Are you part of the 1%? Of course you’re not, otherwise why would you be reading this.
In America, wealth is generated by and large through real estate for the vast majority of working stiffs. It’s no secret that buying a house will be the biggest purchase one will ever make… Unless you’re a member of the 1%.
But owning a house isn’t nearly as important as where you own your crib. You own one in Dayton, OH or West Memphis, TN you might as well be throwing your money away because those metropolitan areas are where no one really wants to be. Hence the property ain’t really worth a good Goddamn.
A recent column in the NYTimes Op-Ed section detailed a study on housing discrimination against African-Americans is as pernicious as it has always been.
This perhaps is fucking news because our country is still quiet segregated… Primarily for ni99as though.
Asian immigrants get off the boats work hard and find a way to buy a house and it can pretty much be where the fuck they want it to be.
Not so for ni99as… Who have been hear for 400 years.
Ni99as may not be denied loans anymore, but they are saddled with shitty loans with higher interest rates and quicker punishing penalties for slipping on a payment. At first you might say, “Ni99a should have missed a payment.” And while this is true, consider that the ANM discounts Black wages by about 30% (aka The Ni99er Factor ), so the same $350,000 house that a white family with the same jobs can afford, the ni99a family not only has less money to spend on anything and everything, the ni99a’s loan payments are higher because of the shitty mortgage they have.
That’s the money the ni99a should be investing, but that discrepancy is a foot on the neck of said ni99a, and that ain’t cool.
Consider this, too, public schools are paid for by real estate taxes… Which are based on property values. As Dark Town has higher rates of foreclosure – which brings down the property value of ALL houses in the neighborhood, what do you think happens to the revenue that would go to funding the public school system?
It get slashed!!!
So education in the ni99a neighborhood can’t be competitive for teachers or for curriculum. Thus, undereducating the nigga youth (aka the children of our future).
And now you see another example of the Anti-Ni99er Machine operating full tilt.