Why rent is so expensive and black homeownership is so low

[yung Herbie Hancock]

The 2008 recession basically wiped out black wealth and we lost a lot of our homes.

The Great Recession, education, race, and homeownership

The Great Recession was associated with a dramatic reduction in the wealth of millions of Americans, particularly wealth in the form of home equity. The net worth of the typical household plunged by 40 percent, or about $50,000, as a result of the worst economic downturn since the Great...

www.epi.org

CACs and entities like blackstone bought these houses and started renting them out. Short term rentals tend to make the price of rentals go up. Basically the 2008 crash doomed black America. I recomend yall watch this video:

 

[Wild self]

Cause the population EXPLODED since 2008 in numerical growth and land is scarce. Plus Sundown towns are cheap because they havr no infrastructure.

With that being said, landlords are making the highest amount of money in H-I-S-T-O-R-Y and still complaining that they not making enough. They ruined the economy.

 

[LadyJ2]

“The rate of homeownership for black households rose from 41.6% in 1970 to a peak of 46.5% in 2007.

However, the recession followed, and homeowners of color suffered the most, with the homeownership rate falling below 1970 levels by 2016. The 44 percent homeownership rate in 2019 is an increase from that bottoming out at 41percent three years earlier, but it’s still below the 2007 rate.”

We are about 2.5 percentage points lower than the peak. That’s not that bad. The question is how do we get up to 60-70 percent. It seems like even with the investments made in the 90s we couldn’t get over 50%.

Dual-income households would definitely help and go a long way towards saving for down payments. The social dysfunction we see in our community has major downstream implications. Whites by and large get married which helps financial stability which leads to savings and on and on. We can’t keep ignoring the elephant in the room.

 

[BigMan]

“The rate of homeownership for black households rose from 41.6% in 1970 to a peak of 46.5% in 2007.

However, the recession followed, and homeowners of color suffered the most, with the homeownership rate falling below 1970 levels by 2016. The 44 percent homeownership rate in 2019 is an increase from that bottoming out at 41percent three years earlier, but it’s still below the 2007 rate.”

We are about 2.5 percentage points lower than the peak. That’s not that bad. The question is how do we get up to 60-70 percent. It seems like even with the investments made in the 90s we couldn’t get over 50%.

Dual-income households would definitely help and go a long way towards saving for down payments. The social dysfunction we see in our community has major downstream implications. Whites by and large get married which helps financial stability which leads to savings and on and on. We can’t keep ignoring the elephant in the room.

I’m starting to think the new COINTELPRO is this gender wars and social media shyt

 

[Dafunkdoc_Unlimited]

“The rate of homeownership for black households rose from 41.6% in 1970 to a peak of 46.5% in 2007.

However, the recession followed, and homeowners of color suffered the most, with the homeownership rate falling below 1970 levels by 2016. The 44 percent homeownership rate in 2019 is an increase from that bottoming out at 41percent three years earlier, but it’s still below the 2007 rate.”

We are about 2.5 percentage points lower than the peak. That’s not that bad. The question is how do we get up to 60-70 percent. It seems like even with the investments made in the 90s we couldn’t get over 50%.

Dual-income households would definitely help and go a long way towards saving for down payments. The social dysfunction we see in our community has major downstream implications. Whites by and large get married which helps financial stability which leads to savings and on and on. We can’t keep ignoring the elephant in the room.

Too many 'High-Value Men' and 'Bad Bytches'.

Not enough Black men or women.

​

 

[RickyDiBiase]

I’m starting to think the new COINTELPRO is this gender wars and social media shyt

Self inflicted but the shyt ain’t as popular as yall think it is

 

[Oatmeal]

“The rate of homeownership for black households rose from 41.6% in 1970 to a peak of 46.5% in 2007.

However, the recession followed, and homeowners of color suffered the most, with the homeownership rate falling below 1970 levels by 2016. The 44 percent homeownership rate in 2019 is an increase from that bottoming out at 41percent three years earlier, but it’s still below the 2007 rate.”

We are about 2.5 percentage points lower than the peak. That’s not that bad. The question is how do we get up to 60-70 percent. It seems like even with the investments made in the 90s we couldn’t get over 50%.

