statues of churchill still standing?
statues of churchill still standing?
Before the 2008 crash plenty of black people and indeed white people, who really should not have been getting loans, did indeed get their loans. And what happened? It crashed the economy. We should not give loans easily to people.
Also, what is this thing about getting a job? Dennis you have said several times that you do well, so who exactly is denying you this mysterious job? Have you lost the job?
Do you honestly think people think about who made the car? I am sure plenty of black people work in car factories and people still buy the car. If you want a black car company then maybe a black person could set one up. I would buy it if it was affordable and efficient, but please no bling as that is distasteful.
The part about the car was nonsense. The part about the houses and loans is all too real.
You need to re-examine your views, Miles.
Restrictions were put on house ownership in many U.S. cities which kept blacks from owning homes..... and many of these restrictions persevered well into the 20th century.
Why do you think blacks traditionally occupy the worst neighborhoods? Why do you think the percentage of home ownership by blacks is so low as compared to whites?
As much as some would like to bury the past and pretend it never happened....... it's not possible.
Are we defending the predatory subprime lending or am I missing something.
I can personally tell you in my own neighborhood a black family was pretty much discouraged by neighbors to not buy a house, via rude welcoming during the property viewing, and being intentionally snubbed that afternoon in a community BBQ by a man named Al Bonwick. I saw it with my own eyes, we were playing stickball on a Saturday afternoon, it was cold, rude, weird and def racist. And he knew it.
People could get loans but they were unfavorable. Now there I would point out what I would call racism, but blacks could indeed get loans, but they wouldn't be good one's. I am not sure why an income of 200 grand a year would even need a loan, but again that is my mentality as I am good with money. I would just save for a few years and buy within my price range, but people and their 20 year mortgages.
It was a factor for sure and the issue was people taking on loans that were not good loans. You need to read the small print. Banks were very naughty. Not just homes but many kinds of loan. Not a fan of loan culture myself.
Don't start with the personal stuff when you have never even bought a home. You know full well black people have mortgages and homes. It isn't India.
I think we're going off on a tangent here. Denilson's point was the historical disparities in home ownership between blacks and whites. Much of this is due to restrictions on deeds which existed in the books until well into the 20th century. This is a major factor in the horrific disparities we see today. Much of the segregation still existing in U.S. cities is due to factors such as these. This has nothing to do with favorable and unfavorable loans and banks being naughty. "Blacks could indeed get loans"? Sorry... history doesn't back you on that.
Why are we still talking about 2008, Miles?
Frankly (and I don't care what Emily Badger whoever she is says)...... it's like we're talking two different languages right now. I'm struggling to maintain a cordial tone, but it's mind-boggling how I keep mentioning discrimination against blacks in home ownership going all the way up to the mid to late 20th century......... and you keep on talking about 2008 and good loans and bad loans.
History shows that blacks were denied home ownership in many cities well into the 20th century and this has caused the wide disparity we see today.
Can we get off types of loans, credit cards, and pawn shops already?