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Now this is the sort of thing up with which i will not put...without griping.
You speak of 'choice of residence' as if to suggest that poor people choose to live in poor neighborhoods.
I've lived in sucky neighborhoods not by choice, but for lack of better options.
Harrier mentioned economic similarities did he not?
If one wants to live in a "better" neighborhood (which is a subjective attribute) then they should cause themselves to be educated, acquire a skill, and otherwise take action that will result in a higher income.
This is not caste system India - one does not have to remain poor forever unless they choose to do so.
This is how the recession of 2008(which is now the Great Obama Recession) was started - by Democrats trying to get people who were unable to buy a home to do so.
Now the Democrats are leading us down the road of following the same failed policies that got us into the mess in the first place.
High kick! Lockstep! Follow der Leader!
Always with the partisan spin, eh.
If the only thing that happened during the housing bubble was a whole lot of people walking away from their homes, the losses could have been absorbed.
Guess the AAA investment grades that independent rating agencies assigned to "private label" junk bonds backed by seriously sub prime mortgages had nothing to do with the outcome. That the most so called conservative investors like insurance companies, pension plans and retirement funds did not do their own due dilly and instead gorged themselves on these bonds because they were deemed investment grade did not matter.
That the holy 5 was granted exemptions to the SEC Net Capital rule also did not matter.
Why concern yourself that the CFTC quietly granted exemptions to federal law to shades of the holy 5 and allowed them, through subsidiaries, to speculate in commodity futures impacting the price we pay at the pump, for a box of corn flakes or a gold wedding band, more so than anything else.
.
And some conservatives, who walk amongst us, persist in the belief that Wall Street is too regulated.
Last edited by middle-aged mom; 07-23-2013 at 09:32 AM..
Good find. here's what looks ike the relevant part of the article:
Quote:
Originally Posted by What the government says
HUD will provide states, local governments, insular areas, and public housing agencies (PHAs), as well as the communities they serve, with data on patterns of integration and segregation; racially and ethnically concentrated areas of poverty; access to education, employment, low-poverty, transportation, and environmental health, among other critical assets; disproportionate housing needs based on the classes protected under the Fair Housing Act; data on individuals with disabilities and families with children; and discrimination. From these data, program participants will evaluate their present environment to assess fair housing issues, identify the primary determinants that account for those issues, and set forth fair housing priorities and goals.
And since I speak Federal-ese, I will translate it for y'all:
Quote:
Originally Posted by what the government means
Da Gubermint will provide local bureaucrats with existing maps and spreadsheets that the locals are not competent enough to find on their own. These maps and spreadsheets will show patterns of poor, minority, and disabled people, and how they live.
I don't understand... does living in a certain neighborhood empower you to be different? I just assume people live in neighborhoods they could afford... I didn't think banks look at the address to see if an applicant is qualified for the loan...
That's exactly what private lenders did which eventually led to the Fair Housing Act.
Unfortunately, low-income neighborhoods harbor every single social pathology known to man.
How on earth will high-income neighborhoods be 'strengthened' by having low-income people move into them?
Turn it around. Those living in low income neighborhoods are priced out of their neighborhood when it gentrifies.
The concept of scattered site housing means X percent of all units in a rental development are designated for low income occupants, when some form of government funding/financing is used to develop it. Most recipients of Section 8 are seniors and single working mothers.
The sad part is that they no longer test for "redlining" where intent is demonstrated. They test for "disparate impact"....like in STEM fields....companies....loans, neighborhoods etc. Just an imbalance in racial mix (in the wrong direction of course) is somehow "proof" of racism now.
Michigan once used this to pass laws because the rates being charged blacks in the state was on average higher because they were concentrated in Detroit. They got the same rate as whites on an individual basis but because rates were higher in Detroit (more accidents, more theft etc.) the average for blacks was higher tand that was proof of racism.
All sanity has left the building.
Some consider the use of the credit score to be a form of red lining.
Sorry you can't buy that house we have too many whites. It can only be sold to a minority.
Wonder how you count someone mixed like Obama ?
More likely in that situation I would expect to see subsidies for non-white homebuyers, e.g. down payment assistance through grants or forgivable loans. (Usually such loans are forgiven if the homebuyer stays in the home for a certain number of years.)
I once saw a zoning change where the goal was to stop the conversion of owner-occupied houses to rentals but they allowed further conversions on blocks which already had "too many" rentals. it was like, "Sorry you can't sell your house to a landlord...but the guy on the next block can sell his house to a landlord because his block already has too many rentals so we're throwing it to the wolves."
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