Whoa! Racial disparity in household net worth in USA is WORSE than Apartheid South Africa! - GoFuckYourself.com

$5 submissions · 10-26-2013, 03:35 AM

Crazy numbers. http://nationalreview.com/article/36...n-d-williamson

blackmonsters · 10-26-2013, 06:22 AM

I should make a career out of writing garbage.
I mean it seems to be working for this guy.

dyna mo · 10-26-2013, 06:33 AM

reading through some of the links, blacks lost 1/2 their net worth durng the economic downturn of 2008+ after buying homes over they could not afford.

The main reason blacks and Hispanics did not fare as well during the economic downturn is that home equity makes up more of their wealth than it does for whites. The housing bubble that preceded the collapse pushed up homeownership rates among blacks and Hispanics, who relied more heavily on high-cost subprime loans to finance their purchases.
As a result, the implosion of the real estate market had a more devastating impact on black and Hispanic communities.

JockoHomo · 10-26-2013, 06:42 AM

Yes, the destruction of the mid-class is continuing as planned and is right on schedule.

The next "bubble" to burst should take out the few remaining ones...stay tuned.

Just Alex · 10-26-2013, 09:21 AM

Quote:

Originally Posted by blackmonsters

I should make a career out of writing garbage.
I mean it seems to be working for this guy.

Reality sucks. Doesn't it?

Quote:

And black Americans still have a median household net worth of less than half the price of a 2011 Ford Fiesta with 28,000 miles on it. The median black American household is poorer than the average household in India, which has a net worth of about $5,500, according to the Economic Times.

Just call next two images racism. No need to hold back.

Just Alex · 10-26-2013, 09:27 AM

Quote:

Originally Posted by JockoHomo

Yes, the destruction of the mid-class is continuing as planned and is right on schedule.

The next "bubble" to burst should take out the few remaining ones...stay tuned.

Middle class? Give me a fucking break. Call it self destruction of one particular community. And they are not anywhere near America's middle class.

onwebcam · 10-26-2013, 09:29 AM

I don't think he took into account the value of the wheels on the donk. Nevermind those are rentals.

10-26-2013, 03:35 AM	#1
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10-26-2013, 06:22 AM	#2
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10-26-2013, 06:33 AM	#3
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 65,340	reading through some of the links, blacks lost 1/2 their net worth durng the economic downturn of 2008+ after buying homes over they could not afford. The main reason blacks and Hispanics did not fare as well during the economic downturn is that home equity makes up more of their wealth than it does for whites. The housing bubble that preceded the collapse pushed up homeownership rates among blacks and Hispanics, who relied more heavily on high-cost subprime loans to finance their purchases. As a result, the implosion of the real estate market had a more devastating impact on black and Hispanic communities.

10-26-2013, 06:42 AM	#4
JockoHomo "LIKE I GIVE A SHIT" Industry Role: Join Date: Jun 2013 Location: Dark side of the moon Posts: 1,523	Yes, the destruction of the mid-class is continuing as planned and is right on schedule. The next "bubble" to burst should take out the few remaining ones...stay tuned.