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Yes, straight white men have privilege.Accept it.Yes, straight white men were born with certain advantages and credit and home loans, etc. That is a fact.
Stating what is inherently untrue as a fact might be one of the most annoying things a person can do.
White guys have a better chance of getting a mortgage loan compared to a Black or a Hispanic person, despite the gains made.
You believe it's solely because the color of someone's skin, or maybe it has to do with their annual income and how much debt to income ratio they have, their credit history, their education, what kind of jobs they have, and how many have applied for home loans?
The reasons lenders cite for turning down mortgage applications show different patterns depending on racial or ethnic group. Among whites, Hispanics and Asians rejected for conventional home loans, for instance, the most frequently cited reason was that their debt-to-income ratio was too high (25%, 26% and 29%, respectively). Among blacks, the most often cited reason was a poor credit history (31%).
Even if denial rates had remained constant far fewer blacks and Hispanics would be receiving home loans, because mortgage applications from those groups have fallen dramatically. In 2015, for example, only 132,000 blacks applied for conventional loans, down sharply from 1.1 million in 2005 (the peak year overall for conventional home-purchase mortgage applications)...
...Blacks and Hispanics generally put less money down on houses relative to total value than other groups. According to a separate analysis we did of 2015 data on mortgage-carrying households from the American Housing Survey, more than half of black and Hispanic householders reported making down payments equal to 10% or less of the property’s value, versus 37% of whites and 31% of Asians. On the other hand, around a quarter of white and Asian households reported down payments of 21% or more, versus 12% of blacks and 17% of Hispanics.
If you have bad credit history, you aren't getting anything - not even a $200 credit card. And if you don't put enough money down, lenders are not likely to lend to you than if you put more money down. That goes with homes and cars and any other big ticket items. The more you put down, the more likely you are to get that loan.
Whites also had the most assets, with an average of $39,483 per household.
Hispanics were close behind, at about 86 percent, averaging $33,808.
African-Americans clocked in lowest, $18,212 in assets. Only 78 percent of African-American families had assets.
Why would whites have more assets? Is it because of "racism" and "white privilege? Or is it something else?
The median white homeowner’s house is worth $85,800 compared to $50,000 for black homeowners and $48,000 for Latino homeowners.
Much of that disparity comes from the gap in the home values in white neighborhoods versus the neighborhoods where people of color live.
Well, apparently it is about "location, location, location". If you live in a neighborhood that is not desirable, your assets aren't going to be that high as compared to living in a better neighborhood.
"That's racist! They can't afford it, it's not fair!"
Blacks are catching up to whites when it comes to going to college. But when it comes to finishing college and getting a degree, they are making much less progress.
...the racial gap in higher education goes far beyond those elite schools. Indeed, blacks and Latinos lose ground at every step of the educational process. They are less likely to finish high school, less likely to attend college and less likely to graduate when they get there.
Well, if you don't get an education, you aren't going to make money. If you don't make much money, you aren't going to have much in the way of assets. Lenders love assets. So, there's less being put on a down payment, and the assets just aren't there because the education isn't there. Someone not graduating is not the fault of "white privilege".
Hispanics, for example, account for about 15 percent of all jobs, but a whopping 36 percent of all high school dropouts. They make up about half of all farm workers and laborers, 44 percent of grounds maintenance workers, and 43 percent of maids and house cleaners. Blacks, who make up just 11 percent of the workforce, account for more than a third of home health aides and about 25 percent of both security guards and bus drivers—rather low paying jobs.
First, it's likely that network effects within racial and ethnic communities have contributed to certain professions having far-above-average concentrations of certain groups. Second, the stratification of work probably suggests that there are underlying education (and family) differences.
Whites, for example, are four times more likely to earn a bachelor's degree than to drop out of high school. Hispanic adults, meanwhile, are almost twice as likely to drop out of high school than earn a bachelor's degree.
...A more complete study would account for high school quality, parents’ marital status and other factors that could contribute to students’ success. But the fact that racial minorities have lower graduation rates than low-income students suggests that, at a minimum, income can’t fully explain the racial gap in graduation.
Blacks and Hispanics, who make up about one-quarter of the workforce, represent 44 percent of the country's high school dropouts and just 15 percent of its bachelor's earners.
Again, if you don't have an education, you aren't going to have a good paying job, you aren't going to have assets, you aren't going to have much money, and when you do get credit, if you can't pay it back, it's going to really hurt you for a long time.
Debt to income ratio can be easier to fix than "poor credit history". You can fix your debt to income ratio by paying off a debt at a time and closing the account. Each time that happens, your ratio improves. A poor credit history can stay with you up to 7.5 years, depending on your state.
Credit reporting limits are 7 years plus 6 months. But, each state has its own statute of limitations:
If you live in a state where the statute of limitations is longer, you can possibly have 7.5 years of bad credit history for something you did 6 years ago. Again, it's much easier to pay off the debt and have the ratio improve.
So, to state that it's all because of "white privilege" is false. If you don't even graduate high school, you aren't going to be getting a home loan on a farm worker's salary. You do have the opportunity to improve your life, but once you drop out of high school, you've just made the rest of your life very difficult. "White privilege" is not what is causing people to drop out of high school or even college.
No, white males do not have "white privilege". What I do find interesting is that those who like to throw that around don't realize that they have "privilege" simply because they are citizens of the United States. All of those people blabbering on about "white privilege" ARE privileged themselves, but apparently don't want anyone to notice that.
White guys have a better chance of getting a mortgage loan compared to a Black or a Hispanic person, despite the gains made.
A white guy with a part time job and a credit score of 550 has the same likelihood of getting a mortgage loan as a black or Hispanic person with a part time job and a credit score of 550. In fact, the minority applicant likely has the advantage due to government programs targeting minorities.
according to the liberals....straight white men have all the good high paying jobs
...so they must be the ones paying all those taxes that go to foreign aid..that goes to all those marginalized minorities worldwide
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