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<blockquote data-quote="refineryworker05" data-source="post: 3478223" data-attributes="member: 66082">You can’t walk me through anything because you don’t get how the US mortgage market works.You really think banks would lend people money for homes for 30 years and with low down payments and low interest rates without the government insuring they’ll get paid?The modern US housing market was created by the. FHA. The FHA told banks we won’t insure these 30 year home loans with low down payments an$ low interest rates if you lend in certain neighborhoods. The FHA then created color coded neighborhoods along strictly racial lines and said don’t give out loans in the red areas. Thus redlining. This meant the people in the redlined areas would find it nearly impossible to secure a home loan while the FHA was ensuring those loans were available for white Americans.It was a massively racist government policy because the FHA as official policy strove to create what it termed racially homogeneous neighborhoods that actually helped create racially segregated neighborhoods all across America because the introduction of black families into your neighborhoods would get it redlined and no one would be able to get home loans.And it also was was the American government systematically allowing white Americans to buy homes and build wealth while denying it to black Americans.That’s what redlining is in America.</blockquote>

[QUOTE="refineryworker05, post: 3478223, member: 66082"] You can’t walk me through anything because you don’t get how the US mortgage market works. You really think banks would lend people money for homes for 30 years and with low down payments and low interest rates without the government insuring they’ll get paid? The modern US housing market was created by the. FHA. The FHA told banks we won’t insure these 30 year home loans with low down payments an$ low interest rates if you lend in certain neighborhoods. The FHA then created color coded neighborhoods along strictly racial lines and said don’t give out loans in the red areas. Thus redlining. This meant the people in the redlined areas would find it nearly impossible to secure a home loan while the FHA was ensuring those loans were available for white Americans. It was a massively racist government policy because the FHA as official policy strove to create what it termed racially homogeneous neighborhoods that actually helped create racially segregated neighborhoods all across America because the introduction of black families into your neighborhoods would get it redlined and no one would be able to get home loans. And it also was was the American government systematically allowing white Americans to buy homes and build wealth while denying it to black Americans. That’s what redlining is in America. [/QUOTE]

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