Somalis to protest against raising rents in Minneapolis.
- Thread starter Ahmed Ato
- Start date
Housing prices are way too high in Minneapolis these days
What about the salaries?
Salaries for the Somalis are rising as the diaspora matures and enters the workforce
Lady Whistledown
Igu Waalo
Theres no one on earth who wants their rent raised. What’s the problem?
I notice you awfully say a lot of slick shit about Somalis
be honest, what’s your real ethnicity?
Old lurker hereI notice you awfully say a lot of slick shit about Somalis
be honest, what’s your real ethnicity?
, he’s half Somali half Asian (Korean or Japanese)I hate to say it but Islam’s stance on mortgages is severely handicapping Muslim immigrants from acquiring generational wealth via property ownership.
Imagine if these Somalis have bought property 10-30yrs ago…..they would all have either been full owners with no debt or have significant equity capita to downsize. All the other immigrants have no issues getting mortgages.
And you know what the strange thing is…….out of all the Muslim communities is my experience Somalis are the most averse to taking bank loans/mortgages…..the arabs where I live/Turks/Pakistanis have zero issues. I’m sure there are individuals who don’t for religious reasons. But on a community level they have no qualms about mortgages.
Imagine if these Somalis have bought property 10-30yrs ago…..they would all have either been full owners with no debt or have significant equity capita to downsize. All the other immigrants have no issues getting mortgages.
And you know what the strange thing is…….out of all the Muslim communities is my experience Somalis are the most averse to taking bank loans/mortgages…..the arabs where I live/Turks/Pakistanis have zero issues. I’m sure there are individuals who don’t for religious reasons. But on a community level they have no qualms about mortgages.
All rents are going up nationwide. Salaries are meant to increase as well so they should maybe fight for raises.
They're still making some rich cadaan wealthy by renting though.
Some info on halal mortgages:
They're still making some rich cadaan wealthy by renting though.
Some info on halal mortgages:
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Somalis need to stop wasting so much money on car payments and investing in real estate. I was looking for a new car with my aunt today and she was busy telling her teen aged kids to purchase Mercedes Benz as soon as they finish college
Somali financial literacy waa eber. Zero zilch.
Somali financial literacy waa eber. Zero zilch.
Try live in the UK, these people rents are cheaper I lived in the US before.
You can't in this hot crazy expensive real estate market.
UK is more expensive for sure
digaagjecel
SSpots starting point guard
Broke ass niggas complaining about the rent being raised. A studio in my city is 1,600, minnehopeless needs to be grateful.
What city you in lol? I live free with grandma when i sold my BP house. I'm waiting for real estate crash before I buy a home again
where do you live?
I pay $650 a month for a 1 bedroom 1 bathroom 1,000 square feet apartment here in San Diego which is cheap by California standards. I’m assuming you live in cali? Most apartments/studios in LA are around that price range that you mentioned.
The Midwest has some of the most affordable housing/rent in the country, try living on the west coast (San Diego, LA, The Bay Area, Portland, Seattle etc) & compare the cost of living. Somalis in Minnesota should be grateful instead of protesting lol.
