4 ms·
are they trying to say that foreclosures are more in non-white areas??? the stats in general says that new immigrant and non-white demographics has a higher sav
by dreamz 17y ago
are they trying to say that foreclosures are more in non-white areas??? the stats in general says that new immigrant and non-white demographics has a higher savings ratio than average whites - the personal family debt is humongous amongst whites because of their buying habits of possessing everything big, big car, big house, big TVs, etc. ending up in BIG LOANS & MORTAGAGE!!!!!!!!!
i guess the non-white data is more of a help to non-whites than the so called real whites :)
- nopassrecover 17y agoBut at best (from an Australian viewpoint) we can talk about correlation not causation. Why not give us the data on mean income in the area or pricing in the area or average debt levels or something tangible rather than an identity label from which we are meant to infer certain connotations. Unless of course the implication is that bank managers are foreclosing with a racial bias (letting white people stay in debt longer).