So how about that Zimmerman trial?

[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.

[Daldolma]

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

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.

i c yer sarcasm but given the fact that the study found no significant differences based on race of the seller or racial composition of the neighborhood, and controlled for wealth and access to credit, wouldn't it make sense to consider that the difference could reside on the demand side?

the idea that black sellers in black neighborhoods are pricing up black buyers at the same rate as lily white sellers in homogenously white neighborhoods seems a bit far fetched. i don't doubt systemic racism exists, nor do i doubt it exists within the housing market. i just question the interpretation of this data, given what it didn't find and what it controlled. if we're seeing a pervasive, 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

[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