re: Biden Announces $100bn Investment In Minority Owned Businesses. Appraisals Are Now Racist

Black people see these initiatives as for everyone but them because of the use of the term "minority." So, if it doesn't have Black, Black, Blackety Black all over it Black people, for the most part, will just say this is for mainly White women and everyone else.

Instead of pissing away cash on loans that will be defaulted on.

Just reinvest in the urban areas. tear down old houses, put in newer ones,etc.

All that happens when you force people into others communities, and specifically with blacks, is that crime rises, and white flight happens.

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The administration also is seeking to address disparities that result in black-owned homes being appraised at tens of thousands of dollars less than comparable homes owned by whites

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Feels like this is a solution in search of a problem.

What are the ways home ownership directly leads to generational wealth for white people?

#1 No house payments once mortgage note is paid off during prime earning years.

#2 Equity on home sales.

#3 Inheritance.

#4. Access to HELOC loans to start or expand businesses.

Only 44% of black Americans are homeowners, so the lion's share of these benefits don't even affect the other 56%.

And higher appraisals would hurt many marginal black homeowners who's escrow or tax payments would be equally juiced to match the appraisal. Aren't there frequent articles in The Advocate of gentrification exploiting black citizens who can't afford to live in the "family home" because of increased taxes? This is no different.

Only people this helps, if we're being 100% honest, are mega-corps like Berkshire Hathaway who can buy up a load of houses in shithole poverty-stricken neighborhoods, get the appraisals juiced +10-20%, then sell to developers at a massive profit.

Quick question is biden the most racist president ever. Everything he does hurts white people and give blacks unfair advantages. Fix the housing for everyone not just porch monkeys

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I would love a moron like c on z to make up something

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I want Boos or Peckerhead to take a shot at this but this isn't low hanging fruit. They prefer threads like Trump will be back in August. I don't blame them. It's a path of least resistance strategy. Par for the prog course.

Companies will take advantage of this by hiring tokens.

Its already happening, will get worse.

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Biden's plan focuses on two key creators of wealth: homeownership and small business ownership.

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Here is WeeWee's 3 steps which the federal government can take to help minorities build wealth and promote homeownership and small businesses:

1. Stop supporting organizations who destroy minority owned businesses during mostly peaceful protests.

2. Stop spending money like a meth addict with a winning scratch off ticket. The federal government's deficit spending is out of control. Eventually the federal government is going to have to raise taxes to attempt to bring in more revenue, cut spending, or do nothing and let inflation continue. Letting inflation continue is not going to help promote homeownership or help small businesses, and since raising taxes usually leads to less revenue in the long run; cutting spending is the best way to boost the value of a dollar.

3. Stop paying people to not work. Business cannot make it if they can't afford to hire anyone. When people have money and the extra free time from not having to work eventually they are going to get into some bad habits (i.e. drugs) and those habits lead to crime. Which hurts home values and businesses.

To all the USPS employees that are spying on this website feel free to pass on my suggestions the Big Guy.