Biden Outsmarts Home Buyers Good Credit Scores

[WIP]

I understand what you are implying, and this is why I stated that it's a complex and complicated issue. Black people by majority have always been impoverished compared to the majority of White people. The domino effect and self fulfilling prophecy is that if black people don't have access, or if access is manipulated to make it extremely hard to obtain, it's going to be near impossible to improve the communities. Since it was illegal for many generation for black people to live, work, or mingle in areas that white people could easily use. It makes sense that black people by majority will be effected negatively for generations.




Sure. In 1933 there was a housing shortage in cities. So one aspect of the New Deal created the Federal Housing Administration. That which gave heavily subsidized loans and grants to white middle class Americans to move into suburban projects. African Americans were banned from these subsidies and the FHA would not insure or sell to African Americans.


The FHA was the Federal agency that was providing the money and regulations to builders, insurers, and realtors.

When the Cival rights act passed and made it illegal to discriminate based on race, that's when the Southern strategy became more popular. Since black people could now access federal programs and would be high demographics for them by capita, the rhetoric changed to attacking poor people in general, since it could be argued there are poor whites as well. The purpose was the same, just harder to prove.

We see this theough how rhetoric evolves. I can say the same for liberal rhetoric as well. There is always a through line of liberals being fistainful to labour, and conservatives being against non whites and non Christians.

This isn't saying the general public, but how rhetoric and politicians push issues. I would say modern Republicans are generally Evangelical, white, lean towards Austerity, and anti LGBT. Modern Democrats are pro LGBT, Pro Welfare, reliously liberal, and pro academia.






You might be fine. My biggest issue was losing 2 cards in rapped succession and then both of my balances for those cards being turned into collections immediately. I'm rebuilding, buy it's made my life considerably harder. Got into payday loan cycles for a summer to help my Mom out. I'm also free of that but it rakes years for it to fall off your report.

Everything you are speaking of is primarily past history of nearly 100 years ago. History can teach us important lessons, this is true, and it has. While we aren't living in Shangri-la, things are considerably better today from what they were over 100 years ago. We can't keep applying prejudice where prejudice doesn't exist and that's precisely what happens. Some (fill in your favorite skin color, race, gender, sexual orientation, etc.) hold all of one group or another accountable for certain behaviors of a few. Then we pass laws that do likewise and foster continued resentment between the groups rather than healing. Why? Because we are more interested in vengeance than we are in just eliminating prejudice.

We can't keep living in the past. I'm full blooded German. If I dug far enough back into my past, I'm sure I could find that in some time my ancestors were oppressed and even enslaved. Possible by ancient Rome. Should I be holding Italy accountable to give me restitution for that? I'm just happy it hasn't and doesn't happen to me today. Actually, I only have to go back about 100 years to find when German people were oppressed by the WWI allied countries. When Germany surrendered the Allies weren't happy with that but rather had to seek revenge and punish Germany even more. Would it be fair or right for me to hold the world accountable today for it too and demand special treatment and restitution from the Allied countries for something I wasn't even alive to experience or do I follow Jesus and forgive?

Gang wars go on and on and on. Why? Because its all about vengeance. Group A does something to a member of Group B so Group B has to retaliate. Then Group A is inspired to retaliate for that retaliation and the war goes on.

Prejudice and vengeance are horrible things indeed.

 

[Barbarian]

A lot of good my so-called "white privilege" did me.

You have to realize that the credit system is designed to favor lenders not borrowers. So someone like you is not a "good citizen" according to the guys who lend. The trick is to play the system. My wife is very good at it, and by carefully borrowing and repaying quickly, one can pump one's credit rating up. Which is what she does.

 

[Barbarian]

We can't keep living in the past. I'm full blooded German. If I dug far enough back into my past, I'm sure I could find that in some time my ancestors were oppressed and even enslaved. Possible by ancient Rome.

Actually, they weren't. Do a search on "Armenius" and "Battle of Teutoburg Forest", to find out why. Germany was temporarily occupied by Rome, but the German tribes were just untamable.

 

[Milk-Drops]

Everything you are speaking of is primarily past history of nearly 100 years ago. History can teach us important lessons, this is true, and it has. While we aren't living in Shangri-la, things are considerably better today from what they were over 100 years ago. We can't keep applying prejudice where prejudice doesn't exist and that's precisely what happens. Some (fill in your favorite skin color, race, gender, sexual orientation, etc.) hold all of one group or another accountable for certain behaviors of a few. Then we pass laws that do likewise and foster continued resentment between the groups rather than healing. Why? Because we are more interested in vengeance than we are in just eliminating prejudice.

That is not what I'm doing here. I'm pointing out the history so we can learn from it. I'm point8ng out why adjustments are being made. The problem may be old, but at some point it needs addressed or it's just going to get worse.

We can't keep living in the past.

I agree, so now that we understand what the problems are, we can address them and move on.

