This is a quote from a National Association of Real Estate Broker textbook from the 1940s.
“When, for example, in a respectable neighborhood a house is wanted for conversion to an objectionable use, no respectable broker will consent to represent the buyer. The latter might be a bootlegger, a “madam” who had a number of “callgirls” on her string, a gangster who wants a screen for his activities by living in a better neighborhood, a colored man of means who was giving his children a college education and thought they were entitled to live among the whites, but no matter the motive or character of the would be purchaser, if the deal would instigate a form of blight, then certainly the well-meaning broker must work against its consummation.”
Hey, if you give reparations to some colored man who thinks he is entitled to live among the whites, next thing you know you know you’re giving reparations to other undesirables like bootleggers, madams, and gangsters.
From the article in Washington Monthly
Black Americans face appalling housing discrimination. High-income Black homeowners earning between $75,000 and $100,000, for instance, pay higher mortgage interest rates than lower-income whites earning less than $30,000, according to a 2021 study by researchers at Harvard University. Black homebuyers are also almost twice as likely to be denied a mortgage as buyers overall, according to a 2020 study by Lending Tree.
Black homeowners also pay higher property taxes because tax assessments as a share of home value are higher in neighborhoods with a high proportion of racial minority residents than in predominantly-white ones. At the same time, the Brookings Institution reports, homes in Black neighborhoods are undervalued by about $48,000 on average, resulting in $156 billion in cumulative losses to Black homeowners. Earlier this month, an Indianapolis woman filed a fair housing complaint when she discovered appraisers had low-balled the value of her home because she was Black. After receiving two suspiciously low appraisals, she asked a white friend to stand in for her and got an appraisal nearly double her original estimate.
None of these systemic problems—including the discrimination that results in lower wages and incomes for Black Americans and hampers their ability to save—is something that a $25,000 homebuyer grant can fix.
Agree that these are systemic problems?
For advocates like David Dworkin, President and CEO of the National Housing Conference, the choice between boldness and incrementalism is clear. A proponent of Waters’ proposal, he acknowledges the potential controversy over its structure but argues the need for an upfront debate about racial equity. “It’ll definitely be difficult for some people to understand, but this is a difficult conversation that we need to have,” he said.
Unfortunately, Republicans aren’t going to want to have this conversation—at least not in a manner that’s even remotely constructive.
Of course they’re not, and jdsmith and other right-wingers would be the first to denounce these policies as ‘socialism’ if they were proposed. He’s not interested in solving the problems that “black Americans face appalling housing discrimination” and “the discrimination that results in lower wages and incomes for Black Americans” because he denies that they exist. That’s why he selectively quotes from this article- not because he wants to solve a problem. but because he wants to use a left-wing source so he can slag Maxine Waters.