Kamala Harris unveils $100 billion black homeownership plan

Red lining is about credit history. So that’s not the premise.

 

She heard you wonder hey? LOL.
Why don't you want blacks to own homes?

Do you want to redlining policies to continue?

What exactly are you claiming is discriminatory? You spouted something about it but didn't say why.

 

Good stuff.

 

Nobody should get a home because of skin color, we shouldn't see skin color for that matter. People are people, apply the same standards to all period.

 

Im watching the hilarity on democrat underground.

She's losing a crap ton of support.

 

People are getting all sorts of things in this country because of skin color. Whites get favorable credit because of skin color.
But I agree, skin color should not be a consideration.
What exactly is the policy about skin color you are concerned about?

From the link:
Under Harris' proposal, homebuyers who rent or live in historically redlined communities can apply for a federal grant of up to $25,000 to assist with down payments or closing costs. Harris' campaign estimates that this will help up to 4 million families.

So redlining has a lot to do with skin color.
And she wants to help those who are redlined due to skin color.
Maybe the whites should heed your call for not caring about skin color.

 

Where the F does my skin color show up in my credit report? That’s the dumbest thing I’ve read in a long time.
Whites get favorable credit scores? **** of here with that crap.

 

I see and what do blacks get?

 

Oh please. Next you’ll say being white is beneficial on college acceptance applications too. This isn’t the 70s. It’s 2019. Black people aren’t discriminated on any sort of application...job, bank, college, loan.... they’re terrified of being accused of any sort of discrimination now that it’s a boon, assuming you’re not a complete flake.

 

So you don't know the history of the policy of redlining. No one can help you with that lack of knowledge, but you.

 

Nothing. They used to get free housing and beatings when the country was founded though.

 

Why would I say that?
This is about home ownership and the history of redlining.
Stay up to speed.

 

How much taxpayer money will get spent? None, so why claim otherwise?

The Presidency is an important office, but it has limits on what it can do. Our government is designed to prohibit being changed by laws, unless the laws are supported by at least 60% of the Senate. I don't anticipate any large spending bills getting passed after 2020 and maybe not even after 2022 elections get seated, other than budgets.

 

That’s what she’s proposing, but with extra incentive to buy in red lined areas.

Redlining is the discriminatory practice of denying financial or other services for low-income and minority communities

 

I don’t know. You said something as stupid as black people are still discriminated based on data a bank doesn’t even know, so why not? That history IS HISTORY. Its just more AA. Where does it end?

 

How much of my credit score is attributed to being white? Or is it because I am genetically predisposed to paying my bills on time?

 

What makes you think the bank doesn't know? That seems a rather stupid statement to make.
If you know HISTORY, then you should know the practice of redlining. Do you?

 

Redlining is the discriminatory practice of denying financial or other services for low-income and minority communities.
It seems, redlining doesn't just go by credit score.

Do you know what redlining is? How long the practice has been going on?

 

History. Not today. You can’t fix people today for past crimes by GIVING THEM MONEY. That fixes nothing. It only puts a bandaid on whatever supposed problem you’re trying to solve. If you have good credit and a good job then a reasonable loan you can afford will be offered. If you have shitty credit, a bunch of debt and a questionable work history then yeah, the bank is going to be tight. Can you blame them?

 

She'll just tank her own campaign the more she opens her mouth. lol

 

You seem to be uninformed.
There are still neighborhoods that get discriminated against when it comes to home loans. Hence the reason for Harris proposal. Can you blame her?
It's not being based on credit or debt, but by neighborhood.

 

How the Fair Housing Act Failed Black Homeowners
...

Fifty years after the Fair Housing Act, the full historical weight of banks’ discriminatory practices is still evident in the persistent racial segregation of communities. While discrimination in lending is illegal, disparities in lending are enormous. According to an investigation by Reveal from the Center for Investigative Reportingearlier this year, African Americans and Latinos continue to be denied mortgages at far higher rates than whites in 61 metro areas. Using the data from Reveal and other sources, CityLab has visualized how that discrimination manifests itself in two of those cities.

Mapping where banks approve or reject mortgages reveals a stark and dramatic pattern of disparity: Where de jure segregation was once the rule, de facto segregation still persists. For example, in Jacksonville, new home mortgages still fall within the very same lines that banks drew to prevent black families from moving into white neighborhoods or building wealth some 80 years ago.
...
FYI

 

So, it will apply to poor white areas?

 

Such obfuscation, omission, and flat-out misdirection. Unbelievable that this nonsense is believed - by anyone, much less the people who churn such stuff out.

All bank lending (in the 21stC) is based on risk. The 'machines' (and even the human bean counters) don't know or care what colour you are, they care only that the numbers crunch. If more black people are failing to qualify, it means more black people are a bad credit risk. It has NOTHING to do with discriminatory bank policy. The reverse is seen in my country, where the least likely to qualify for loans are white trash and new migrants - and the new migrants only because they have no financial history, being new to the country.