Made primarily for three reasons:
1. Asians and Hispanics apparently aren't quite white enough to fit the "standards" of many WAPS-s.
2. Dubs aren't American enough for many WASP-s and having to read subtitles or, "Gasp!", learn another language, is too hard for many of them.
and most of all,
3. To create shitty direct-to-video sequels based-off their "original" creation and desperately attempt to profit from pale imitations of something that was never theirs to begin with.
-Why would I want to go and watch a bunch of White wannabes struggle with the sudden recognition of the meaning of their cultural selves. That's Whitesploitation!
-Uh yeah, but you're white, dude. Don't you like struggling with the recognition of the meaning of your cultural self?
-True. Seeing that flick would be so meta.