“breaking down barriers in housing, making sure that African-Americans can pass down wealth through homeownership, that their homes are not valued less than homes in different communities just because of the neighborhood it’s in.”
HOUSES ARE RACIST AND AGAINST BLACKS NOW. HAHAHA.
No one gives a shit WHO lived in the house prior to them buying it. What matters is they take care of it, keep it mantained, upgrade it, has curb appeal, and isn't in a shit hole crime ridden area. The reason houses cost less in crime infested inner cities is because no one wants to live next to gangbangers where crime is through the roof or there's a fucking crack house two doors down. The black cities aren't unique to this issue. Plenty of white trailer trash areas have the same problem with low home/property value. The market doesn't give a fuck about color. It comes down to if people WANT to live there.
People don't want to live in run down shit hole houses with busted out floors, kicked in doors, or bars on the windows. People don't want to live on .16 acre plots with a house where the paint is peeling off the sides. They don't want to buy a house that's not upkept or upgraded since the 1950's. You have to put a TON of money into a house to get market value out of it.
For example, in my house that was built in 2002, we had carpet installed. And in 2019, I installed hardwood flooring. It's an 1800 sqft house. The flooring cost close to 25,000 dollars. It'd cost more, but I installed it myself. That's ONE project. Not to mention the landscaping, the upkeep, the maintenance, the appliance upgrades, the bathroom remodels, the painting, the lighting upgrades. The house cost 180k to build (1 acre of land near a river) and there has been AT LEAST 80k in upgrades and upkeep done and it needs more to become marketable.
It seems like inner city people don't understand that you have to spend money on investments to keep them as investments. It's not 'redlining'. It's not 'racism'. It's understanding that a home has enormous costs to be marketable.
HOUSES ARE RACIST AND AGAINST BLACKS NOW. HAHAHA.
No one gives a shit WHO lived in the house prior to them buying it. What matters is they take care of it, keep it mantained, upgrade it, has curb appeal, and isn't in a shit hole crime ridden area. The reason houses cost less in crime infested inner cities is because no one wants to live next to gangbangers where crime is through the roof or there's a fucking crack house two doors down. The black cities aren't unique to this issue. Plenty of white trailer trash areas have the same problem with low home/property value. The market doesn't give a fuck about color. It comes down to if people WANT to live there.
People don't want to live in run down shit hole houses with busted out floors, kicked in doors, or bars on the windows. People don't want to live on .16 acre plots with a house where the paint is peeling off the sides. They don't want to buy a house that's not upkept or upgraded since the 1950's. You have to put a TON of money into a house to get market value out of it.
For example, in my house that was built in 2002, we had carpet installed. And in 2019, I installed hardwood flooring. It's an 1800 sqft house. The flooring cost close to 25,000 dollars. It'd cost more, but I installed it myself. That's ONE project. Not to mention the landscaping, the upkeep, the maintenance, the appliance upgrades, the bathroom remodels, the painting, the lighting upgrades. The house cost 180k to build (1 acre of land near a river) and there has been AT LEAST 80k in upgrades and upkeep done and it needs more to become marketable.
It seems like inner city people don't understand that you have to spend money on investments to keep them as investments. It's not 'redlining'. It's not 'racism'. It's understanding that a home has enormous costs to be marketable.