I'm full blooded German. If I dug far enough back into my past, I'm sure I could find that in some time my ancestors were oppressed and even enslaved. Possible by ancient Rome. Should I be holding Italy accountable to give me restitution for that? I'm just happy it hasn't and doesn't happen to me today. Actually, I only have to go back about 100 years to find when German people were oppressed by the WWI allied countries. When Germany surrendered the Allies weren't happy with that but rather had to seek revenge and punish Germany even more. Would it be fair or right for me to hold the world accountable today for it too and demand special treatment and restitution from the Allied countries for something I wasn't even alive to experience or do I follow Jesus and forgive?

You can forgive. I'm not saying you can't forgive. This is more Bout addressing a widespread problem. We are talking infrastructural and defranchisement. Let's address it so we can forgive and forget.

Gang wars go on and on and on. Why? Because its all about vengeance. Group A does something to a member of Group B so Group B has to retaliate. Then Group A is inspired to retaliate for that retaliation and the war goes on.

Yeah its about money, control and power. A good way to cut the head off that snake is to take their leverage away. Impoverished communities that take broken home kids into the streets.

Prejudice and vengeance are horrible things indeed.

Agreed, so let's fix it.

 

[WIP]

You have to realize that the credit system is designed to favor lenders not borrowers. So someone like you is not a "good citizen" according to the guys who lend. The trick is to play the system. My wife is very good at it, and by carefully borrowing and repaying quickly, one can pump one's credit rating up. Which is what she does.

And you think it should favor the borrower? Maybe you'd let me borrow from you then? The fact is, the person borrowing is responsible to honor the commitment he/she made. If not, their credibility is damaged and word gets around, hence the purpose of a credit rating. When someone defaults or is often late with payments, lenders will be more hesitant to enter into another contract with that person.

 

[WIP]

Agreed, so let's fix it.

What is your solution. Honestly, reversing the roles of discrimination is not a workable solution but only adds fuel to the fire.

 

[WIP]

What is your solution. Honestly, reversing the roles of discrimination is not a workable solution but only adds fuel to the fire.

Things can only change when there is a change of heart and it can't be denied that changes have been made over the years as they are much better today than they were 100 years ago. Guys like Martin Luther King have done much to change that attitude but laws and looting and destruction do little and in fact cause more division. I've experienced it in my own circle of friends. Some of them have admitted themselves that they have been becoming more prejudiced in recent years as a result of what has been happening.

 

[hawkman]

You have to realize that the credit system is designed to favor lenders not borrowers. So someone like you is not a "good citizen" according to the guys who lend. The trick is to play the system. My wife is very good at it, and by carefully borrowing and repaying quickly, one can pump one's credit rating up. Which is what she does.

I thought the lenders looked most favorable on loans if you were never late and carried the loan full term ? But maybe your wife has found the secret to the system , how does she time the loans ? You got me curious .

 

[Milk-Drops]

What is your solution. Honestly, reversing the roles of discrimination is not a workable solution but only adds fuel to the fire.

I'm not saying reverse the roles of discrimination. I. Replying to how this thread and the article it's referencing is trying to frame this. The article is claiming people with high credit scores are getting punished. They are not. What's happening is that people under a certain percentage are fitting programs to help them with obtaining property. Nothing is being done to people with high scores.


Personally I think areas that have historical been under represented and under funded need over hauls. The problem is, the Republican party isn't interested in allowing these areas to improve since they mostly vote Democrat.

We need to redo how education is funded. Fet it away from property taxes, or created uniform property taxes. Or better yet. Use total property tax to fund areas based on population and not wealth.

Work with community leaders to bring business and community to impoverished areas. Etc.

 

[Milk-Drops]

Things can only change when there is a change of heart and it can't be denied that changes have been made over the years as they are much better today than they were 100 years ago. Guys like Martin Luther King have done much to change that attitude but laws and looting and destruction do little and in fact cause more division. I've experienced it in my own circle of friends. Some of them have admitted themselves that they have been becoming more prejudiced in recent years as a result of what has been happening.

A huge issue is that looting is a sighn that something is drastically wrong. Since the 70s it has been know that Red lining did the largest amount of damage. The CRT stuff many reps don't want in schools goes over this. The point is that white people aren't the problem, but past racists left us current day people a huge mess. So we aren't racist, systems set up by racists are the problem.

 

[Barbarian]

And you think it should favor the borrower?

No. It should be equitable for everyone. But of course, lenders set the rules.

The fact is, the person borrowing is responsible to honor the commitment he/she made. If not, their credibility is damaged and word gets around, hence the purpose of a credit rating.

In most cases, it works. But there are scam artists in business of fraudulent bills who play the system. I had one try me once for a bill a relative incurred. Took a little research, but I got him.

 

[Barbarian]

So we aren't racist, systems set up by racists are the problem.

This is the point of CRT; shaming people isn't the answer. Addressing the structures that perpetuate racism is what works. U.S. military had this figured out early on. In my training, a senior NCO told us "make it unprofitable to be a racist and racism goes away."

