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just because democracy didn t produce the results they wanted . they still plan to change the suburbs forever by getting rid of them. joe biden s hud secretary, marcia fudge, a former member of congress explained last year the administration was concerned that african americans cannot afford homes not because they re poor, but because home appraisers are racist watch. what the president has said, is that we have to look at everything through a lens of equity. and so what? we have realizes that people selling homes that just as the person you were talking about, and even people buying homes if their appraisal is not correct, what we find especially as a black people in communities of color and underserved communities is we lose great wealth just through the appraisal process. notice here the seizing of the moral high ground big picture. if the party ministration got about african americans they probably wouldn t withdrawal the police were american but in point of fact, for
SuburbsResultsJoe-biden-lDemocracy-didn-tHud-secretaryWho-are-buying-ua-residential-homesFood-and-drug-administrationHome-appraisersMarcia-fudgePresidentAfrican-americansCongressShe never asked. stephanie , fanboyss it and economists, ceo, macro maven. she joins us tonight to assess. stephanie , thanks so much for coming. so, as always, the beneficiaries of these schemes are never the people who they tell you they are. oh, the oppressed, the hopeless. the hopeless. their donorsjo who are buying ua residential homes and turning them into rental propertiemethe s. turnin s. turnin democratic donors. thank you. f that old expression, those who refuse to learn from history are doomed to repeat it. we tried this exercise underse r george bush when they decided that we needed to create they de ownership society and the bush administration in conjunction with fannie mae and freddie mac. you ll recall franklin raines fi and barney frank all gote in and decided that we needed to me to make it easier for people to become homeowners.omeown wholecome homeowners.omeown that whole situation worked
PeopleItU-sStephanieBeneficiariesEconomistsSchemesMacro-mavenFanboyssThe-oppressedWho-are-buying-ua-residential-homesDonorsEquity, of course, arelways ab . equity, of course, arelways ab . americans with good credit to buy homeuiy it s. becaus why?e ore because that will mean more renters, renters of homes. they own.ers, renters of homes. home ownershipeowner is increasinglshy out of reach n our portfolio. the majority cannot buy a home, cannot afford to buy a home ormi don t have the credit to buy the homes. the homes. millennials that tends to be our primary resident, they would probably tell you they don t necessarily desire to own a home or to own a car. they ve grown up in the sharing economy. and for what s importanta home to them is lifestyle. th right.ey vsh and so iarf they canin movg e it and so iarf they canin movg e it hotel ready home and have a low thtel ready home and have a low very compelling for them peoplee don t want to even they don t want to own anything. they want to be penniless. and impoverished with the whims of oligarchs. that s really what they want . do you ow anyn anythi
CourseWho-are-buying-ua-residential-homesCreditEquityAfrican-americansRentersArelways-abHomeuiy-it-s-becaus-why-e-oreIncreasinglshy-out-of-reach-nHome-ownershipeownerDown-ersHome