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Biden-Harris Administration Announces New Actions to Build Black Wealth and Narrow the Racial Wealth Gap

By Onvacation follow Onvacation   2021 Jun 1, 1:52pm 366 views   22 comments   watch   nsfw   quote   share      



Today, on the centennial of the Tulsa Race Massacre, the Biden-Harris Administration is announcing new steps to help narrow the racial wealth gap and reinvest in communities that have been left behind by failed policies. Specifically, the Administration is expanding access to two key wealth-creators – homeownership and small business ownership – in communities of color and disadvantaged communities.

The Administration will:

*Take action to address racial discrimination in the housing market, including by launching a first-of-its-kind interagency effort to address inequity in home appraisals, and conducting rulemaking to aggressively combat housing discrimination.

*Use the federal government’s purchasing power to grow federal contracting with small disadvantaged businesses by 50 percent, translating to an additional $100 billion over five years, and helping more Americans realize their entrepreneurial dreams.

https://www.whitehouse.gov/briefing-room/statements-releases/2021/06/01/fact-sheet-biden-harris-administration-announces-new-actions-to-build-black-wealth-and-narrow-the-racial-wealth-gap/
Why am I feeling Déjà vu?
1   Onvacation   ignore (7)   2021 Jun 1, 2:06pm     ↓ dislike (0)   quote   flag        

Biden/Harris say
reinvest in communities that have been left behind by failed policies.

San Francisco
Oakland
Los Angeles
Portland
Baltimore
Chicago
Seattle
Philadelphia
New Orleans
St Louis
Detroit
Memphis
Flint
Kansas City
Little Rock
Minneapolis
Milwaukee
Indianapolis
San Bernardino
Houston
Albuquerque
Stockton
Cleveland
Birmingham

Apologies if I left out your local "left behind by failed policies" shithole.
2   RC2006   ignore (2)   2021 Jun 1, 2:09pm     ↓ dislike (0)   quote   flag        

Tulsa Race Massacre what about all the looting, burning, murder, and wanton destruction of our cities over the years especially the last few years by blacks.

More divisive shit from slavemaster democrats.
3   HunterTits   ignore (4)   2021 Jun 1, 7:49pm     ↓ dislike (0)   quote   flag        

"That won't do nothing but make Cadillac number-one dealership in the country." -- Barbershop

https://www.youtube.com/watch?v=RczW1gIRBjY
4   Ceffer   ignore (6)   2021 Jun 1, 8:06pm     ↓ dislike (0)   quote   flag        

Yeah, it's all that trickle down like you see in Detroit and Baltimore. All it takes is 200 poor black people to make one black person rich.
5   Hircus   ignore (0)   2021 Jun 1, 8:43pm     ↓ dislike (0)   quote   flag        

Onvacation says
first-of-its-kind interagency effort to address inequity in home appraisals


I wonder if their brand of "addressing home value inequities" means raising the appraisal values of homes in black neighborhoods or ghettos.

If so, there may be some speculation opportunity.

Although, banks wouldn't want to lend on homes with bogus inflated appraisals, which would make it harder for blacks to get loans. Dems would probably like this, because they could then point the finger at the raycist banks, and gloat with smug satisfaction that "this is another clear example of systemic racism in our financial institutions, preventing blacks from achieving a basic human right - shelter".
6   GreaterNYCDude   ignore (0)   2021 Jun 1, 8:57pm     ↓ dislike (1)   quote   flag        

They will do what they did the last time. Lower lending standards in the name of "fairness" to perpetuate the housing bubble despite rising interest rates. NINJA loans are back baby! Who will get screwed in the end? The same people they claim they want to help.

Get the popcorn, I've seen this movie before.
7   FuckCCP89   ignore (6)   2021 Jun 1, 9:36pm     ↓ dislike (0)   quote   flag        

Hircus says
Although, banks wouldn't want to lend on homes with bogus inflated appraisals


... unless gubmint guarantees it will take them off their hands at face value immediately.
8   FuckCCP89   ignore (6)   2021 Jun 1, 9:37pm     ↓ dislike (0)   quote   flag        

"The definition of insanity, is, doing the exact same fucking thing over and over again, expecting shit to change." -- Albert Einstein.
9   FuckCCP89   ignore (6)   2021 Jun 1, 9:39pm     ↓ dislike (0)   quote   flag        

