So how about that Zimmerman trial?

[Splorf22]

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.

It seems your data doesn't say what you think it says. Anyway if you aren't having fun then forget it. I don't take this stuff seriously and its not fun when other people do.

[Daldolma]

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

Buyers rarely interact directly with sellers. There is usually at least one agent involved and frequently two.

Let's imagine for a moment that Bob opens up Bob's Pretty Good Black and Latino Loan Store. Bob starts making enough loans to show up on the radar of First National Loan Gougers of Omaha. They crunch the numbers and they'll make more money by buying Bob out. They don't even have to pull in favors from Mayor Corruption or Governor How Much You Got. Bob gets a couple mil, First National goes back to gouging. No conspiracy required.

Barkingturtle, I'm pretty stubborn. Not as stubborn as HBB, but I'll waste quite a bit of time before I realize the futility of something. But what if even one person says, "Hey, I hadn't looked at it that way?"

from the abstract that was posted, the 3% premium seems to be related to purchase price, not loan rates. i'd quibble with your suggestion that buyers/sellers rarely interact, but even granting that most transactions are driven by agents, you're suggesting small-scale actors as diverse as real estate agents are summarily and invariably hiking prices on minority buyers by 3% in all markets. that just doesn't strike me as a tenable interpretation of the data -- it's more of a shifting of the goal posts. the study found no differences based on race of seller or racial composition of neighborhood. you're shrugging off those measures and doubling down on the race of the real estate agent(s), which went unrecorded.

i won't venture a guess as to those numbers, but assuming real estate agents were to fall in line with the people they're representing or the neighborhood(s) they are active in, you'd be back to looking at the buyers

[Samoht]

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

invariable premium on real estate purchases by black and latino buyers across all markets, the issue may reside with the buyer and not the varied sellers

right, they might be willing to pay more for less value, whether they realize it or not

[Alawen]

I'm not doubling down on the race of anyone. The race of the real estate agent or loan officer is irrelevant. Systemic racism is SYSTEMIC.

Here's another study that shows blacks paying higher interest rates AT ALL INCOME LEVELS: Minorities pay more.

Here's another study showing minorities getting jacked in New York.

Here's an academic paper from an older study.

This one is from Harvard.

Not to be outdone, Yale weighs in.

Do you have enough links yet? While we're at it, do you know that data and analysis are not synonyms? Will it confuse the issue if I also mention that women also receive fewer loan approvals with identical financial information, pay more for their homes, and pay higher interest rates?

[Alawen]

While we're at it, here's an article about the real estate process: Buyer and Seller: Never the Two Shall Meet?

FSBO real estate sales are 10% of all sales and 7% of suburban sales, and 40% of all FSBO sales involve buyers and sellers who already know each other according to the National Association of Realtors.

inb4 lol racism doesn't exist because invisible hand of the free market

[TarukShmaruk]

So back on topic the prosecution has already rested their case.

The judge threw out a request for acquittal.

The judge also forced the jury to leave when the ME testified that he felt marijuana in Trayvons system could have altered his behavior.

[Fael]

Meh I agree with the judge. That Martin smoked weed is marginally probative (if at all) to the question of whether Zim had cause to reasonably fear for his life. In contrast, the information is highly and unfairly prejudicial to Martin's case, as it has a heavy dose of character implications.

Although, most jurists probably already assume Martin smokes weed, as he is black, and that is a completely safe assumption. So, if i was the judge I would throw it out not based on a typical Rule 403 analysis, but because such evidence is needlessly cumulative and a waste of time!

Dolic

[Hasbinfat]

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

I'm not doubling down on the race of anyone. The race of the real estate agent or loan officer is irrelevant. Systemic racism is SYSTEMIC.

Here's another study that shows blacks paying higher interest rates AT ALL INCOME LEVELS: Minorities pay more.

Here's another study showing minorities getting jacked in New York.

Here's an academic paper from an older study.

This one is from Harvard.

Not to be outdone, Yale weighs in.

Do you have enough links yet? While we're at it, do you know that data and analysis are not synonyms? Will it confuse the issue if I also mention that women also receive fewer loan approvals with identical financial information, pay more for their homes, and pay higher interest rates?

This might have something to do with the fact that blacks and hispanics are far more likely to default on their loans, even when controlling for borrower and property characteristics.

Drawing racial discrimination as an having an ironclad causal relationship with the data is intellectually irresponsible. The science supporting that causation is very murky, and there are many intervening variables.

Bias in Estimates of Discrimination and Default in Mortgage Lending:
http://ideas.repec.org/a/kap/jrefec/...3p197-215.html

What Constitutes Evidence of Discrimination in Lending?
http://ideas.repec.org/a/bla/jfinan/...i2p739-48.html

And you're forgetting that in 2002, President Bush pledged to add 5.5 million minority home-owners, and this was accomplished by targeted subprime-type deals, zero-down-payment purchases, and other shady shit that was intended to inflate minority home ownership without much regard to their financial soundness down the road. It was designed to get as many minorities into homes as quickly as possible.

So at least some of what appears to be predatory, racist behavior by banks is actually a shitty, hamfisted form of affirmative action, with much of the impetus to perform this kind of lending coming from subsidies by the federal government.

[TarukShmaruk]

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

Meh I agree with the judge. That Martin smoked weed is marginally probative (if at all) to the question of whether Zim had cause to reasonably fear for his life. In contrast, the information is highly and unfairly prejudicial to Martin's case, as it has a heavy dose of character implications.

Although, most jurists probably already assume Martin smokes weed, as he is black, and that is a completely safe assumption. So, if i was the judge I would throw it out not based on a typical Rule 403 analysis, but because such evidence is needlessly cumulative and a waste of time!

Dolic

Frankly I don't think marijuana use has any real impact on someone's aggression, but drug use is ALWAYS considered in any crime like this. It seems odd that they'd want the jury to ignore it, yet allow the testimony.

I do find the judge to be a complete coward in not throwing the case out. O'Mara is right - the prosecution hasn't provided enough evidence in the SLIGHTEST to allow for a murder 2 conviction, and has already rested its case

[Freeport]

Doesn't matter- Zimmerman will walk and he should. If I was in the same position I probably would have done the same thing because there are some crazy motherfuckers out there. This goes for anyone who attacks me when im carrying my pistol. If im at fear for my life ill fucking blow your head off. Thanks

Also I like how this is such a white on black hate crime. It gets so much media attention. The media is warping everyone's views on what happened during this trial, during the Paula Deen bullshit and much more.
I wish for once the media would talk about something worth my while. A mexican dude shot a thug. Who gives a flying fuck its called "Natural Selection".

The thing is. Racism will never end. As Racism gets better reverse racism gets worse. It will never stop.

There are worse "hate crimes" done upon white people but its all ignored by the media because they don't want to start "racial tension".