Black and Hispanic Home Buyers Pay Higher Interest on Mortgages, Study Finds

[chri'stina 190]

167? I'd ask for 280. But then I'm desi so greed is what I'm all about

well he hasn't written it down yet, let's see what he does! We do have a desi in the family now, so maybe my dad should ask for that much.

[w¡n9Nµ7 §£@¥€r 123]

Well, what does the desi think?

[chri'stina 190]

Well, what does the desi think?

hmmm, he hasn't said let me see....(asking him on aol IM while he's at work)

[chri'stina 190]

He said he'd start the negotiations at 300K, I guess he is a real desi.

[w¡n9Nµ7 §£@¥€r 123]

Clearly, I have been in the US way too long

Edited June 5, 2006 by Agent Smith

[chri'stina 190]

Clearly, I have been in the US way too long

[Heracles 417]

I guess I don't get it. When I was shopping for my house, I got quotes online from lendingtree.com and I got quotes from a few local banks. How does race get factored into this? With the banks, I seem to recall filling out some forms and they fed it into the computer and the computer came up with my quote. I'm unclear on how this discrimination happens.

Exactly. What the study did NOT take into consideration is how much debt or wealth a family has overall. This is quite an important factor.

Why are stories so one-sided in the media in the US??

I have to say, I have personally seen more than enough 'minorities' in the US driving $85,000 cars yet living in a run down house, were they refuse to spend $100 to paint their house, clean up the yard or even mow the lawn. This has nothing to do with slavery or being a minority or being disgriminated against. This has a lot to do with a really bad attitude that has developed within a group of people. A reality out of touch with the rest of the world.

Edited June 5, 2006 by haza

[w¡n9Nµ7 §£@¥€r 123]

If people want to squander their money on assets that depreciate year after year, I say let 'em. It's their funeral.

[chri'stina 190]

I guess I don't get it. When I was shopping for my house, I got quotes online from lendingtree.com and I got quotes from a few local banks. How does race get factored into this? With the banks, I seem to recall filling out some forms and they fed it into the computer and the computer came up with my quote. I'm unclear on how this discrimination happens.

I missed what you said here the first time I read this thread, and just wanted to say it was the same for us. Sujeet did all the work to get the mortgage, mostly online and through the computer. He faced no discrimination,while being in such a small minority in the US that I don't even think it's a big enough group yet to be called a minority! (I'm not sure, I haven't looked lately to see if East Indians are actually a "minority" group yet). And we got probably one of the lowest interest rates out there these days 5.59%.

Edited June 5, 2006 by stina&suj

[w¡n9Nµ7 §£@¥€r 123]

... such a small minority in the US that I don't even think it's a big enough group yet to be called a minority! (I'm not sure, I haven't looked lately to see if East Indians are actually a "minority" group yet).

The census calls us Asian Indian.

In the 2000 census, 1.7 million Americans reported their race as being wholly Asian Indian and another 0.2 million reported their race as being partially Asian Indian.

The total populaton of the United States in the 2000 census was 281 million, of which 11.9 million were Asian (includes Asian Indian).

So Asian Indians are less than 1% of the population. Sure doesn't feel that way where I live.. in my county, Asian Indians are closer to 10% of the population. I have biryani and samosa withdrawal every time I spend more than a week in another state

Sources: http://www.census.gov/prod/2002pubs/c2kbr01-16.pdf and http://www.city-data.com/county/Middlesex_County-NJ.html

[chri'stina 190]

I want a samosa...

[w¡n9Nµ7 §£@¥€r 123]

I want a samosa...

How far do you have to drive to get one?

[chri'stina 190]

I want a samosa...

How far do you have to drive to get one?

an hour-to either Tampa or Clearwater

[w¡n9Nµ7 §£@¥€r 123]

An hour? Damn.

[chri'stina 190]

An hour? Damn.

yeah

Or I could take 3 hours to make them...