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Whoa! Racial disparity in household net worth in USA is WORSE than Apartheid South Africa!
Crazy numbers. http://nationalreview.com/article/36...n-d-williamson
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I should make a career out of writing garbage.
I mean it seems to be working for this guy. |
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. |
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. |
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I don't think he took into account the value of the wheels on the donk. Nevermind those are rentals.
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