thenewjs23
But race is a factor here. We know--we have scores of data to prove the fact--that minorities were disproportionately targeted and exploited by means of predatory lending.
Even so, temporarily putting race aside, this underscores a fundamental truth about wealth building: diversification within assets is key.
In simpler terms, don't put all of your eggs in one basket. Unfortunately, blacks and other minorities tend to favor one basket for all their eggs.
The growth in wealth disparity between the 1% (largely white) and everyone else is rooted in the fact that the former group is well diversified in their investment; thus, they can take a hit in the housing market and come out fairly unscathed.
As a people, blacks and other minority groups should amend their approach to wealth building and begin harnessing the power of diversification; of course, here too, there will be challenges and obstacles, but I believe in the long run this approach will prove profitable.
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rare gems in se just gotta look hard lucky i found a steal in se
(granted this was a year ago)
Hell, last time I was down there it ain't look like it(granted this was a year ago)
A bunch of cats walking around in ski suits looking like they got nothing to lose
Exactly! It legit is fascinating. And like you mentioned, I'm curious to see what the casino brings to the table. What is so interesting to me about PG County is how the wealth that does exist and the new construction, creation of jobs, etc. seems to only be happening in a select few spots while the rest of the county is left to essentially deteriorate. But then again, the folks moving to PG from SE and other parts of DC which are being gentrified need SOMEWHERE to go that is affordable, so I guess the wealth and new opportunity in PG can't necessarily be spread around equally. Does that make sense? I could talk about this stuff all day.
850 sq ft 1br apt carpet , w/d , dishwasher, u controll furnace /ac , locked entrance , all for .....
850 sq ft 1br apt carpet , w/d , dishwasher, u controll furnace /ac , locked entrance , all for .....
$800 a month plus elec
850 sq ft 1br apt carpet , w/d , dishwasher, u controll furnace /ac , locked entrance , all for .....
$800 a month plus elec
That's rent tho, fam
A wise man by the name of Troy Ave once said "I want a mortgage, I don't wanna rent"
Ya landlord can up the price on you any minute daddy-o
And the street cats can move into your building and lower the property value with their antics at any time.
A good priced house in a good neighborhood trumps all, pa. Don't gotta worry about dirty cats in ya building, or rent increasing. I think that's the issue a lot of cats got now. They can't find a decent crib in a decent neighborhood in SE. All joints down there is priced moderately, but it's the things that come with it that's not attractive
But race is a factor here. We know--we have scores of data to prove the fact--that minorities were disproportionately targeted and exploited by means of predatory lending.
Even so, temporarily putting race aside, this underscores a fundamental truth about wealth building: diversification within assets is key.
In simpler terms, don't put all of your eggs in one basket. Unfortunately, blacks and other minorities tend to favor one basket for all their eggs.
The growth in wealth disparity between the 1% (largely white) and everyone else is rooted in the fact that the former group is well diversified in their investment; thus, they can take a hit in the housing market and come out fairly unscathed.
As a people, blacks and other minority groups should amend their approach to wealth building and begin harnessing the power of diversification; of course, here too, there will be challenges and obstacles, but I believe in the long run this approach will prove profitable.
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There nothing but black folks in PG county. I recently moved to the DMV and everyone says move to Maryland thats where the black folks are living. Of course data is going to show black at a disadvantage, they are the majority in the area. Those same lenders had borrowers from all of the US. The PG County pool just had a lot more black folks in it. PG County was small very peice in lenders nationwide portfolios. Show me the data that compares lenders nationwide portfolio in relation to PG County. I guarantee it will show black folks at a minority.
no point in owning a home in DC its the equivalent to have a having in NYC small no space to roam of course if u want a house the best option is MD not DC
But race is a factor here. We know--we have scores of data to prove the fact--that minorities were disproportionately targeted and exploited by means of predatory lending.
Even so, temporarily putting race aside, this underscores a fundamental truth about wealth building: diversification within assets is key.
In simpler terms, don't put all of your eggs in one basket. Unfortunately, blacks and other minorities tend to favor one basket for all their eggs.
The growth in wealth disparity between the 1% (largely white) and everyone else is rooted in the fact that the former group is well diversified in their investment; thus, they can take a hit in the housing market and come out fairly unscathed.
As a people, blacks and other minority groups should amend their approach to wealth building and begin harnessing the power of diversification; of course, here too, there will be challenges and obstacles, but I believe in the long run this approach will prove profitable.
...
There nothing but black folks in PG county. I recently moved to the DMV and everyone says move to Maryland thats where the black folks are living. Of course data is going to show black at a disadvantage, they are the majority in the area. Those same lenders had borrowers from all of the US. The PG County pool just had a lot more black folks in it. PG County was small very peice in lenders nationwide portfolios. Show me the data that compares lenders nationwide portfolio in relation to PG County. I guarantee it will show black folks at a minority.
In your originally post, you stated without reservation and qualification that race wasn't a factor in the foreclosure crises we're seeing in PG county.
Again, I'm telling you that race was and continues to be very much a part of the equation. Irrespective of the opinion that certain folks were chasing the "joneses", the fact remains that subprime mortgage lenders disproportionately targeted blacks and other minorities.
Even the factors that affect pre-approval and loan finalization are impacted by race: employment and income, debt-to-income ratio, assets and particular access to liquid assets, level of education, etc. To suggest that race was and continues to be a non-factor in the issuance of mortgage loans is proof of ignorance on your part.
But you want "proof" eh?...a simple google search would've sufficed...
http://www.epi.org/publication/bp335-boa-countrywide-discriminatory-lending/
http://www.nytimes.com/2007/10/15/nyregion/15subprime.html?pagewanted=all&_r=0
http://money.cnn.com/2002/05/01/pf/banking/subprime/
http://www.citylab.com/housing/2013...argeted-bogus-loans-during-housing-boom/6559/
http://www.washingtonpost.com/busin...kely-to-last/2012/07/08/gJQAwNmzWW_story.html
Do you need more proof, are you willing to step out of the cave to see the world for what it is?
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