Getting what they Deserve; 2010 U.S. Census shows From 2005-2009, 74% Hispanic/Latinos Biggest Losers in Real Estate Investments, With Whopping 66% Losses in Net Worth’s:

Getting what they Deserve; 2010 U.S. Census shows From 2005-2009, 74% Hispanic/Latinos Biggest Losers in Real Estate Investments, With Whopping 66% Losses in Net Worth’s:

By Marc Chamot

The wealth gap between white, black Americans and Hispanic/ Latinos, is the widest it has been in the 25 years since the government has kept figures on economic net worth’s of all races.

Pew Research Center crunched up some 2010 census figures on American races and their net worth’s. But somehow, it sounded kind of racist to me; however the Census showed all races were pretty damaged, economically by current economic recession that has afflicted this nation.

During the recessions dating back from 2005 to 2009, white Americans have lost only 16% of their Net worth, while African Americans lost 53% and Hispanic/Latino communities lost a bigger share, a whopping 66% of their Net worth.

The 2010 Census also showed that Hispanic households lost 74% of real estate investments, the most of any group during the real estate crisis.

The ratio of wealth between Hispanics and whites more than doubled in the last five years. Basically, Pew is saying whites are keeping their wealth far better during the recession, while U.S. Blacks and Latinos are getting poorer and going to the POOR house during this recession.

In regards to the nation’s African Americans, it’s obvious and I will say it again; President Obama has NOT done anything to improve the chaotic economical ‘employment’ conditions for African Americans. Actually, they are worse off under Obama than they were under any previous administrations. According to a posted comment in the same article;

“How many black Americans lost their jobs when Obama ordered the Boeing factory shut down?
How many black Americans lost their jobs when Obama ordered the closure of dozens of drilling rigs?
How many black Americans will lose their jobs when Obama's lieutenant Jeff Immelt moves GE's X-ray business to China?
How many black Americans will lose their jobs as Obama closes down coal power plants?
How many black Americans will lose their jobs as Obama orders light bulb factories to close?
How many black Americans will lose their jobs when Obamacare crushes small business hiring?”

Those are valid points, but then again, another oft ignored valid point that is killing America’s blacks from working opportunities, is the president insistence for supporting legalization of illegal immigrants, those who are in direct competition with African Americans in most jobs.

Why are U.S. Hispanics/Latinos most affected by this recession? And so, what do they want us to do? Bail them out too?

It’s obvious to me there is RACE envy behind this report and I don’t like it There are other sinister FACTS that most pro-Latino groups, such as Pew Hispanic Center wants to ignore, as to why Hispanics are MOST affected by this economy.

Number one, communications, this recession has brought about an abundance of new competitors for available JOBS. 

Whereas before, jobs that unemployed ‘White’ Americans wouldn’t do, employers are taking another look towards the more EDUCATED English speakers in lieu of uneducated non-English speakers, they might be pay a little more, but return on investment is well worth it.

Many ‘white’ Americans have lowered their JOB and wage standards and expectations, in other words, they are more willing to work for less to remain employed, rather than live with menial government handouts.

‘White’ Americans have changed their living standards far better than most; they are learning to live with what they have and within their means, ‘White Americans’ are learning that they can live happier lives without having to spend for extravagant things.

That is one chief reason why major items retailers are hurting in sales. White Americans don’t have that extra money to spend on major items anymore, because they are taking bigger pay cuts due to bad economy, being more EDUCATED, they are intruding into former Hispanic/Latino jobs territories.

Hispanic/Latino workers are too overrated as workers, especially the uneducated and illiterate ‘Chacareros,’ those uneducated and illiterate farmers, mainly those from Central and South America, who have been invading this nation for decades.

American employers are finally realizing, these workers are not deemed to what they are purported to be as reliable workers. In San Francisco I was involved with the newspaper industries for years, out of extensive newspaper distribution experience; I have discovered that these Hispanic workers were very unreliable in unsupervised settings.

They are bred in Central and Latin America to work under constant supervision, and they have to be watched constantly and have to be instructed every minute on what they have to do.

Most cannot work under unsupervised settings, and that’s where their bad habits occur, such as in the newspaper distribution, most of them end up DUMPING newspapers at recycling centers en masse, instead of properly delivering newspaper materials to homes honestly.

The way the economy is now, employers want to cut down on supervisors, SO they want WORKERS who they can communicate easily, who are HONEST and can work in unsupervised settings.

Do I feel sorry for the Hispanic/Latino’s plights in this current economy? No! They are primarily culpable as to why they are within the 66% loss of wealth of all races.

They’ve driven down wages and income for all Americans, including theirs. They would go to prospective employers and ask “what are you paying YOUR guy? I can do that same JOB for half the hourly wage that you are currently paying and I can do it better.”

On their QUEST to steal available American jobs, they in turn killed themselves financially, by cutthroat wages all around, it’s pure and simple.

Take for instance San Francisco. I was apartment hunting recently, back around the 1990’s I did numerous stints as apartment manager to supplement the city’s excessive and costly rents. I would sometimes manage apartment buildings so I could get a break on rent. In the past, I would normally get ‘free’ rent, and a small salary, depending on the size of the units.

First, I was shocked at the lack of availability for apartment managers in the city. Back around the 80’s to 90’s, there were apartment managers galore, they came a dime a dozen, when I went out door to door to find my new place, I was shocked at the number of Hispanics/Latinos with limited English, who have taken over these apartment managerial JOBS.

Not only that, those managers do not have to do any paper work or anything else associated with rental agreements, their sole duty is to keep the premises and vacant apartments clean, during my apartment hunting, practically EVERY building run by Latinos, were unkempt and filthy.

I also discovered bad attitudes, some of those Hispanic managers weren’t too happy with their work. As it turns OUT, MOST of them were doing the work for half their rent! In other words, they are doing a lot of work, and on top of it, they still have to pay rent? It shows you folks, how apartment management in San Francisco, went from ‘free’ rent to a possible salary, all the way down to half the rent, for the same work that people did in the 80’s and 90’s! That’s incredible!

In essence, why should I feel sorry for their plight? After these FACTS, why should any American feel sorry for their plight? They brought it all upon themselves.

There are other factors that are placing Hispanic/Latinos in the bottom of the American economic ladder. It’s about the nation’s real estate mess.

Hispanics are 74%, the highest in real estate losses of all races. But are they really? This is what I am hearing from some of the city’s Latino immigrants.

These are the FACTS that American left-wing Media and their pro-immigration cronies wants TO KEEP FROM YOU;

It’s true they are the highest of all races in real estate losses, however many benefited a lot when real estate had its value. I heard it bragged around on how they took thousands of dollars in second mortgages and home loans right before the crisis, many ended up being ‘financial’ winners, even after losing their homes. In other words they scammed and played the system in their favor.

A good many Latinos, never lost any money in their homes, they actually made money by keeping moneys borrowed towards their homes and NEVER paying it back to the bank. We taxpayers had to foot the BILL on this real estate scam to banks who lost billions of dollars in this scam.

Among other factors that is hurting Hispanics in the U.S., with their culture of sending their earnings outside the US to family members, as well as returning to their country of origin to retire, when money is accumulated, all of which is draining U.S. wealth and keeps them in POVERTY here, UNTIL American taxpayers have to FOOT their welfare costs.

Yes folks, they have been gaming and playing our system very well. It’s payback time, and their greed and misdeeds finally catching up to them.