tag:blogger.com,1999:blog-5724595763985149011.post376494851222025970..comments2023-04-04T03:36:39.078-05:00Comments on Coach Sal: Poverty ReduxCoach Salhttp://www.blogger.com/profile/13942541698409058923noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5724595763985149011.post-80443382013904426682007-08-07T06:32:00.000-05:002007-08-07T06:32:00.000-05:00I don't know the methodology of the survey. All I...I don't know the methodology of the survey. All I do know is that this particular guy spotlighted by the paper the next week didn't have a racial problem, he had a math problem. You know the old line: "the plural of anecodote is not data." Once again, I'm certainly not claiming there's no racism in Charleston. But if I were guessing, rather than conclude that Charleston has the most racist city in the USA (doubtful, there's always Mississippi), I would wager that the combination of income disparity and the crazy value of Charleston real estate make something of a "perfect storm" for such results to appear.Coach Salhttps://www.blogger.com/profile/13942541698409058923noreply@blogger.comtag:blogger.com,1999:blog-5724595763985149011.post-83177702802446990432007-08-06T15:30:00.000-05:002007-08-06T15:30:00.000-05:00You're obviously more familiar than I am with the ...You're obviously more familiar than I am with the issue, but there's one thing I'm not clear on. Obviously, people in precarious financial situations have trouble getting loans, BUT...I was under the impression that the study that found racial inequality in mortgages controlled for income, meaning that on average, a black person ended up having to pay more than a white person in the same financial situation. Am I wrong on this? (I might be)Unknownhttps://www.blogger.com/profile/00678889630551165659noreply@blogger.comtag:blogger.com,1999:blog-5724595763985149011.post-88081187110881956202007-08-04T02:04:00.000-05:002007-08-04T02:04:00.000-05:00John Locke said everyone was entitled to a house.John Locke said everyone was entitled to a house.Paul Murphyhttps://www.blogger.com/profile/12717247152185765964noreply@blogger.comtag:blogger.com,1999:blog-5724595763985149011.post-77406396483716688552007-08-03T11:35:00.000-05:002007-08-03T11:35:00.000-05:00I agree that this is not an issue of race; it’s an...I agree that this is not an issue of race; it’s an issue of numbers. The article made it sound like minority groups are getting the raw end of the stick, but really the thing is that minority groups for whatever reason (that would be another post altogether, and I think you have already covered it before) tend to be poorer than white people in general, and obviously if you have less money you are going to have a harder time buying a house. However, I can personally vouch for some white people who do not yet have the money to buy a house either, but it isn’t the fault of the mortgage brokers or whoever. They don’t have any control over how much money anyone else has. True, in the case of the guy in the article it is incredibly unfair that he does not get paid more for being a teacher, and it is somewhat unfair that houses in the area are more expensive than they should be, but this has nothing to do with race.<BR/><BR/>The answer? Well, for this guy I would say continue to rent. (I mean, it’s not like he’s homeless. Whoever said that everyone is automatically entitled to own a house?) Yes, it is inconvenient to squeeze all of those kiddos into a small apartment, but he should have thought of that before he impregnated his wife. We have said this many times before, but if he thinks he can afford the payment that he would have had to pay for the mortgage, he should still pay that to HIMSELF (minus whatever his rent is) in savings or some kind of mutual fund until he can afford to put down a decent down payment on something later, and by that time he surely will have gotten pay raises and had a chance to pay off more of his student loans, etc. THEN he should be able to get a loan. Someone may say, “that’s all fine and good, but what about the money he is throwing away by renting?” To that I would answer that if a bank were to give him a loan NOW, he would end up paying a heck of a lot in interest anyway for that kind of a loan, so he should wait until he is in a better position and he will likely not have to pay as much in interest (especially if he shells out a sizeable down payment).<BR/><BR/>SO, to sum up, I think that people need to stop blaming other people for their own inadequacies, and people need to practice PATIENCE and lose the attitude that everything is entitled to them.<BR/><BR/>"Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much. So if you have not been trustworthy in handling worldly wealth, who will trust you with true riches? And if you have not been trustworthy with someone else's property, who will give you property of your own?” —Luke 16:10-12Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724595763985149011.post-226270410316649062007-08-02T20:13:00.000-05:002007-08-02T20:13:00.000-05:00Commute???Commute???Paul Murphyhttps://www.blogger.com/profile/12717247152185765964noreply@blogger.comtag:blogger.com,1999:blog-5724595763985149011.post-2542773193254479822007-08-02T12:28:00.000-05:002007-08-02T12:28:00.000-05:00Cry. A lot.Cry. <BR/>A lot.Lori Fitzgeraldhttps://www.blogger.com/profile/02877722289462166811noreply@blogger.com