You know there’s a housing crash when banks are giving free money only to brown people

>be white
>apply for loan
>get denied because of race
>sue the government
>Clarence Thomas awards you millions of dollars
Could this work?

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Very opportunistic of the banks to wait until rates have peaked to 15 year highs before roping em in

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the interest is up though.
most of these races, especially blacks, don't make payments on time or at all.
this is actually predatory loan practices as many people who now qualify or think they can afford a house, actually cannot.

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The courts will be continue to be clogged for decades. I am considering suing every restaurant, business, and fucking state that discriminated or flat out refused me services for being unvaccinated.

think of it like those shady used car dealerships that say "for $0 down, no interest for the first few months, you can drive away with a car"
but the interest is retardedly high.

This is the blowoff top then. Prices will probably go up for the next couple months until defaults of these loans trickle in. Which is very coordinated to the job numbers declining along with the economy contracting. A few months of fomo buyers and then boom, the bomb goes off and every hedge fund in earth unloads their toxic debts onto the lower brown class

They're giving out mortgages to everyone willing to buy up property in black and brown neighborhoods (race of buyer doesn't matter here). They're basically giving Blackrock and Vanguard an incentive to buy up everything in those areas.

I can’t tell if they want to crash the market or desperately keep prices inflated.

They’re trying to kick the van down the road just slightly passed the 2024 election. On average, default rates will not show themselves until we see about an 18-24 month gap from the start of this brownlining they are doing now. They are betting on a Biden 2024 win, and then letting his second term be a lame duck spending spree and debt jubilee like the Obama harrp program that “forgave” negative equity mortgage debt.

It’s quite the opposite: they are giving the loans EXCLUSIVELY to blacks and browns. Blackrock and vanguard will then sell their massive single family residence portfolios to these browns and then the real housing crash begins.

I don't think it will work the way they expect this time, browns and nigs don't want to live in places like Detroit or Chicago after Floyd. Why would you put yourself in great debt to live in a place with no jobs and high crime?

This. It’s a tale as old as time. Or usury for that matter.

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And they will be bailed out again with your tax money. And the dollar will lose its purchasing power even more. I hope you are ready.

>(((bank of america))) tricking vulnerable low info buyers into terrible long term adjustable rate mortgages to fight racism.

At least the Jews have a sense of humour

This can't be real. Our country can't be this explicitly anti white

Are these going to be the 50-year mortgages we've heard about?

>zero down
>zero fees
>low credit score
you just know they are packaging it into and charging 10% interest on this - worse than renting

this.
and where are those houses in blackrock and vanguards portfolios? you guessed it, the suburbs. they’ll then buy the shit property the blacks and spics sold and renovate the inner cities now that all the minorities are out. then the cycle is repeated

>Applicants won't have to disclose their race, as the bank will use US Census data to determine which neighborhoods are predominately black or hispanic. The program will have no minimum or maximum loan size for the new offering, which qualifies as a FDIC "special purpose credit program."

It's all about location

Source: zerohedge.com/personal-finance/bofa-launches-zero-down-mortgages-only-black-and-latino-neighborhoods

What's coming will make the Great Depression look like a fart in the wind.

White people actually learned a lesson in 2008 that the housing market is NOT invulnerable and have been harder to con, easier to target immigrants and blacks who apparently didn’t learn their lesson last time.

I'm guessing with this the play is they think the government will never allow them to foreclose on basically 100% niggers and so no matter what happens they are insured by politics?

They're giving mortgages out to black and brown people so they'll move into white neighborhoods, hoping whites will flee when it starts going to shit so they (Blackrock) can buy up the rest of the property. Then they'll own everything when eventually the "no cash down" mortgages cannot be paid

its funny because every solution is always financial and you wonder why they cannot just build low cost housing because that is not profitable for these RE companies they instead use financial instruments to trick people into buying what they are building/selling

Jesus. This is even more sinister than I thought.

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