If this isn't racist nothing is

[Major Tom]

In my area, one politician said he was working to "integrate" all neighborhoods. Here's how they do that: when a nice house goes up for sale, realtors jump on it no matter the price. Why? Because the realtors rent the house under 'section 8 and let minorities move in while charging the government huge "rental" fees. This has happened 3 time in my small neighborhood. The minorities do not take pride of ownership and let the property go to hell. Looking up wat the realtor gets from this is eye opening, $1500 per month is normal. And my property assessment keeps going up. What the?

[togor]

In my area, one politician said he was working to "integrate" all neighborhoods. Here's how they do that: when a nice house goes up for sale, realtors jump on it no matter the price. Why? Because the realtors rent the house under 'section 8 and let minorities move in while charging the government huge "rental" fees. This has happened 3 time in my small neighborhood. The minorities do not take pride of ownership and let the property go to hell. Looking up wat the realtor gets from this is eye opening, $1500 per month is normal. And my property assessment keeps going up. What the?

And the landlords are usually white businessmen renting to minorities, who as you say, have other priorities than keeping up the rental unit. Harris is trying to find ways to change that dynamic, to give minorities a shot at owning their dwellings. An idea that slumlords will surely hate.

[Clark Howard]

In 2007, The year before the "Sub-prime Mortgage Melt-down", over 30,000 mortgages were originated that were never serviced by the FIRST monthly payment. Is this country to be forever trashed and subverted, just because we didn't wish to pick our own cotton?

[Roadkingtrax]

Clark Howard...nothing but white families did I see walking away from homes in 2008-2011? Subprime rates are not race dependent. The controls on the market put in place helped stabilize the greed induced recession. The same mechanisms the current administration are rolling back for foolish reasons.

[Vern Humphrey]

In my area, one politician said he was working to "integrate" all neighborhoods. Here's how they do that: when a nice house goes up for sale, realtors jump on it no matter the price. Why? Because the realtors rent the house under 'section 8 and let minorities move in while charging the government huge "rental" fees. This has happened 3 time in my small neighborhood. The minorities do not take pride of ownership and let the property go to hell. Looking up wat the realtor gets from this is eye opening, $1500 per month is normal. And my property assessment keeps going up. What the?

Here in Stone County, Arkansas, there was a subsidized housing subdivision built recently. Now Stone County is in the bottom third of Arkansas counties, economically, and Arkansas is about 58th in the nation.

So I asked, "Why build subsidized housing here?"

"Because there are a lot of poor people here."

"Well, duh! WHY are there so many poor people? BECAUSE THERE ARE NO JOBS!!! Why would you house poor people where they can't get jobs?" Build houses where there is a booming economy, so the poor can live and get jobs there!

The real reason, of course, is the guy got the land cheap and the government guarantees he'll make a profit. And to hell with the people caught in the Poverty Trap.

[blackhawknj]

There was this notion that if you allowed low income people to become homeowners it would suddenly transform them into upright, responsible solid citizens with middle class mores.
Banks and lending institutions were accused of "redlining"-writing off whole neighborhoods as bad credit risks on the basis of racism.
Because so many would be homeowners could not provide the traditional 20% down for equity, their monthly payments were usually much higher than the traditional 20-25% of family income for housing. That led to all sort of "creative financing" schemes, relying on Social Security checks of an elderly relative, needing 2 or 3 paychecks to pay the mortgage, etc. Lose one of those and.....

[Vern Humphrey]

There was this notion that if you allowed low income people to become homeowners it would suddenly transform them into upright, responsible solid citizens with middle class mores.
Banks and lending institutions were accused of "redlining"-writing off whole neighborhoods as bad credit risks on the basis of racism.
Because so many would be homeowners could not provide the traditional 20% down for equity, their monthly payments were usually much higher than the traditional 20-25% of family income for housing. That led to all sort of "creative financing" schemes, relying on Social Security checks of an elderly relative, needing 2 or 3 paychecks to pay the mortgage, etc. Lose one of those and.....

Yes -- and the government vigorously pushed this. Barney Frank kept the pressure on the financial industry to make unsound loans. Now since a certain amount of loans can be sold to Fannie Mae and Freddy Mac -- why not make bad loans and sell them? You make a nice chunk of change for just doing the paper work!

Barney Frank also blocked audits and investigations, and at one time was sleeping with the Vice President of Freddy Mac. He knew the system was collapsing, but like a lot of con men, he thought it he ignored the problem there wouldn't be a problem.