its funny...you read this, and all you learn is that black folks are the victim and nothing we can do can stop the big bad white man.
I read that and see some mistakes.
I hope from this that people learned that home ownership isnt that big of a deal...having your net worth tied into it is dumb.
If you are going to buy property, buy it for the purpose of income coming in....not to hold, and hope one day you can sell it for more.
2. Bad mortgages...nobody forced anyone to take those loans. Thats a bad decision.
Are you not a man that can stand on his own?
I know brothas that are making a killing in real estate...how come the system isnt holding them back?
This liberal mindset has made the American black population a sitting duck...w/ no financial literacy. The rules of the game are out there for everyone to learn...if you get got, you werent paying attention.
You expect everyone to hold your hand and make life decisions for you?
Where is the independent mindset?
How is it 2015 and black folks still crying about fairness....you didnt learn there is no such thing as fair growing up?
"You knew the game, and you still ended up on your back"
I see a slanted system built to accommodate the accumulation of money rather than benefiting people(market systems can benefit people, that's not their function though), really a radical idea I know. How weak to favor people over concepts.
Considering the sizable wealth gained through buying real estate we've seen as a society from the 1950s to the modern day and rapid population growth worldwide, I'd say dismissing owning homes as an asset seems shortsighted. You shouldn't buy a home as a status symbol or strictly as an investment if you plan to live there, but denying the value of owning land as a long term economic asset isn't the lesson I'd gather out of that,
You knowing people making money off of real estate doesn't discount the predatory nature of wall street and banking in general(capitalism itself even more generally). Some people are exceptional, but statistics show us that America is a rigidly class and racially stratified society. Black people and poor people in general have generational earnings and opportunity gaps.
The rhetoric of rugged individualism is a lie, it's always been a lie. Unless you genuinely believe that poverty is somehow a genetic defect, how can you justify the consistent poverty of black people from the 1865 till the present? Was it the liberal mindset of the 1920s free form capitalism that was establishing a culture of dependency? The safety net has been consistently getting cut and restricted since 1980, why aren't we seeing the decline of the welfare state reflected in upticks in personal income? The independent mindset is a myth perpetuated by wealth that offers a chance at lottery in exchange for servitude.
Where was the independent mindset when Wall Street got bailouts? Why would these stalwarts of the capitalistic moral accept dependency? Don't they know government financing is what causes poverty?
In nature life isn't fair. I hardly see why we, in 2015 in the wealthiest country in the history of the planet, are still moralizing based on ideological platitudes about our hunter gatherer ancestors, anymore than we refuse air conditioned homes because summer in Georgia is hot. Life won't ever be perfect and equal to all beings, that certainly doesn't mean we should glorify and scorn fairness and justice.
What type of reasoning is this?
Not gonna debate the crisis, people get legit angry over that shyt lol