Nobody would buy houses from 🇳🇪🇳🇪 because they will know that the appraisal has been inflated.
10   Ceffer   ignore (6)   2021 Jun 1, 9:40pm     ↓ dislike (0)   quote   flag        

'Building Black Wealth' is traditionally 'jiving the motherfuckers with promises of free shit until they are even worse off, except their so-called leaders are a lot richer'. I'm sure it will be different this time.
11   Patrick   ignore (1)   2021 Jun 1, 9:41pm     ↓ dislike (0)   quote   flag        

Lol, I love that Einstein quote. Didn't know he was that salty.
12   Ceffer   ignore (6)   2021 Jun 1, 9:42pm     ↓ dislike (0)   quote   flag        

Patrick says
Lol, I love that Einstein quote. Didn't know he was that salty.





Don't think it was Einstein, but who cares.
13   HunterTits   ignore (4)   2021 Jun 2, 10:09am     ↓ dislike (0)   quote   flag        

Patrick says
Lol, I love that Einstein quote. Didn't know he was that salty.


He didn't say it that way, or course. But he did say it.
14   HunterTits   ignore (4)   2021 Jun 2, 10:10am     ↓ dislike (0)   quote   flag        

Hircus says
preventing blacks from achieving a basic human right - shelter".


So WTF is Section 8, then?
15   Eric Holder   ignore (0)   2021 Jun 2, 10:25am     ↓ dislike (0)   quote   flag        

HunterTits says
Hircus says
preventing blacks from achieving a basic human right - shelter".


So WTF is Section 8, then?


Not enough!
16   HeadSet   ignore (3)   2021 Jun 2, 2:36pm     ↓ dislike (0)   quote   flag        

HunterTits says
So WTF is Section 8, then?

Section 8 may be the only safe way to be a landlord in the future. Every other tenant can take advantage of moratoriums preventing eviction and stop paying rent. At least the gov pays the Section 8 landlords directly.
17   Patrick   ignore (1)   2021 Jun 2, 5:52pm     ↓ dislike (0)   quote   flag        

HunterTits says
Patrick says
Lol, I love that Einstein quote. Didn't know he was that salty.


He didn't say it that way, or course. But he did say it.


I know, just having fun.

Actually, I can kinda imagine Einstein saying that. He didn't seem to be all that PC.
18   RC2006   ignore (2)   2021 Jun 3, 9:59am     ↓ dislike (0)   quote   flag        

Really getting sick of the Tulsa Bullshit.


Tulsa 1921 an armed black mob went to defend a convicted rapist by shooting at an unarmed crowd of white people. When white people retaliated, blacks bitched and moaned about it for 100 years. This is how all the BLM shit will end again, people will get to the point that enough is enough.
20   Ceffer   ignore (6)   2021 Jun 3, 10:11am     ↓ dislike (0)   quote   flag        

Black Wealth: "How blacks can con and enslave other blacks, and blame it on the supremacist white man."
21   KgK one   ignore (0)   2021 Jun 3, 10:17am     ↓ dislike (0)   quote   flag        

Burn down own shithole Town that could have been coming up in name of inequality. then get federal funding to hire local people to make it look like they are doing something about it.

Overall democrat managed stay poor continuously.
22   WookieMan   ignore (6)   2021 Jun 3, 10:22am     ↓ dislike (0)   quote   flag        

HeadSet says
HunterTits says
So WTF is Section 8, then?

Section 8 may be the only safe way to be a landlord in the future. Every other tenant can take advantage of moratoriums preventing eviction and stop paying rent. At least the gov pays the Section 8 landlords directly.

Started a while ago. We had a ton of them. It's guaranteed rent dumped into your account. Sometime 100% of the rate, but usually tenant covered 20% or so. Tenant has an incentive to not fuck up because they get free housing. They fuck up, the rug gets pulled out from under them. So they're generally good tenants, though they may still trash the place.

Process is a pain in the ass and a racket. Depends on the inspector, but they will nit pick the shit out of your building. Money talks though and much of the time you can make that go away. A lot of super silly things they look for. If you've got enough units it is worth it, but under 10 and doing it solo it's a pain in the ass. Otherwise, regardless of the rumors, section 8 tenants are some of the best and stay long term. The stigma of it makes landlords not want to deal with it. Which is fine. You can make more from market rate tenants. Just have to screen more thoroughly. Better qualified non-section 8 tenants will eventually move on if they're motivated.

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