Dual-income households would definitely help and go a long way towards saving for down payments. The social dysfunction we see in our community has major downstream implications. Whites by and large get married which helps financial stability which leads to savings and on and on. We can’t keep ignoring the elephant in the room.

I'm on the path myself solo, I look at all these houses that would be EASY with 2 incomes, like 2 incomes for me would accelerate EVERYTHING, but I'm not around women on the same page. We have conversations at my job about dating and the women always ask me if I'd spend XYZ on dates and how they wouldn't go out with someone that wasn't going to spend money on them..

Meanwhile I'm out here trying to get a property by myself, get my 401k and IRA's fully-fledged, learn more financial skills to leverage income against inflation....

It's even some women I know that own homes now that talk about not paying for anything, getting taken out on dates, etc. They looking at me like I'm broke for not being a sponsor

I already know once I get them house keys they gonna be trying to rent a room

 

[Voice of Reason]

“The rate of homeownership for black households rose from 41.6% in 1970 to a peak of 46.5% in 2007.

However, the recession followed, and homeowners of color suffered the most, with the homeownership rate falling below 1970 levels by 2016. The 44 percent homeownership rate in 2019 is an increase from that bottoming out at 41percent three years earlier, but it’s still below the 2007 rate.”

We are about 2.5 percentage points lower than the peak. That’s not that bad. The question is how do we get up to 60-70 percent. It seems like even with the investments made in the 90s we couldn’t get over 50%.

Dual-income households would definitely help and go a long way towards saving for down payments. The social dysfunction we see in our community has major downstream implications. Whites by and large get married which helps financial stability which leads to savings and on and on. We can’t keep ignoring the elephant in the room.

Its intergenerational transfers not defective Black culture stop the bullshyt.

https://www.thecoli.com/threads/whi...ut-to-start-inheriting-a-lot-of-money.909353/

 

[LadyJ2]

Its intergenerational transfers not defective Black culture stop the bullshyt.

https://www.thecoli.com/threads/whi...ut-to-start-inheriting-a-lot-of-money.909353/

The post you linked said a woman inherited a house from her PARENTS.

I will inherit a house from my PARENTS. My husband’s PARENTS own a home they will likely pass down also.

It has to start somewhere. You can’t have intergenerational transfers if there is nothing to pass down.

The black home ownership rate is steady BECAUSE of these transfers. Without them it would be even lower. The issue is how go get people in homes whose families have never owned or haven’t owned in 30+ years.

 

[LadyJ2]

I'm on the path myself solo, I look at all these houses that would be EASY with 2 incomes, like 2 incomes for me would accelerate EVERYTHING, but I'm not around women on the same page. We have conversations at my job about dating and the women always ask me if I'd spend XYZ on dates and how they wouldn't go out with someone that wasn't going to spend money on them..

Meanwhile I'm out here trying to get a property by myself, get my 401k and IRA's fully-fledged, learn more financial skills to leverage income against inflation....

It's even some women I know that own homes now that talk about not paying for anything, getting taken out on dates, etc. They looking at me like I'm broke for not being a sponsor

I already know once I get them house keys they gonna be trying to rent a room

Better to do it on your own even if it takes longer. Then you have tremendous leverage when it comes time to choose a woman to settle down with. They’ll still be looking for someone to pay for their Chipotle though.

 

[jilla82]

priorities

 

[aXiom]

Too many 'High-Value Men' and 'Bad Bytches'.

Not enough Black men or women.

​

Ding! Ding! Ding!


Some people think this social media fueled gender wars shyt is funny or just entertainment. It has very real and long lasting consequences.

 

[RhymesWell]

Ding! Ding! Ding!


Some people think this social media fueled gender wars shyt is funny or just entertainment. It has very real and long lasting consequences.

shyt is probably Cointelpro anyway

 

[Sir Richard Spirit]

The average person doesn’t know a they can own a home with less than $5000 dollars. FHA loans are real and typically lead to other benefits like down payment assistance and lower internet rates.


If this information was pushed instead of workshops and selective workloads these organizations choose, many more people would own homes.

 

[yung Herbie Hancock]

Ding! Ding! Ding!


Some people think this social media fueled gender wars shyt is funny or just entertainment. It has very real and long lasting consequences.

but.... but.... you dont understand "its just the internet breh. this gender war cant affect real life"