Latinos and blacks are unable to work hard, put the results of their hard work into homes, and encourage their children to do the same. Therefore, liberals are encouraging offering lower interest rates, subprime financial requirements, and virtual no-foreclosure guarantees to ‘equalize’ the financial wealth ‘gap.’
Now the reality: This will push home values well above the value that the property is worth, since more people can enter a limited market. More family assets will be taken into the financial system, bankers will make a great deal, so will realtors, and families will find that they are one sick day away from losing their ‘investment.’
But that’s okay, as most of these cut rate mortgage offers will be swooped up by investors who happen to be of the right pigment of Caucasian (IE Latino) and then they’ll point to the great success of the program (like they did before), and expand it even further, but this time also adding in wealth limits to prevent ‘investors from abusing the system.’ And then we’ll get the next subprime bubble, JUST like last time.
Liberals, the only ones who can repeat something over and over again and go ‘THIS time it will result in something different... REALLY!’
Either way, offering anything to anyone based solely on their skin pigment is discrimination. Something liberals love to practice each and every day.
That is NOT true of any Latino of my acquaintance-self included-we hate illegals and welfare, and do ask for welfare, even if we’re broke-we work extra hours...
Latinos in the San Fran area have a great work ethic. You never see them out begging. The streets always have workers looking to pick up a few bucks at odd jobs. You NEVER see blacks looking for work and the street corner bums are almost always white and black.
That does NOT describe many of the blacks and hispanics I know. It might describe the inner city, but not the folks I work with or who live in my neighborhood.