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A comment on The frustration of trying to invest in my hometown. Parent comment

Re:The frustration of trying to invest in my hometown by kiplkipl on Monday August 03, 2020 @10:31AM (#24038191)
Meanwhile the buyer in the white-majority area continues to buy 8, enjoys a higher leverage for the same interest, and makes a higher profit. And so it repeats. Leverage is forgiven when the faceless metaphorical person does it but, when it's given a black face, suddenly the black community as a whole has to answer to you?

Why didn't GM simply not go bankrupt?

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Re:The frustration of trying to invest in my hometown by reportgunner on Monday August 03, 2020 @01:45PM (#24040916)
What interest are you talking about? The article said he had money to pay for 8 buildings in cash and he wanted to loan to renovate them.

I suggested that if you can't get a loan you should tune down your ambitions a bit. There are many white people who can't get a loan too, tune it down with the racist us vs them thinking. It's not like all white people gain from that one person getting more leverage.

I was talking about doing this to remove the statistics that cause the apparent racism, while you want to keep perpetuating the same mentality. Wake up or keep wondering why you are still losing.

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Re:The frustration of trying to invest in my hometown by kiplkipl on Tuesday August 04, 2020 @04:46AM (#24047953)
I know what the article says. A person who can't get a mortgage on 8 won't be able to get a mortgage on 4 at the same rate as another person who can get a mortgage on 8.

>I suggested that if you can't get a loan you should tune down your ambitions a bit.

This is not about the ambitions of the individial in the link, it's an issue of structurally unequal differences that make it harder for black areas to see investment.

>tune it down with the racist us vs them thinking. It's not like all white people gain from that one person getting more leverage.

>I was talking about doing this to remove the statistics that cause the apparent racism, while you want to keep perpetuating the same mentality. Wake up or keep wondering why you are still losing.

Please stop telling me what I'm thinking.

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Re:The frustration of trying to invest in my hometown by reportgunner on Tuesday August 04, 2020 @06:30AM (#24048538)
> A person who can't get a mortgage on 8 won't be able to get a mortgage on 4 at the same rate as another person who can get a mortgage on 8.

Sure, but since he had cash to pay for 8 I assume that he would not need a loan if he bought 4 instead.

> it's an issue of structurally unequal differences that make it harder for black areas to see investment

Yes and I've suggested a way to fix these differences. Stop risking so much and support each other as a community to reduce the rate of bankrupcies.

> Please stop telling me what I'm thinking.

OK, no problem.

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