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re: Buying a home is easier if you're white
Posted on 2/9/15 at 10:34 am to Will Cover
Posted on 2/9/15 at 10:34 am to Will Cover
A credit score does not see their color of the skin. It seems the content of their financial past/present.
2
Posted on 2/9/15 at 10:41 am to TigerTatorTots
I've defended a few cases where this type of flawed statistical analysis was the basis of a discrimination case. They get heaved out of court very quickly.
Plaintiff:
"The workplace is 1.4% black and the local population is 14.3% black."
Defendant:
"The workplace is 1.4% black and the qualified workforce population is 1.2% black."
Case over.
They need to compare creditworthy black applicants to credit worthy white applicants.
Plaintiff:
"The workplace is 1.4% black and the local population is 14.3% black."
Defendant:
"The workplace is 1.4% black and the qualified workforce population is 1.2% black."
Case over.
They need to compare creditworthy black applicants to credit worthy white applicants.
This post was edited on 2/9/15 at 10:42 am
Posted on 2/9/15 at 10:45 am to TigerTatorTots
quote:
credit score
credit scores are racist. everyone knows black people are given lower scores than whites.
Posted on 2/9/15 at 10:51 am to marchballer
quote:
What does the OT think of this incident.
I think you do not know what a mortgage is.
Posted on 2/9/15 at 10:51 am to Will Cover
quote:
Owning a home is key to unlocking the American dream
not to sidetrack, but for folks under 40 this is decreasingly the case.
Mobility and freedom = American dream. Not tied down to a house/mortgage.
Posted on 2/9/15 at 10:53 am to CAD703X
I've seen a lot of instances of discrimination in my labor/employment law practice.
Restaurant in Texas catches a black employee stealing. Fires the other three black women who worked there on the premise of "if one steals, they all steal." I don't do much employee work, and I was skeptical when the women told me what happened. I participated in the unemployment hearing, and the restaurant franchise owner confirmed what happened.
To the restaurant chain's credit, they reacted quickly when I reported it. They terminated the franchise and rehired the three women. It was a small town restaurant, and all the women wanted was their jobs back. Everything ended up fine.
Restaurant in Texas catches a black employee stealing. Fires the other three black women who worked there on the premise of "if one steals, they all steal." I don't do much employee work, and I was skeptical when the women told me what happened. I participated in the unemployment hearing, and the restaurant franchise owner confirmed what happened.
To the restaurant chain's credit, they reacted quickly when I reported it. They terminated the franchise and rehired the three women. It was a small town restaurant, and all the women wanted was their jobs back. Everything ended up fine.
Posted on 2/9/15 at 10:54 am to LoveThatMoney
quote:
Notice how these studies have given up looking at Asian American statistics
Verwee intawesting. It must not have fit the narrative.
Posted on 2/9/15 at 10:54 am to Will Cover
Getting food stamps is easier if you're black or Hispanic.
My evidence is I was denied food stamps by a racist food stamp office because I was white.
My evidence is I was denied food stamps by a racist food stamp office because I was white.
Posted on 2/9/15 at 10:55 am to TejasHorn
quote:
Mobility and freedom = American dream. Not tied down to a house/mortgage.
Didn't realize there was an exact definition to the "American Dream"
Posted on 2/9/15 at 10:57 am to chinhoyang
quote:
Restaurant in Texas catches a black employee stealing. Fires the other three black women who worked there on the premise of "if one steals, they all steal."
sure these things still happen
quote:
To the restaurant chain's credit, they reacted quickly when I reported it. They terminated the franchise and rehired the three women. It was a small town restaurant, and all the women wanted was their jobs back.
and so does this.
anyone who stereotypes on the basis of race in any way is in for a world of hurt.
Posted on 2/9/15 at 10:59 am to Will Cover
Do you mind showing me the stats on all races who had the exact same income, credit score, and income?
fricking race baiting media like CNN.
The American dream is working for something and making our dreams come true. It's not being here with crappy credentials and getting stuff handed to you.
fricking race baiting media like CNN.
The American dream is working for something and making our dreams come true. It's not being here with crappy credentials and getting stuff handed to you.
Posted on 2/9/15 at 11:03 am to GeeOH
quote:
Do you mind showing me the stats on all races who had the exact same income, credit score, and income?
nope, but i can show you what happens when you do just the opposite:
This post was edited on 2/9/15 at 11:06 am
Posted on 2/9/15 at 11:07 am to Will Cover
As a lender I assure you its based on debt to income ratio and credit scores. Lets talk about those credit scores and who pays their borrowed money back. Fair lending laws are in place to prevent lending based on sex and race.
Posted on 2/9/15 at 11:27 am to udtiger
quote:
I wonder what the average credit scores were, as well as income.
But, yeah, it's race.
This country has an abysmal history of intentionally impeding black home ownership...why would it be hard to believe there are still remnants of that?
Posted on 2/9/15 at 11:32 am to Will Cover
quote:
quote:
Owning a home is key to unlocking the American dream, but it's much harder to achieve if you're black or Hispanic.
quote:
The study found that white people who apply for a conventional mortgage are denied just over 10% of the time.
By contrast, blacks who apply for the same loans are denied nearly 28% of the time, while Hispanics are denied 22% of the time.
I can't wait to see what the solution to this "problem" is.
Maybe deduct points from your credit score if you're white or Asian?
Posted on 2/9/15 at 11:37 am to Will Cover
quote:
Buying a home is easier if you're white
Good.
Posted on 2/9/15 at 12:04 pm to Big Scrub TX
quote:
This country has an abysmal history of intentionally impeding black home ownership...why would it be hard to believe there are still remnants of that?
Because it's not true. It's retarded. You're Income, credit to debt, credit score and last two years tax returns are the only things that determine your mortgage options in 2015.
What happened in Birmingham, Alabama 50 years ago means dick to any lending institutions underwriting. Stop being stupid.
Posted on 2/9/15 at 12:32 pm to Will Cover
I wish I could sell my home. Home ownership sucks.
Posted on 2/9/15 at 12:32 pm to lsufanintexas
quote:
Home ownership sucks.
wut?Posted on 2/9/15 at 12:45 pm to Will Cover
quote:
Owning a home is key to unlocking the American dream,
Not if you can't afford it. Ask the millions of people who had their home foreclosed on.
People think they can get a mortgage that's about the same price as renting but don't factor in the extra expenses.
If you own a home there's no landlord to call when a pipe breaks or your ac goes out or you need a new roof.
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