Rare politically charged post Rudy Nutstink.

Where is race rage on the demographics of home buyers in 2023? The singular US policy to help middle class families save is investing in a home. Everything else is fairly out of reach and risky. And they have made that savings vehicle so unaffordable they are effectively cutting people who are black and hispanic out of this one hope of storing value. The wealth disparity among races will not shrink, and will in fact grow because of this. And the government will not shoulder the blame for this horrendous policy when all is said and done.

Reply to this note

Please Login to reply.

Discussion

Note, I left asian and pacific islander out because thats pretty on par with US racial demographics

my father was half indonesian, so i'm not surprised to see how low down it is

he has owned and owns more property than i ever have, so it's not just about race it's about generation too

What about by age? The younger generations are absolutely screwed.

I completely agree, my general problem with the entire thing is really that the US has hinged its entire middle class’ life quality on the dream of owning a home. And its quickly fading for literally anyone outside the top 15%.

As well the more expensive the state you live in the higher up the chain you have to be, living in California or New York you have to probably be in like the top 5%.

the mortgage scam is at the centre of this

i'm white and i'm 48 years old never owned one property in my life

more than about races

it's about who you know, the bank manager is the guardian of the spigot

you have to be compliant ™️

Exactly, the whole underlying policy is a mess. I was just making the point that its going to hurt some of the very goals our government claims they are championing. But you won’t see the anger about this, because its still too abstract for any average person to know that they will never own anything.

i was acutely aware of it because i was born in the early days of the ongoing property price inflation racket

and i even attended one or two seminars about using this as "passive income" and that whole notion stuck in my throat ever since

if anyone can access passive income, ok

but i was in the out-group for this, because i wasn't obedient enough to get the blessing from my FUCKING ENGLISH TEACHER in highschool

note: i was already capable of passing his retarded shit when i was 9 years old and i haven't even started on the whole construct that let this fucking psycho socialist propagandist asshole who hated me because i found his assignments so boring i rarely submitted them on time... yes this was my final year of highschool

because of that cunt i didn't get my university entry score to get into computer science and i went right off the rails in rebellion