okay, one quick thought from reading this is that there's a loooot of creep happening with the word "reparations" that we should probably be mindful of.https://twitter.com/bauman_alice/status/1371812196972257280 …
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worth underlining, again, that homeownership programs are not reparative the logic seems to be that if Black people own homes it will create wealth the way it has for white people but we know that isn't truehttps://nyti.ms/3qWqP8K
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homes are worth less if Black people own them, if they are in Black neighborhoods, and they don't appreciate in value. let's say i buy a home with one of these programs. it doesn't close the gap from the 60+ year head start the white middle class had in subsidized home ownership
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it's true that homeownership might create wealth for certain individual Black families while still being a real drag on far more Black families. anyway, back to this script!
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When i say drag on Black families i mean homeownership is the primary way USians build and pass down wealth but since Black people’s homes don’t appreciate in value (bc racism) then the homes we purchase often become huge albatrosses
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there are so, so many Black families who take losses on their homes and Black homeowners whose mortgage terms (bc racism, again) mean that their homes are ticking financial time bombs
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and i think this gets a larger issue with “equity” conversations. Black people’s homes are worth less bc we own them. Our degrees don’t go as far, in terms of marketability or wages, bc we have them. At some point, we might have to think thru what MORE of those solves.
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Word on the grapevine is that there are sources showing that the Jesuits actually did even more on top of "held people in bondage, forced them into labor and then traded them as capital to start your elite university."
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I view this as trying to get out in front of some additional bad stuff about their enslavement of and exploitation of people, stuff that will come out in the next year or two.
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