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We are talking about giving homes to people at a discount. Your argument is apparently based on a mix of prejudice and anecdotal observances from your local area. If only there was a time in history we could find what happened when a bunch of poor people were given homes, and how it turned out......Levittown after WWII:But of course, black people need not apply. And guess what? Did these poor people who only had $400 for a down payment default on their mortgages en masse and waste all their money? Nope. But sure, if it’s poor BLACK people, you seem convinced that is what will happen.One of the biggest reasons there is more than a $100K wealth gap per family between white and black people is due to homes being sold at low prices exclusively to white people a generation ago - and that generational wealth being passed on. At the time Levittown was started, black and white people were living together in what you’d call now “projects” in the city. White people were given a cheap and easy way out. Black people were intentional excluded.So, this entire idea below is utter nonsense based on what we actually observed in history when giving people a hand up.
We are talking about giving homes to people at a discount. Your argument is apparently based on a mix of prejudice and anecdotal observances from your local area. If only there was a time in history we could find what happened when a bunch of poor people were given homes, and how it turned out......
Levittown after WWII:
But of course, black people need not apply. And guess what? Did these poor people who only had $400 for a down payment default on their mortgages en masse and waste all their money? Nope. But sure, if it’s poor BLACK people, you seem convinced that is what will happen.
One of the biggest reasons there is more than a $100K wealth gap per family between white and black people is due to homes being sold at low prices exclusively to white people a generation ago - and that generational wealth being passed on. At the time Levittown was started, black and white people were living together in what you’d call now “projects” in the city. White people were given a cheap and easy way out. Black people were intentional excluded.
So, this entire idea below is utter nonsense based on what we actually observed in history when giving people a hand up.
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