Quote:
Originally Posted by DrPhil
Discriminatory lending practices that disproportionately impact racial and ethnic minorities, including those of upper socioeconomic status, has been observed, discussed, and studied for over a generation. Therefore, it is no shock that racial and ethnic minorities, including the higher social class, are disproportionately represented in the housing crunch. That doesn't mean that the majority of instances in this context are a result of discriminatory practices.
With that said, I wonder what the larger outcome is going to be with this housing crunch.
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I agree and I always shake my head at those of the upper socioeconomic because they should know better (I only say that because of the mentality of many upper socio, other times they are upper by salary and not upper by wealth so do we really consider them upper?). There definitely needs to be more education in lending.