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<blockquote data-quote="vantexan" data-source="post: 3478599" data-attributes="member: 24302"><p>You forget, or conveniently leave out, that there are anti-discrimination laws and it wouldn&#039;t take long before it became obvious that lenders were denying blacks based on race.&nbsp; Not saying it didn&#039;t happen, saying it&#039;s been awhile.&nbsp; Not the case now.&nbsp; If however a Black buyer doesn&#039;t have the means necessary to make a down payment he will be denied.&nbsp; The world has changed a lot since the real estate bubble burst.&nbsp; It&#039;s a lot tougher to get a loan these days.&nbsp; And granting millions of mortgages to unqualified buyers because of pressure put on the banks by Christopher Dodd and Barney Frank is what started the eventual bubble bursting.&nbsp; Again Democrats, who lambast banks and other corporations all the time, demonstrated a fundamental lack of knowledge about how markets work but they just want what they want, market collapses be damned.</p></blockquote><p></p>

[QUOTE="vantexan, post: 3478599, member: 24302"] You forget, or conveniently leave out, that there are anti-discrimination laws and it wouldn't take long before it became obvious that lenders were denying blacks based on race. Not saying it didn't happen, saying it's been awhile. Not the case now. If however a Black buyer doesn't have the means necessary to make a down payment he will be denied. The world has changed a lot since the real estate bubble burst. It's a lot tougher to get a loan these days. And granting millions of mortgages to unqualified buyers because of pressure put on the banks by Christopher Dodd and Barney Frank is what started the eventual bubble bursting. Again Democrats, who lambast banks and other corporations all the time, demonstrated a fundamental lack of knowledge about how markets work but they just want what they want, market collapses be damned. [/QUOTE]

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