Nnanji -> RE: These aren't "protests" (11/18/2016 9:24:45 AM)
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ORIGINAL: Lucylastic Only 13 % of the population is AA. THere must have been an AWFUL lot of Black families buying a lot of houses, To cause the cluster fuck that hit in 2007-8. But ok lets go with that bullshit as true, if you are going to blame poor black people. Why havent the repubs done something about it in the past 6 years? Let's look at this straw man. While the change was implemented to allow inner city minorities, not just AA, to have access to mortgages, it wasn't exclusively used by AA's. Everybody who could not normally afford a mortgage used the new regulations. People who normally worked and saved to obtain a 20% down payment no longer did so and bought as much house as they wanted instead of as much house as they could afford. The attitude was that the housing market would always go up, they could sell in five years, before ballon payments came do, and make a profit which they could then use to buy a house to keep. So people that could afford...say...a $100,000 mortgage were taking out $200,000 mortgages. Your inability to see past your little comfort zone makes what statements you do make pretty silly.
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