How Indian Americans Came to Run Half of All U.S. Motels

Re:How Indian Americans Came to Run Half of All U.S. Motels by AdamM12 on Wednesday September 05, 2018 @04:08PM (#17921464)

Worked in restaurant industry. Latino workers had a pool of money that the all put into and if I remember correctly they rotated who the paid it out to for big purchases like this. I think they mainly used it for like cars and homes.

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Re:How Indian Americans Came to Run Half of All U.S. Motels by ofcrpls on Wednesday September 05, 2018 @05:05PM (#17921922)

These are called https://en.wikipedia.org/wiki/Chit_fund. Pretty common in countries where access to the formal banking sector, especially for women who are home-makers, is complicated.

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Re:How Indian Americans Came to Run Half of All U.S. Motels by AdamM12 on Wednesday September 05, 2018 @08:49PM (#17923128)

Awesome didn't know what the formal name was.

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Re:How Indian Americans Came to Run Half of All U.S. Motels by learc83 on Wednesday September 05, 2018 @04:26PM (#17921615)

I had an ex-girlfriend whose family did this. I had no idea it was a cultural thing (she was from Mexico). I just just thought it was specific to her family. If I remember correctly though, it caused a far amount of problems because people would often stop paying after their turn.

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Re:How Indian Americans Came to Run Half of All U.S. Motels by AdamM12 on Wednesday September 05, 2018 @08:52PM (#17923135)

Yeah I can imagine. Really has to be close nit so you can put social pressures.

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