money among friends, having very low living costs, or even helping their sons and daughters with a down payment, it's clear it's very important for the culture in a way it's not for other minorities or even white people.
- thaumasiotes 8y ago
  > I can't speak for other areas of the country, but NYC native Asian Americans are notoriously obsessed with and very adept at purchasing property. I can speak for other areas. To a first and second approximation, all Chinese, regardless of what country they live in, believe very strongly in owning property and will go to what you might consider ridiculous lengths to do so. There's a reason the rhetorical enemy of Maoism was the "landlord".