Are Asians more bullish about housing in general…

[all]

I don’t think it is an Asian thing. A house is an asset that can’t be taken away or destroyed as easily as cash or some promissory note and it can always feed a family as a rental.

Back in 2005 my parents just could not comprehend that I’m renting while I could afford to buy. They also don’t understand how 401k makes more sense than buying a rental property.

My parents are not Asian.

EDIT: And neither am I 🙂

[an]

[quote=deadzone]I thought Asians were supposed to be smart?[/quote]
You thought wrong. Asians are very stupid. But that just show the sad sad state we’re in where the stupid Asians are getting the highest API scores. America is definitely going down in flame.

[an]

[quote=deadzone]I thought Asians were supposed to be smart?[/quote]
You thought wrong. Asians are very stupid. But that just show the sad sad state we’re in where the stupid Asians are getting the highest API scores. America is definitely going down in flame.

[an]

[quote=deadzone]I thought Asians were supposed to be smart?[/quote]
You thought wrong. Asians are very stupid. But that just show the sad sad state we’re in where the stupid Asians are getting the highest API scores. America is definitely going down in flame.

[an]

[quote=deadzone]I thought Asians were supposed to be smart?[/quote]
You thought wrong. Asians are very stupid. But that just show the sad sad state we’re in where the stupid Asians are getting the highest API scores. America is definitely going down in flame.

[an]

[quote=deadzone]I thought Asians were supposed to be smart?[/quote]
You thought wrong. Asians are very stupid. But that just show the sad sad state we’re in where the stupid Asians are getting the highest API scores. America is definitely going down in flame.

[carlsbadworker]

[quote=flu]Maybe they just have more money then the average bear and/or manage their finances better…Yes, this is as ridiculous of any generalization than anything else suggested…… Anyone else care to have any brilliant ideas?[/quote]

OK. Since this is a thread about stereotype and ridiculous generalization, I will go some extra length here. Yes, they have more income than average, and save better, which results in a better qualification for home ownership, but then they are blinded by the home ownership because they have skins in the game.
So on one hand, we know that poor math skills would result in terrible financial decisions, but on the other hand, the Asian population proves that being good at math does not equal to being financially smart.
Asians are generally not good investors, mostly because they lack the investment options in their homelands, so they are not trained to think like an investor. As a result, they lack the good perspective in analyzing the investment options (e.g. factoring in property tax differences between US and their homeland country). The education system results in many PhDs who are experts in their own subject but are idiots outside their own domain.

[carlsbadworker]

[quote=flu]Maybe they just have more money then the average bear and/or manage their finances better…Yes, this is as ridiculous of any generalization than anything else suggested…… Anyone else care to have any brilliant ideas?[/quote]

OK. Since this is a thread about stereotype and ridiculous generalization, I will go some extra length here. Yes, they have more income than average, and save better, which results in a better qualification for home ownership, but then they are blinded by the home ownership because they have skins in the game.
So on one hand, we know that poor math skills would result in terrible financial decisions, but on the other hand, the Asian population proves that being good at math does not equal to being financially smart.
Asians are generally not good investors, mostly because they lack the investment options in their homelands, so they are not trained to think like an investor. As a result, they lack the good perspective in analyzing the investment options (e.g. factoring in property tax differences between US and their homeland country). The education system results in many PhDs who are experts in their own subject but are idiots outside their own domain.

[carlsbadworker]

[quote=flu]Maybe they just have more money then the average bear and/or manage their finances better…Yes, this is as ridiculous of any generalization than anything else suggested…… Anyone else care to have any brilliant ideas?[/quote]

OK. Since this is a thread about stereotype and ridiculous generalization, I will go some extra length here. Yes, they have more income than average, and save better, which results in a better qualification for home ownership, but then they are blinded by the home ownership because they have skins in the game.
So on one hand, we know that poor math skills would result in terrible financial decisions, but on the other hand, the Asian population proves that being good at math does not equal to being financially smart.
Asians are generally not good investors, mostly because they lack the investment options in their homelands, so they are not trained to think like an investor. As a result, they lack the good perspective in analyzing the investment options (e.g. factoring in property tax differences between US and their homeland country). The education system results in many PhDs who are experts in their own subject but are idiots outside their own domain.

[carlsbadworker]

[quote=flu]Maybe they just have more money then the average bear and/or manage their finances better…Yes, this is as ridiculous of any generalization than anything else suggested…… Anyone else care to have any brilliant ideas?[/quote]

OK. Since this is a thread about stereotype and ridiculous generalization, I will go some extra length here. Yes, they have more income than average, and save better, which results in a better qualification for home ownership, but then they are blinded by the home ownership because they have skins in the game.
So on one hand, we know that poor math skills would result in terrible financial decisions, but on the other hand, the Asian population proves that being good at math does not equal to being financially smart.
Asians are generally not good investors, mostly because they lack the investment options in their homelands, so they are not trained to think like an investor. As a result, they lack the good perspective in analyzing the investment options (e.g. factoring in property tax differences between US and their homeland country). The education system results in many PhDs who are experts in their own subject but are idiots outside their own domain.

