So how about that Zimmerman trial?

[Barkingturtle]

Them uppity land-owning minorities pay more for houses because they gotta have the nicest houses in the best neighborhoods, imo. Genetic tendency toward bling, imo.

[Alawen]

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

so you base their poor home-buying decisions on... racism? i'm really not buying it. at all.

They're paying 3.5% more for equivalent homes. If you continue research, they pay higher interest rates, too. It's systemic racism.

[Splorf22]

Are you referring to http://www.nber.org/papers/w18069 ?

This paper uses unique panel data covering over two million repeat-sales housing transactions from four metropolitan areas to test for the presence of racial price differentials in the housing market. Drawing on the strengths of these data, our research design controls carefully for unobserved differences in the quality of neighborhoods and the homes purchased by buyers of each race. We find that black and Hispanic homebuyers pay premiums of about three percent on average across the four cities, differences that are not explained by variation in buyer income, wealth or access to credit. Further, the estimated premiums do not vary significantly with the racial composition of the neighborhood; nor, strikingly, do they vary with the race of the seller. This latter finding suggests that racial prejudice on the part of sellers is not the primary explanation for the robust premiums we uncover. The results have implications for the evolution of racial differences in wealth and home ownership and the persistence of residential segregation.

[Splorf22]

Full text not available that I could find [You must be logged in to view images. Log in or Register.]

[Alawen]

Yeah, that's the one. Economics department at Duke. I don't think the full text is available free yet.

[Samoht]

nor, strikingly, do they vary with the race of the seller.

so, it's not white people doing it

oh, ok

[Samoht]

hbb selling houses to his people at a mark-up again, huh

once again, not racism

just uneducated buyers

[Alawen]

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

so, it's not white sellers doing it

oh, ok

ftfy

[JurisDictum]

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

so, it's not white people doing it

oh, ok

guys guuys... white men from Texas all agree race isn't a problem anymore. Just quit with all the empirical data.

[Alawen]

Obviously all black and latino homebuyers are collectively stupid. They don't know how to bargain the price down and they don't know how to get a good loan. 100% their own fault.