• hiddengoat@kbin.social
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    1 year ago

    At one time you walked into a bank, showed how much money you made, and got a home loan.

    But that allowed too many Black people to buy homes, so credit scores were invented as a way to discriminate against people using a black box with no real published metric.

    Yay for redlining under a different name!

    • clearleaf@lemmy.world
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      1 year ago

      It’s funny how the other person who replied to me said credit scores are actually the solution to racism. I think you’re the one who’s right it’s just funny. I’d like to take this opportunity to say it’s retarded that you can pay rent for years but not be approved for a mortgage with equal or lesser payments.

      • shalafi@lemmy.world
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        1 year ago

        Nobody said credit scores were the solution. They were merely a step forward.

        Young liberals: “It’s not good enough or fast enough! NOW!!!”

        I’ll take what I can get, even if it takes some time.

    • lowleveldata
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      1 year ago

      Nobody fucking cares how many black people buy houses. They only care about making the most profit.

    • Ð Greıt Þu̇mpkin@lemm.ee
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      1 year ago

      You’re showing way too much faith in the institutions that invented the red lining in the first place to imply that the ol’ boys club system wasn’t waaaaay more rife with systemic racism.

      The post war recovery laws were literally lobbied to specifically exclude black folks, but sure, home buying was easier for them then than it was post credit scores.

      • hiddengoat@kbin.social
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        1 year ago

        My dude, you’re missing about thirty years of history.

        Redlining was made illegal by the Fair Housing Act in the late 60’s. It may have still existed in some fucked up form but it was no longer the standard by which lending was done. There’s a reason the rate of home ownership among Black people has steadily risen ever since, and yet it still isn’t close to any other group of people.

        The whole system is fucked and it’s largely set up to fuck Black people because some mayo motherfuckers still want to own humans.

        • Ð Greıt Þu̇mpkin@lemm.ee
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          1 year ago

          It might have been “illegal” but lenders were still basically doing it anyways, just calling it everything else imaginable. Shit they still do it when they think they’ll get away with it, folks have actually tested it, real estate brokers list houses shown by white “owners” at higher values than those shown by black “owners”