(06-01-2021 05:27 PM)tanqtonic Wrote:  

(06-01-2021 04:45 PM)OptimisticOwl Wrote:  

(06-01-2021 04:21 PM)tanqtonic Wrote:  Apparently there is deep seated racism and discrimination in the appraisal process. Interesting.

Maybe it is that deep seated discrimination and racism in the appraisal process than is at the root in the crash of real estate in central Minneapolis.

If the purpose is to raise of the value and sale price of a house in a predominately black neighborhood, I wonder what kind of buyer is going to be willing to pay the higher price. I see some possible outcomes, none of which are good for the black community - lower volume of sales, so the homeowner has value on paper (wealth) but no buyers, and/or a dearth of white buyers, making the neighborhood even more segregated.

OTOH, my plan of giving tax breaks to anybody buying a house in a neighbor in which they are a 30% or less minority (includes white buyers in black/hispanic neighborhoods) would seem to encourage mixing of the races.

I was just going to say -- a big incentive for me to move back to El Paso.