zlacker

>While true, at one time within the memory of people alive today, that underclass in this country could afford homes with their paycheck from widely available unskilled work

The underclass? Or the WHITE MALE underclass?

>>mrguyo+(OP)
Black latino and asian people bought homes too you know. Thats what redlining was about: minorities and poor people were buying homes too close for comfort to the wealthy white people.

>>asdff+aQ4
Literally the only thing every layman you're gonna ask knows about real estate is "location location location" which is exactly why redlining was harmful and has led to poverty that is measured in generations. Yes, racial minorities did buy homes (at a lesser rate than whites, and in worse places to buy homes) in redlined neighborhoods, with the added and so obvious it feels ridiculous I need to say it caveat that: the homes in redlined neighborhoods were worth substantially less, which not only meant they had a harder time being financed by colored applicants, and an easier one being financed by white ones for the purposes of rent extraction, but also meant even for the ones that did manage to buy, that the property was then worth substantially less when passed on to their children.

And, that's assuming that the neighborhood in question didn't get bulldozed for a freeway by Robert Moses or any of the dozens of urban planners that used eminent domain to rat fuck minority homeowners out of the meager scraps they had managed to acquire.

And, that's only racial minorities, that's not even going into women who thanks to being largely un-banked and the presumptions that finance was simply over their pretty little heads, and of course that their jobs were chronically underpaid if they even could get them, would be laughed out of a bank entirely if they tried to buy a home.

So like, was it ONLY white men buying homes? Nah. But it was predominantly white men buying all the homes you would actually want to buy and if you weren't a white man, you had an objectively, measurable harder time doing it.