Black women prove that education does not close the wealth gap

[Azul]

Board is full of defeated dudes.

It is getting increasingly annoying.

 

[ultraflexed]

Why would someone being saving up 100k to buy a house?

How old are you?

In the bay area the average house is 500k to 1 million....100k gives you 20% down payment on a conventional loan on a house worth 500k and voids pmi...keeps your overall mortgage low

 

[CrimsonTider]

How old are you?

In the bay area the average house in 500k to 1 million....100k gives you 20% down payment on a conventional loan on a house at worth 500k and voids pmi...keeps your overall mortgage low

How realistic is it save 100k?

how many people do you think putting 100k down to own a home in California?

 

[ultraflexed]

If someone is in the position to save 100k then they’re wasting their time not putting that rent towards equity in a house

mortgage interest rates are at historic lows right now

Your clueless, for a conventional loan you still need 20% down...100k puts you in the ballgame. He is only in position because I'm allowing him to stay rent free, that's the only reason why he's able to save that kind of money

 

[ultraflexed]

How realistic is it save 100k?

how many people do you think putting 100k down to own a home in California?

I put 120k down on my house. My parents dropped 300k on theirs out here 100k is the minimum for a brand new house unless you can get VA loan

 

[buzzkill]

That’s because they’re studying bullshyt degrees like psychology.

Why was i just having this argument about this with my family

All these excuses but I told them under 10% of people in skilled trades are women and I think 20% or less are in stem

They still like but but but women in stem aren't making as much as the white ceos... like that isn't a whole different topic

 

[bourgeoisie tall freak]

also, i don't think the majority of people care about the wealth gap when it comes to their personal life. that's something they look to goverment to resolve or just chat about on a bored day.

i don't know many people that will turn down a legit chance to be a doctor or lawyer and go work on the line or plumbing toilets because they may not get paid as much as their white counterparts lol
people want high paying jobs and lifestyles, they go and get it with a degree

 

[null]

Asians and cacs have a much higher rate.

That's missing multiple degrees. Also missing alternative qualifications as well right?

So not the entire picture.

 

[CrimsonTider]

Your clueless, for a conventional loan you still need 20% down...100k puts you in the ballgame. He is only in position because I'm allowing him to stay rent free, that's the only reason why he's able to save that kind of money

I put 120k down on my house. My parents dropped 300k on theirs out here 100k is the minimum for a brand new house unless you can get VA loan

mosr first time homebuyers don’t put down 100k

there are also FHA loans which require 3.5%


The typical down payment has been about 6% for some time in the US

 

[null]

I'll try one more time.

What percentage of black women have a bachelor's degree or higher?

Wrong question.

That doesn't explain who is the "best educated".

Multiple degree holders for start ...

 

[Black Nate Grey]

Because they are getting degrees in things that don't translate to high earning jobs.

Meanwhile Asians are filled to the brim in STEM, Jews in Finance, etc.

I've been in CS for about 3 years now, only ever been a handful of other black people in it. Counted 1 Black Woman.

The Eng building is filled with Indians and Asians. Even on Saturdays and Sundays.

There is, however a need for sociologists and psychologists among black people, sure. Meanwhile Brehs should try to get in that STEM life. That or trades.

 

[⠝⠕⠏⠑]

Who Are the Most Educated Women in America? Black Women

Considering enrollment alone gives an incomplete picture. Black women are also starting to outpace other groups in earning degrees. For example, although Black women only make up 12.7% of the female population in the country, they consistently make up over 50% of the number of Black people who receive postsecondary degrees.5 Percentage-wise, Black women outpace white women, Latinas, Asian/Pacific Islanders, and Native Americans in this arena as well.


Yet despite the fact that Black women are enrolled in and graduating from school in the highest percentages across racial and gender lines, negative depictions of Black women abound in popular media and even in science. In 2013, Essence magazine reported that negative imagery of Black women appears twice as often as positive depictions. Images of the “welfare queen,” “baby mama,” and “angry Black woman,” among other images, shame working-class Black women’s struggles and reduce Black women’s complex humanity. These depictions are not just hurtful; they have an impact on Black women’s lives and opportunities.

 

[⠝⠕⠏⠑]

Because they are getting degrees in things that don't translate to high earning jobs.

Meanwhile Asians are filled to the brim in STEM, Jews in Finance, etc.

I've been in CS for about 3 years now, only ever been a handful of other black people in it. Counted 1 Black Woman.

The Eng building is filled with Indians and Asians. Even on Saturdays and Sundays.

There is, however a need for sociologists and psychologists among black people, sure. Meanwhile Brehs should try to get in that STEM life. That or trades.

“A troubling fact about wage disparities is that they are true across a range of occupations. Black women working as personal care aides make 87 cents for every dollar paid to their white, non-Hispanic male counterparts.9 Yet even Black women who are highly educated, such as those working as physicians and surgeons, make just 54 cents for every dollar paid to their white, non-Hispanic male counterparts.9 This disparity is striking and speaks to the pervasive inequity that Black women face whether they are employed in low-paying or high-paying fields.”
White supremacy is to blame.

 

[ultraflexed]

mosr first time homebuyers don’t put down 100k

there are also FHA loans which require 3.5%


The typical down payment has been about 6% for some time in the US

I bought my first house in 2010 with a FHA for 195k I put 12k down on that house.
This one right here
452 Tulip Ct, Brentwood, CA 94513 | Zillow
I sold this house for 339k....right now it could sell for 517k according zillow.

So for a conventional loan you would need around 100k to get a 3 bedroom 1700sq house, keep in mind this house is around 15 years old. When I sold it it was about 9 years old
Prices have sky rocketed since...a fha will get you nothing our here but a astronomical mortgage that wouldnt be worth it.

It's not about interest rates, the more you can put down on a house the lower your mortgage plus you create instant equity

 

[Insensitive]

Even if Degrees don't guarantee you'll "Close the wealth gap", earning a degree
definitely helps in closing it.


My wealth has steadily gone up, I invest monthly as both a hobby
and of course a necessity for a comfortable retirement, I went from 0 to
ten of thousands and it wouldn't have been possible
without going to school.


So for any Black women out there, it's a damn shame that your degree cannot
stop white supremacy but trust, you didn't make a poor decision.