Yeah that's just a load of journalistic twisted BS. For one because there's a big amount of time including some drastic market changes since this time last year. My house has increased a lot in value over that same time too.
If any black people would like to come stand in for me, that would be great. I can then use the much lower value to get my taxes dropped.
Without them instantly shutting down the argument? Probably impossible, I was called racist for lamenting that Islamic cultures still widely use acid to attack women for not obeying them, somehow a feminist said it was racist because brown people aren’t the only people who use acid as a weapon.
"It's almost when people see Black neighborhoods, they see twice as much crime than there actually is. They see worse education than there actually is," Perry said. "I think this is what's happening when appraisers, lenders, real estate agents see Blackness. They devalue the asset. They devalue the property."
I mean, I don't think they see 12x the crime, which would be twice as much as there actually is relative to white neighborhoods. And twice the funding doesn't even get half the graduation rate in black neighborhoods.
Very interesting video on the subject, with a case study of a neighborhood that went from 92.2% White and 2.2% Black to 33.2% White and 58.8% Black in the course of a decade.
The first wave of Black residents tried to assimilate into the White culture, but the second wave didn't; and as the neighborhood started to decline the Whites and Jews fled. Which just increased the number homes for sale and the number of Black residents buying into the neighborhood and making the situation worse.
He texted her when it was time for her to return, noting that nothing about the visit was extraordinary. Two days later, Duffy received a copy of her new appraisal with the higher $259,000 value.
Boston had no explanation for the more than 40% difference between his appraisal and the final one.
"We should have to look at those appraisals to figure out why there's such a big difference," he said.
But, he questioned why the third appraiser's identity is redacted in the HUD complaint publicly released by the Fair Housing Center. He said he also wondered whether that party is certified.
Magical third appraisal of unknown appraiser who won’t self identify or share their methodology, wonder how that happened.
Despite the public safety orders and business closures caused by the pandemic, the real estate market in Central Indiana was red hot. The Federal Reserve was keeping interest rates low. And, Duffy said her sister, who lives nearby, had her home appraised at roughly $198,000 in 2019.
So her black sister got a good appraisal but she didn’t because racism?
It’s what they want to be true versus what is. I’m just surprised they haven’t launched a new redlining initiative that allows black people to buy homes way out of their price range and force banks to accept. Oh wait.........
I found her neighborhood (two houses along Fall Creek Parkway East, one destroyed and rebuilt after a fire -- I presume one is hers and one is her sister's. The house pictured in some of the stories is the destroyed/rebuilt one, and has the correct zip code, so it's probably that one). There's few comps, and none anywhere near $259,000. So she got a highball appraisal (probably an error, including the entire ZIP code which encompasses a lot of richer neighborhoods) and now she blames the sane appraisers.
Note that Ransom Place, which she claims appraises higher, is also a historically black neighborhood.
The second I saw the one person who seemed sane was the appraiser who openly spoke up I knew that the third appraisal was either a scam or major error.
Yeah that's just a load of journalistic twisted BS. For one because there's a big amount of time including some drastic market changes since this time last year. My house has increased a lot in value over that same time too.
If any black people would like to come stand in for me, that would be great. I can then use the much lower value to get my taxes dropped.
Don’t worry, there will be a follow up story on how the government is racist for increasing her property taxes to meet the new house value.
Don't forget this gem hidden in there:
I can imagine if she had it decked out in ridiculous African bullshit it probably drove the value down given her location.
Our old house was $360k in Jan of 2020. We sold it for $450k.
How do you even talk to someone who sees a story like that and takes it at face value?
Without them instantly shutting down the argument? Probably impossible, I was called racist for lamenting that Islamic cultures still widely use acid to attack women for not obeying them, somehow a feminist said it was racist because brown people aren’t the only people who use acid as a weapon.
yeah you were being xenophobic
I mean, I don't think they see 12x the crime, which would be twice as much as there actually is relative to white neighborhoods. And twice the funding doesn't even get half the graduation rate in black neighborhoods.
No one wants to live by black people - including black people - because they are wildly more violent and criminal.
Obamas moved to the whitest zipcode in the country
There goes the neighborhood.
Very interesting video on the subject, with a case study of a neighborhood that went from 92.2% White and 2.2% Black to 33.2% White and 58.8% Black in the course of a decade.
The first wave of Black residents tried to assimilate into the White culture, but the second wave didn't; and as the neighborhood started to decline the Whites and Jews fled. Which just increased the number homes for sale and the number of Black residents buying into the neighborhood and making the situation worse.
Yup, "White flight" is really just a natural reaction to the fact that wherever blacks go, crime follows.
Hmmmmm
https://raceandconflicts.home.blog/2021/04/21/percent-black-and-crime/
Magical third appraisal of unknown appraiser who won’t self identify or share their methodology, wonder how that happened.
So her black sister got a good appraisal but she didn’t because racism?
Don’t you love these provocative headlines with the actual truth buried in the article
Targeted propaganda at generation ADD.
It’s what they want to be true versus what is. I’m just surprised they haven’t launched a new redlining initiative that allows black people to buy homes way out of their price range and force banks to accept. Oh wait.........
I found her neighborhood (two houses along Fall Creek Parkway East, one destroyed and rebuilt after a fire -- I presume one is hers and one is her sister's. The house pictured in some of the stories is the destroyed/rebuilt one, and has the correct zip code, so it's probably that one). There's few comps, and none anywhere near $259,000. So she got a highball appraisal (probably an error, including the entire ZIP code which encompasses a lot of richer neighborhoods) and now she blames the sane appraisers.
Note that Ransom Place, which she claims appraises higher, is also a historically black neighborhood.
The second I saw the one person who seemed sane was the appraiser who openly spoke up I knew that the third appraisal was either a scam or major error.
I was charged for gas in the early months of the scamdemic to the tune of 1.79 / gal and now it's 2.99 / gal now that I got a nice tan.
What a bunch of racists.
They'll say "what does this say about our society?"
The real question: "what does this say about black people?"
Bullshit. A black person leaving a neighborhood makes the property values go up.
The difference paying attention in economics class makes.