Quote:
Originally Posted by AcesUp
Yes immigration is a problem, but your are politicizing this when the primary reason for the increase in asset values has been the low interest rate environment that has been in effect over the last decade. Generally, each and everyone of us had the opportunity to participate in this growth. Blaming someone else for which you have a significant advantage over, economically, academically, and socially seems misguided.
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Excuse me? Perhaps you should look at income numbers before spouting nonsense about what "advantages" I have.
https://en.m.wikipedia.org/wiki/List...usehold_income
Top 20 ethnic groups by income:
Indian American : $101,591[2]
Taiwanese American : $85,566[2]
Filipino American : $82,389[2]
Australian American : $76,095[3]
Latvian American : $76,040[3]
British American : $75,788[3]
European American : $75,341[3]
Russian American : $75,305[3]
Lithuanian American : $73,678[3]
Austrian American : $72,284[3]
Scandinavian American : $72,075[3]
Serbian American : $71,394[3]
Croatian American : $71,047[3]
Japanese American : $70,261[2]
Swiss American : $69,941[3]
Slovene American : $69,842[3]
Bulgarian American : $69,758[3]
Romanian American : $69,598[3]
Chinese American: $69,586[2]
(including Taiwanese American)
Lebanese American : $69,514[3]
My family is Argentine and Italian. I don't see those groups in the top 20. I do however note that Indians are doing the best, and several Asian groups that are coming to the US are also doing quite well despite the "advantages" you think I have. Might explain why entire regions of NY and many other cities in the US and Canada are becoming dominated by these groups.
And please explain how the low interest rate environment explains regional differences in recovery. We've barely recouped pre-2008 in most parts of LI. Other parts of the country, subject to the same interest rates, have not recovered at all. Apparently Vegas needs more than cheap mortgages to boost values.