Ana the Ist
Aggressively serene!
- Feb 21, 2012
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Right but don't you think that it being illegal for 499 years has possibly had an effect on the population?
In answer to the question posed in the OP, Modern day systemic racism exists
The government didn't actually nail down anything City National Bank did that was specifically illegal.What the bank did was illegal....not something condoned or encouraged by society.
In fact, it punished it.
Sometimes when living in a community, you get an idea of what attracted the type of people who live there. If his community attracts rich black people, but not rich whites, asians, or brown people, there must something about that community causes this. I was just wondering if he knew what that was.I dunno who lives in the house five doors down, much less why they chose to live where they are. Why would @essentialsaltes know these things about his neighborhood?
A headline is now evidence?
So why didn't your neighborhood with the bigger houses and nice views attract other lawyers, doctors, and entertainers?
Anyway, at the outset, it was white flight that attracted black people to the area. Once established, it takes a while for demographics to shift. It takes at least a generational shift before (some) whites no longer feel a need to flee.
Redlining is systemic racism only when it is legislated. When it's been outlawed, it is no longer systemic racism, just racism.We may be getting somewhere.
Have we established that redlining is systemic racism?
Have we established that it was a good idea to make redlining illegal?
The white flight of that area happened in the 60's several generations ago. White people are comfortable living around black people now.Anyway, at the outset, it was white flight that attracted black people to the area. Once established, it takes a while for demographics to shift. It takes at least a generational shift before (some) whites no longer feel a need to flee.
I don't think we've established what "redlining" really is for today.We may be getting somewhere.
Have we established that redlining is systemic racism?
Have we established that it was a good idea to make redlining illegal?
We're into our second generation of homebuyers, nearly into the third generation of homebuyers, since then.Anyway, at the outset, it was white flight that attracted black people to the area. Once established, it takes a while for demographics to shift. It takes at least a generational shift before (some) whites no longer feel a need to flee.
You are probably (unlike banks) not subject to federal laws that require you to do business there.I can get more personal: I actually do run a business, frequently on location, and there are areas in this metroplex that I would not try to operate my business. And, yes, they can be sadly characterized as primarily black or Hispanic, but there are some predominantly white areas I won't venture as well. The primary consistent character of those areas is poor.
You are probably (unlike banks) not subject to federal laws that require you to do business there.
We're into our second generation of homebuyers, nearly into the third generation of homebuyers, since then.
So, what's the hold-up now?
It could be, but it isn't.The neighborhood could simply be "out of style," and nobody with financial options, black or white or Hispanic, moves into them. That means they're of less interest to banks as loan opportunities.
So why didn't your neighborhood with the bigger houses and nice views attract other lawyers, doctors, and entertainers?
We may be getting somewhere.
Have we established that redlining is systemic racism?
Have we established that it was a good idea to make redlining illegal?
What you, and others, appear to be implying is that it was wrong for the government to make redlining illegal.Again I know of no companies that do that including the one in the OP. They neither admitted to it nor did the government prove it. The government was in over reach mode in my opinion.
So, then, as I've said before: The fix is in. We're just waiting for generational shifts...which appear to be slow in coming. I've also said before, we won't see a big change in that regard until we Boomers have died off. At this point, about 30% of the population is still Boomer or older...I think it will only take a decrease to about 15%, not down to zero.Hold-up? I'm not sure there's any problem that needs to be solved with respect to the demographics. Anyway, it's just the cumulative effect of lots of individual home buyers and sellers making decisions.
It could be, but it isn't.
How hot is the View Park housing market?
View Park is very competitive. Homes sell in 37 days.
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 5% above list price and go pending in around 37 days.
- Hot homes
can sell for about 11% above list price and go pending in around 16 days.
@rjs330 said exactly the opposite.What you, and others, appear to be implying is that it was wrong for the government to make redlining illegal.
@rjs330 said exactly the opposite.Because redlining is about putting lines around places on a map, not about explicit discrimination against people of various races.
And yet, in practically the same breath you take satisfaction in the progressive laws of the the past (assuming that the problem was fixed and systemic racism has vanished). But the Fair Housing Act forbade redlining -- that is, underserving regions on a map (due to racial make-up). That is what the bank was accused of doing, and what you consider government over-reach.
Humm....... And that goes for Asians, brown people, and all the other people with money that don't go to that neighborhood huh? They're okay with being around black people in other neighborhoods, just not in that neighborhood..... Interesting.Because white people didn't want to be around black people?
The government didn't actually nail down anything City National Bank did that was specifically illegal.
The government identified that City National Bank did not have as many black and Hispanic loans as some other banks in the same business area.
The government identified that City National Bank did not have as many branches in black and Hispanic areas.
The government identified that City National Bank's branch in one specific black area did not have a loan officer desk.
The case did not go to court, it was settled out of court. The government did not actually prove that City National Bank did anything illegal.
City National Bank agreed to spend $31 million to increase its business activity in black and Hispanic areas....that is what the "fine" turns out to be.
No, I think you (and he) are both confused about what redlining is. Redlining was always about the profit motive.@rjs330 said exactly the opposite.
Back in the Civil Rights Era, there was an implicit understanding that profit was an acceptable exception.
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