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re: The Atlantic publishes article claiming white folks stole 6.6 billion dollars of land

Posted on 8/12/19 at 3:29 pm to
Posted by Big Scrub TX
Member since Dec 2013
34344 posts
Posted on 8/12/19 at 3:29 pm to
quote:


When and where was residential real estate stolen? The government is not REQUIRED to loan you money.
If the government is either lending money directly or insuring non-direct loans and then excludes an entire part of the population based purely on race, then I don't have to explain to you that that is unconstitutional.

It had the effect of: a)locking most American blacks out of the housing market in the mid-century...arguably the single most important appreciating asset which basically built the middle class in this country and b)causing a shortage of suitable rental housing for blacks who were denied purchasing, thus sky-rocketing the price for rentals and insuring slumlord-like conditions.

All aspects of the American "system" were in play here - private citizens on the ground, the FHA, the judges, the banks, etc.
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