See posts 1941 and 1942. Just Google the topic and you can find many more sources of data on this.
When and where was he not able to buy a house? An anecdotal example of racism doesn’t mean that racism is a large problem overall - it once was, but the problem has gotten a lot smaller over the past several decades (adverse Trump effect notwithstanding).
He was not able to buy a house in NY in the 1970s. Which reduces the ability to develop generational wealth.
Instead of my friend having a father with a paid off house ..in a nice neighborhood.. he had to continue to pay rent that of course increased over time.
That reduced his parents ability to help with my friends college.
Meanwhile ..my parents were able to buy a house in 1970.s.
Which stabilized their housing costs which meant that my parents could help me with college expenses though I grew up lower middle class. And my parents will be able to pass the wealth of that house on to me when they die.
My friend will not have that advantage. Because he is black..and his parents did not have the same advantages as mine who are white.
That effect occurs now..even though that red lining took place a generation ago. I.e. decades ago.
Red lining etc is not anecdotal..its well established institutional racism.
And it's ongoing..from 2004 to 2009 wells Fargo was systematically discriminating against African American and Hispanic borrowers by charging higher mortgage rates than white borrowers with similar credit.
And this is just a piece of the discrimination that African Americans have faced and continue to face that effects their ability to grow wealth.
Far more than this supposed " poor choices business"
Yes I have Google these poor choices opinions. And they are racist bunk.
My favorite is the " destruction of the black home and now 70% of black children are born out of wedlock".
Pooh.. there has not been an explosion of unwed mothers have children. There has been a dramatic decrease in married black women having children. Which has flipped the statistic.
If in 1970 there were 100 black children born. 30 to unwed mothers and 70 to Wed mothers. That 70% children born to wed mothers.
Flash forward a few decades and now black people are having less children out of 50 children born 30 are to unwed mothers..and now 20 to Wed mothers.
Same number of unwed mothers as before..just married black women having less children
Then there is the assumption that an unwed mother or even a house with a single parent in it means that there is only one parent. But that is an erroneous assumption as more people live together unmarried and that out of house dads are still able to parent. In fact there are studies that show black dads are more attentive to their children even when out of the house more than white dads.
I suggest you do some actual research on these issues and then we can discuss.