It’s funny how the other person who replied to me said credit scores are actually the solution to racism. I think you’re the one who’s right it’s just funny. I’d like to take this opportunity to say it’s retarded that you can pay rent for years but not be approved for a mortgage with equal or lesser payments.
You’re showing way too much faith in the institutions that invented the red lining in the first place to imply that the ol’ boys club system wasn’t waaaaay more rife with systemic racism.
The post war recovery laws were literally lobbied to specifically exclude black folks, but sure, home buying was easier for them then than it was post credit scores.
It might have been “illegal” but lenders were still basically doing it anyways, just calling it everything else imaginable. Shit they still do it when they think they’ll get away with it, folks have actually tested it, real estate brokers list houses shown by white “owners” at higher values than those shown by black “owners”
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It’s funny how the other person who replied to me said credit scores are actually the solution to racism. I think you’re the one who’s right it’s just funny. I’d like to take this opportunity to say it’s retarded that you can pay rent for years but not be approved for a mortgage with equal or lesser payments.
Nobody said credit scores were the solution. They were merely a step forward.
Young liberals: “It’s not good enough or fast enough! NOW!!!”
I’ll take what I can get, even if it takes some time.
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It’s you who has held us back, with your obsession with capitalism as a just and fair ruler.
You’re showing way too much faith in the institutions that invented the red lining in the first place to imply that the ol’ boys club system wasn’t waaaaay more rife with systemic racism.
The post war recovery laws were literally lobbied to specifically exclude black folks, but sure, home buying was easier for them then than it was post credit scores.
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It might have been “illegal” but lenders were still basically doing it anyways, just calling it everything else imaginable. Shit they still do it when they think they’ll get away with it, folks have actually tested it, real estate brokers list houses shown by white “owners” at higher values than those shown by black “owners”
Don’t forget about Homeowners Associations! Redlining in another form.
Nobody fucking cares how many black people buy houses. They only care about making the most profit.
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