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> The 1973 Equal Credit Opportunity Act has an exception where it's still totally legal to deny someone a home loan if they're judged incapable of affording the
by Zpalmtree 5y ago
> The 1973 Equal Credit Opportunity Act has an exception where it's still totally legal to deny someone a home loan if they're judged incapable of affording the home: https://en.wikipedia.org/wiki/Equal_Credit_Opportunity_Act https://en.wikipedia.org/wiki/Equal_Credit_Opportunity_Act
I'm not sure what you're trying to say here. We should force loans to be given to people who can't afford their homes?
Wasn't that a big contributor to the 2007-8 crash?
- Lammy 5y ago> I'm not sure what you're trying to say here. We should force loans to be given to people who can't afford their homes? If you have a segregated population, make housing really expensive, and set up the tax laws to incentivize people to pass down housing to their kids and/or never ever ever sell, then what do you get except Segregation With Extra Steps? http://radicalcartography.net/index.html?bayarea http://radicalcartography.net/index.html?bayarea https://en.wikipedia.org/wiki/1978_California_Proposition_13 https://en.wikipedia.org/wiki/1978_California_Proposition_13 Some of this did change very recently with https://en.wikipedia.org/wiki/2020_California_Proposition_19 https://en.wikipedia.org/wiki/2020_California_Proposition_19 to be fair
- DeathArrow 5y agoPassing property to your kids or whoever else you wish it's your right. Communists were against property and exercising rights related to the property but after provoking huge disasters in many countries they were banished from most of the countries they managed to subdue. I think there are some people who try to move the mankind in that direction again, after all socialism is cool and trendy again, but I do not seriously expect them to win the fight because the conditions are not the same as 100 years ago.