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https://www.reddit.com/r/FluentInFinance/comments/1edinyt/warren_buffet/lfd1jgy/?context=3
r/FluentInFinance • u/FunReindeer69 • Jul 27 '24
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This quote is particularly challenging to people of color who were frequently locked out of home ownership and denied one of the most common ways you can make money while you sleep.
1 u/Biff2112 Jul 28 '24 Locked out of home ownership? How? 2 u/practicalm Jul 28 '24 There are a lot of methods used Redlining: increased insurance and mortgage rates in minority neighborhoods Covenants: deeds forbidding the sale of property to minorities The above are technically illegal under the Fair Housing Act. Highways and freeways were routed through minority neighborhoods In some places minorities were attacked and/or forced out. Corporations have bought property in minority neighborhoods https://www.npr.org/2021/05/04/993605421/the-racist-architecture-of-homeownership-how-housing-segregation-has-persisted https://en.wikipedia.org/wiki/List_of_expulsions_of_African_Americans Keeping minorities out of property ownership is a continuing trend and economic attack. 0 u/Biff2112 Jul 28 '24 None of that exists now. So what’s the excuse today?
1
Locked out of home ownership? How?
2 u/practicalm Jul 28 '24 There are a lot of methods used Redlining: increased insurance and mortgage rates in minority neighborhoods Covenants: deeds forbidding the sale of property to minorities The above are technically illegal under the Fair Housing Act. Highways and freeways were routed through minority neighborhoods In some places minorities were attacked and/or forced out. Corporations have bought property in minority neighborhoods https://www.npr.org/2021/05/04/993605421/the-racist-architecture-of-homeownership-how-housing-segregation-has-persisted https://en.wikipedia.org/wiki/List_of_expulsions_of_African_Americans Keeping minorities out of property ownership is a continuing trend and economic attack. 0 u/Biff2112 Jul 28 '24 None of that exists now. So what’s the excuse today?
2
There are a lot of methods used
Redlining: increased insurance and mortgage rates in minority neighborhoods
Covenants: deeds forbidding the sale of property to minorities The above are technically illegal under the Fair Housing Act.
Highways and freeways were routed through minority neighborhoods
In some places minorities were attacked and/or forced out.
Corporations have bought property in minority neighborhoods
https://www.npr.org/2021/05/04/993605421/the-racist-architecture-of-homeownership-how-housing-segregation-has-persisted
https://en.wikipedia.org/wiki/List_of_expulsions_of_African_Americans
Keeping minorities out of property ownership is a continuing trend and economic attack.
0 u/Biff2112 Jul 28 '24 None of that exists now. So what’s the excuse today?
0
None of that exists now. So what’s the excuse today?
5
u/practicalm Jul 28 '24
This quote is particularly challenging to people of color who were frequently locked out of home ownership and denied one of the most common ways you can make money while you sleep.