(Sorry, this technique probably won't work if you're white.)
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How to instantly increase the value of your house...
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Originally posted by Stoic View Post(Sorry, this technique probably won't work if you're white.)
"It ain't necessarily so
The things that you're liable
To read in the Bible
It ain't necessarily so."
Sportin' Life
Porgy & Bess, DuBose Heyward, George & Ira Gershwin
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Of course these stories are deliberately written to lead the reader to a single conclusion, but it has to be asked: were there factors other than race affecting these valuations?Some may call me foolish, and some may call me odd
But I'd rather be a fool in the eyes of man
Than a fool in the eyes of God
From "Fools Gold" by Petra
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Originally posted by Mountain Man View PostOf course these stories are deliberately written to lead the reader to a single conclusion, but it has to be asked: were there factors other than race affecting these valuations?
Obvious racism, right?
Anyone familiar with a bank understands that the only color they care about is green, so maybe there was some unlisted factor involved.
After about a week of rabblerousing and the banks issuing statements assuring everyone they were investigating and won't tolerant racist lending practices (IIRC, one may have even established an outreach program as a result), the story got dropped.
Why would that be?
Well, those bank investigations exposed that unlisted factor. Credit scores.
The white applicants that had been approved for loans had substantially higher credit scores -- as in like between 100 and 200 points higher.
So racism had nothing to do with the loan refusals. It was all due to poor credit ratings.
I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
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Originally posted by Stoic View PostThis is about appraisers, not banks. They get paid whether they give a low or high appraisal.
I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
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Originally posted by Stoic View PostThis is about appraisers, not banks. They get paid whether they give a low or high appraisal.
Here's another example:
Some may call me foolish, and some may call me odd
But I'd rather be a fool in the eyes of man
Than a fool in the eyes of God
From "Fools Gold" by Petra
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Originally posted by Mountain Man View Post
Surely you don't believe that race is the only factor that affects home values.
It's not likely that the differences were due to large changes in the homes' actual values.
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