@dougweaverart: This is a combination of white flight and inequitable lending practices. #whiteflight #redlining #racism #mortgage #lending

dougweaverart
dougweaverart
Open In TikTok:
Region: US
Thursday 12 January 2023 16:43:03 GMT
354353
43425
2863
5771

Music

Download

Comments

grow.your.money
Grow Your Money :
Ngl I was going to discount what you were saying as just another white guy explaining issues in the black community. But you explained it very well
2023-01-16 18:24:18
14
myrabeautyofficial
Myra Beauty :
I know a couple that literally had their yt friend pose as the seller so they would get what the house was actually worth.
2023-01-14 13:18:00
353
mauvelavender
Mauve Lavender :
this shows how bias America is, they would rather let good properties goes to waste. This is why we are sinking today, this country is going downhill
2023-01-13 13:03:26
833
emileetru
EmileeTru :
Have you read “The Color of Law”? I highly recommend it. It talks about Housing policy on federal state and local levels wrote these issues into law..
2023-01-12 17:18:52
1509
dtectr
Dimitri :
THANK YOU!!!!! There so many people on TikTok who refuse to recognize this. it's infuriating
2023-01-12 18:27:39
1023
usogri1
usogri1 :
I feel like you just described Baltimore 🥺🥺
2023-01-12 18:52:53
622
careful_whispers
Careful_Whispers :
Badass Anti-racism. Allyship strong . Genuine truth .
2023-01-12 18:01:48
602
linkalipski
Linka Lipski :
That is incredibly heartbreaking and unfair to hear
2023-01-12 18:25:24
576
yolandadove999
Yolanda Dove999 :
Very true. I am in a Black neighbourhood. My hubby is White & then another White family came in. Property values elevated 😄
2023-01-12 17:05:19
549
dr.matt.rx
Dr Matt.Rx :
Which is why I still don’t believe in real estate here in the USA 😂
2023-01-12 17:52:41
519
afghanhokie
Nas :
Great topic and thank you for highlighting the inequality built into the system.
2023-01-12 16:54:45
366
penguicornut
Penguicorn :
I wish we thought of being investors as "investing in the collective wellness" & not "investing in personal wealth". We could take care of each other.
2023-01-12 18:51:51
341
randompapers
Scott Altamirano :
Dude, I drove through the St Louis area before - I have never seen such devastation of neighborhoods until that. It was crazy!!
2023-01-12 17:50:20
294
tt.seraph
Seraph :
Homes MUST stop being a commodity. Homes are a necessity. Period.
2023-01-12 17:03:52
293
thechadthegr8backup
Chaddrion Montague :
The Midwest was hit harder than most know. I’m originally from Indiana and I know exactly what you mean
2023-01-12 22:12:06
233
robert3563
Robert :
People need to start looking at property as a home before an investment. Even if it’s worth nothing monetarily, it’s priceless when you need shelter
2023-01-12 21:10:02
170
makemeclutchmypearls
MakeMeClutchMyPearls :
you forgot about financially depressing an area so bad it is ripe for gentrification
2023-01-12 17:43:34
139
casobserver
CasObserver :
Wow. Any ideas for solutions? I never look at demographics when I look for a house. I would have never thought of this.
2023-01-12 16:58:24
115
ladypartsdoc
LadyPartsDoc :
And then imagine if the people living there want to improve their homes, but the government refuses to give them loans. So, the houses become rundown.
2023-01-14 02:21:39
111
ruth.aguilera
Ruth Judeli :
The opposite happens when gentrification sets in. But then people who grew up in the neighborhoods can’t afford to stay.
2023-01-14 13:43:52
107
kenderfrog
Mother of the Horde :
While if many of the landlords turned them into rent-to-own they could sell them.
2023-01-12 17:11:41
91
authorjl
J.L.Ford :
Here in Fl, they make HOA’s unaffordable to keep POC out.
2023-01-12 22:38:26
85
optimalprecision
OptimalPrecision :
As soon as you showed the pics, I immediately thought St Louis! Have you seen the doc called Spanish Lake?
2023-01-12 18:07:24
81
dubninja85
DubNinja85 :
I wish people looked at homes as a place to live rather than a vehicle for wealth. Due to this mindframe and corporate buying I can’t afford a home!
2023-01-14 08:44:23
80
jay.theo
Jay Theo :
And then yt people move into black and brown areas and then push them out -Gentrification can you speak on that?
2023-01-12 22:07:02
68
blackwomansreformation
As The Cape Burns 🔥 :
POCs tend to bring crime. It’s sad fact. We (POCs) have to change the narrative by fixing our crime problems. Until then this will continue.
2023-01-12 17:56:38
62
leasliving
Léa :
This is why black homeowners get less value from the same house. Racist self-perpetuating system
2023-01-12 17:39:23
60
ochanyachelle1
Ochanya :
I’m Nigerian, I’m building a house in my country, the value appreciates 🤷🏽‍♀️
2023-01-14 00:52:14
55
plantmama.420
Shannon Johnson :
I’ve never thought about this… my moms been a realtor since I was a preteen & now this makes so much sense!
2023-01-12 17:06:12
49
sne_dosini
Sinethemba Dosini :
its not just America but its like that world wide. The system is against people of colour.
2023-01-15 03:58:57
43
lizart_d
Liz :
is this what happened to detroit
2023-01-14 07:19:23
41
garry02028
GWB :
Excellent assessment. Which city is this?
2023-01-12 21:38:19
39
shelbssmall
🌸 :
not related, but I feel like you’re this kind genuine TikTok big brother to everyone on here and I just love it 🥺
2023-01-12 18:17:03
37
thenewrealstlnews
thenewrealstlnews :
The Color Of Law by Richard Rothstein explains this 🥺
2023-01-14 02:46:01
36
thethrowbackkidd
TBK :
It’s a forever cycle.
2023-01-13 06:07:56
32
lynds614
lynds614 :
I live in this kind of neighborhood too. Thank you for explaining it so well.
2023-01-12 17:54:19
27
naveedahmedny
Naveed Ahmed :
American whiteness is truly insidious and evil, damn
2023-01-12 18:49:33
22
baff85
baff85 :
housing is such a big problem. my parents are landlords but to do right by the tenants. there are a lot of little things that can be done to help
2023-01-12 17:02:45
19
prestonbussell
Preston :
They hate us so much omg
2023-01-12 18:49:20
15
makeitwithmicah
Micah│DIY│Organization | ASMR :
Is this why some of my neighbors were absolutely panicked when I moved in 😅
2023-01-14 01:03:29
13
user277448577
user9122270655968 :
Clayton County, GA
2023-01-13 14:09:28
13
professor.odi
Professor Odi 📿🪬🧠👨🏿‍🏫 :
🤷🏿‍♂️
2023-01-14 12:57:25
10
_kaw.fee_
Kawfee :
I don’t think at this point it’s a good investment for anyone. They are way way too expensive now, it’s basically impossible to invest any money elsewhere or save any money while trying to pay for a house that expensive, so you basically have nothing for emergencies.
2023-01-12 17:37:42
9
tanyaucoaching
Tanya U :
You broke this down well
2023-01-13 05:19:29
9
blkpearl78
BlkPearl78 :
You are correct!! This also Sounds like "White Flight'
2023-01-12 18:44:18
4
retiredyounglady
jess :
and lower property value= lower property taxes= less school funding
2023-01-12 21:22:37
4
tberrilouise
Terri Hardin :
omg you live in St. Louis
2023-01-12 20:12:25
4
To see more videos from user @dougweaverart, please go to the Tikwm homepage.

Other Videos


About