[carlsbadworker]

[quote=flu]Maybe they just have more money then the average bear and/or manage their finances better…Yes, this is as ridiculous of any generalization than anything else suggested…… Anyone else care to have any brilliant ideas?[/quote]

OK. Since this is a thread about stereotype and ridiculous generalization, I will go some extra length here. Yes, they have more income than average, and save better, which results in a better qualification for home ownership, but then they are blinded by the home ownership because they have skins in the game.
So on one hand, we know that poor math skills would result in terrible financial decisions, but on the other hand, the Asian population proves that being good at math does not equal to being financially smart.
Asians are generally not good investors, mostly because they lack the investment options in their homelands, so they are not trained to think like an investor. As a result, they lack the good perspective in analyzing the investment options (e.g. factoring in property tax differences between US and their homeland country). The education system results in many PhDs who are experts in their own subject but are idiots outside their own domain.

[Coronita]

[quote]
Asians are generally not good investors, mostly because they lack the investment options in their homelands, so they are not trained to think like an investor. As a result, they lack the good perspective in analyzing the investment options (e.g. factoring in property tax differences between US and their homeland country). The education system results in many PhDs who are experts in their own subject but are idiots outside their own domain.
[/quote]

LOL.. Although I consider myself fully an American. Check the scoreboard buddy.. When I see a $0 budget, let alone a running budget surpluses instead of running this country into the ground knee in debt…I’ll starting entertaining the idea that majority of americans can manage their finances..
I can’t think of a bigger sense of irony than seeing this country knee deep in debt and folks actually thinking that we’re good at managing our finances.
The majority of piggingtons are NOT representative of the majoriry of american’s view on money..

…and just remember, who invented the “buy now, pay later” mantra…. ‘nough said.

[Coronita]

[quote]
Asians are generally not good investors, mostly because they lack the investment options in their homelands, so they are not trained to think like an investor. As a result, they lack the good perspective in analyzing the investment options (e.g. factoring in property tax differences between US and their homeland country). The education system results in many PhDs who are experts in their own subject but are idiots outside their own domain.
[/quote]

LOL.. Although I consider myself fully an American. Check the scoreboard buddy.. When I see a $0 budget, let alone a running budget surpluses instead of running this country into the ground knee in debt…I’ll starting entertaining the idea that majority of americans can manage their finances..
I can’t think of a bigger sense of irony than seeing this country knee deep in debt and folks actually thinking that we’re good at managing our finances.
The majority of piggingtons are NOT representative of the majoriry of american’s view on money..

…and just remember, who invented the “buy now, pay later” mantra…. ‘nough said.

[Coronita]

[quote]
Asians are generally not good investors, mostly because they lack the investment options in their homelands, so they are not trained to think like an investor. As a result, they lack the good perspective in analyzing the investment options (e.g. factoring in property tax differences between US and their homeland country). The education system results in many PhDs who are experts in their own subject but are idiots outside their own domain.
[/quote]

LOL.. Although I consider myself fully an American. Check the scoreboard buddy.. When I see a $0 budget, let alone a running budget surpluses instead of running this country into the ground knee in debt…I’ll starting entertaining the idea that majority of americans can manage their finances..
I can’t think of a bigger sense of irony than seeing this country knee deep in debt and folks actually thinking that we’re good at managing our finances.
The majority of piggingtons are NOT representative of the majoriry of american’s view on money..

…and just remember, who invented the “buy now, pay later” mantra…. ‘nough said.

[Coronita]

[quote]
Asians are generally not good investors, mostly because they lack the investment options in their homelands, so they are not trained to think like an investor. As a result, they lack the good perspective in analyzing the investment options (e.g. factoring in property tax differences between US and their homeland country). The education system results in many PhDs who are experts in their own subject but are idiots outside their own domain.
[/quote]

LOL.. Although I consider myself fully an American. Check the scoreboard buddy.. When I see a $0 budget, let alone a running budget surpluses instead of running this country into the ground knee in debt…I’ll starting entertaining the idea that majority of americans can manage their finances..
I can’t think of a bigger sense of irony than seeing this country knee deep in debt and folks actually thinking that we’re good at managing our finances.
The majority of piggingtons are NOT representative of the majoriry of american’s view on money..

…and just remember, who invented the “buy now, pay later” mantra…. ‘nough said.

[Author]

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