3 ms·
How is it a product of racism? I always assumed it was due to the city's constituents wanting to protect their real estate invesments
by frockington 8y ago
How is it a product of racism? I always assumed it was due to the city's constituents wanting to protect their real estate invesments
- cozzyd 8y agoLot sizes in suburbs were (are?) intentionally large to keep out "those" people from purchasing property, further reducing supply.
- frockington 8y agoHow is not wanting poor people and criminals in your neighborhood racist? It seems like a normal desire to me
- apazzolini 8y agoYou should listen to this podcast: https://overcast.fm/+F_9GH_Hp0 https://overcast.fm/+F_9GH_Hp0
- ProfessorLayton 8y agoIt is very much a product of racism. Check out the book “The Color of Law” that covers this issue extensively, and even beginning with the Bay Area. Anecdotally, when my parents bought their house in the east bay, it came with old (now invalid) covenants that literally said no black people could live there unless they were servants. The house was built in the 40s!
- abhinavkulkarni 8y agoA simple Google search on Redlining (https://www.google.com/search?q=new+york+times+redlining https://www.google.com/search?q=new+york+times+redlining) will reveal how current housing laws and massive wealth transfer that interest mortgage deduction is from less fortunate to the wealthy. There is a near unanimity among economists that housing subsidies are a bad policy and exacerbate rent seeking behavior. If not racist, those policies are downright classist (the line can be very blurry), designed to keep a small minority of homeowners (akin to landed gentry) in power.
- frockington 8y agoI agree that the motivations are primarily driven by investment protection/greed. I am failing to see the racist aspect to it.