 

[Consecrated Life]

If the black community was not so circumscribed in it's lack of diverse thinking they would be sitting just as pretty in home ownership as the Hispanic community is right now.
I know it's not their fault , it's just the way African Americans were born being the message the President has
communicated.

Biden: Latino community is diverse, ‘unlike the African American community’


But still, the Hispanic community operating as a much smarter community in terms of it's great capability in diverse thinking has dropped a mountain of bread crumbs showing the path for the African Americans .
Still they just don't get it intellectually.
Maybe only the lighter color poor kids are actually as smart as white kids?

https://www.nytimes.com/2019/08/09/us/politics/joe-biden-poor-kids.html

Joe Biden Says 'Poor Kids' Are Just as Bright as 'White Kids'​

 

[Barbarian]

I thought the lenders looked most favorable on loans if you were never late and carried the loan full term ? But maybe your wife has found the secret to the system , how does she time the loans ? You got me curious

One thing is, she keeps getting these offers for cards with zero interest if you pay it back by a certain date. Most people get the card, fail to pay it all off by the date, and then find that they are on the hook for all the interest that would have accrued, even if they are a penny short of the payoff. And the interest is terrible. She borrows than pays it back in time and gets free money. Apparently, the lenders get enough off the sheep who fall for it, that they don't mind the occasional person like Mrs. Barbarian. That's the one I can understand.

Accounting is her thing, and she's got a very sharp pencil.

 

[Barbarian]

Biden: Latino community is diverse, ‘unlike the African American community’

Yeah, it tickles me that so many ignorant people think that all Hispanics are a single ethnic group, with the same culture. I had a friend in college who was Venezuelan and he really didn't understand Norteno or Tex-Mex culture at all. And then Puerto Rican culture is very distinct from Mexican or Central American cultures.

Black people in America are becoming more diverse, with Haitian and East African immigrants adding to the mix. But it's still not like Hispanic, which also includes some black people.

 

[Consecrated Life]

President Biden has led the way in telling how to overcome racist lending systems, and all white supremacists systems for that matter.
And the President says we can all thank the transgendered community for helping the hapless non-diverse African American in overcoming their intellectual inabilities by simply changing their race.
Yes ! In the same way a person can become transgendered , you simply become transraced .
And just like that you are legitimately transraced, and no longer an inferior African American,

Biden says 'you ain't black'​

BET founder: Biden’s ‘you ain’t black’ remark​

 

[Barbarian]

And yes, Hispanics have had very little progress in increasing their rate of home ownership, although it's improved somewhat:

49% of Hispanic Americans Own Their Home, Compared With 74% of White Families–But the Gap Has Narrowed Slightly Over the Last Decade

The Hispanic-white homeownership gap is narrowing as the largest group of Hispanic Americans ages into prime homebuying years.

www.redfin.com

A realtor's group identified some major structural problems for black people looking to buy a house, most notably:

• Nearly a quarter of the disparity in home ownership costs for Black homeowners is caused by local property tax assessments. The authors cite that Black homeowners bear a 13 percent higher property tax burden in the same jurisdiction as white borrowers.
• In total, the average Black homeowner will pay an additional $13,464 over the life of the loan, which amounts to $67,320 in lost retirement savings for Black households.

No evil racist plot here; just a leftover from racism many years ago.

 

[Barbarian]

And the President says we can all thank the transgendered community for helping the hapless non-diverse African American in overcoming their intellectual inabilities by simply changing their race.
Yes ! In the same way a person can become transgendered , you simply become transraced .
And just like that you are legitimately transraced, and no longer an inferior African American,

That's better than Jewish Space Lasers and WHO police forces. Just when you think they couldn't come up with a crazier conspiriacy theory, they step up and do it.

 

[jasonc]

I'm not saying reverse the roles of discrimination. I. Replying to how this thread and the article it's referencing is trying to frame this. The article is claiming people with high credit scores are getting punished. They are not. What's happening is that people under a certain percentage are fitting programs to help them with obtaining property. Nothing is being done to people with high scores.


Personally I think areas that have historical been under represented and under funded need over hauls. The problem is, the Republican party isn't interested in allowing these areas to improve since they mostly vote Democrat.

We need to redo how education is funded. Fet it away from property taxes, or created uniform property taxes. Or better yet. Use total property tax to fund areas based on population and not wealth.

Work with community leaders to bring business and community to impoverished areas. Etc.

Every one unless exempted is paying ad valorem in my state .those that own

You only get one homestead exemption.im one of the few property owners on my street .otherwise it would be paved .exemptions don't apply to school board mileage rates .

 

[Consecrated Life]

I think it is wrong to blame ultra liberal, white supremacists for cloistering themselves in their own communities keeping their children far away from black communities where the people are not very articulate and do not bathe regularly.
Our president has led the way in making this happen,
This is about CHILDREN !
The President's CHILDREN !
Your CHILDREN !
My CHILDREN !
Protecting our CHILDREN !
From the dark Jungle inhabitants .

"Unless we do something about this, my children are going to grow up in a jungle, the jungle being a racial jungle" ( President Biden )