September 17, 2012
There goes the neighborhood?
Is this post saying that the reason so many minority owned homeowners are now “upside down” is because their property values went down the minute they signed their mortgage?
Because… they are minorities and therefore accidentally but unavoidably did a “there goes the neighborhood” on themselves?
Sort of the way a car loses X% of its value the second you drive it off the lot, except if that only happened if a black dude was behind the wheel or something?
A “Wherever you go, there you are…” kind of thing?
I hadn’t thought of that. If so, then just… wow.
I got nuthin’.