My main issue with the whole fact of living in this situation was the reality that back in the day if we don't remember, and need to be reminded, the government allowed banks to lend money, they had rules to follow, but before some of these rules were set, as we know banks lent to white families more than colored, and native Americans were either given their allotment shacks, or lived as hired hands outside of the reservations, but they were also refused loans. This created a economic segregation, which is even more a bigger problem today than even back then, because still to this day we have banks that can't qualify poor individuals because the average mortgage payment at today's interest rate is 3,690 a month, add insurance and property tax to that, nobody without a high paying job could afford this. Then you have investment companies buying houses, letting them sit empty, then resell them. The might do a few remodeling but still . It makes a economic device. And we're talking about 15 -30 years. Today most individuals see a home as temporary, something they could sell. I personally see it as a generational investment that gets passed on through the family. But matter is that banks once thought loaning anything below 10 percent of tax assessed value was risky. They rarely even loaned at tax assessed value. This should have always been the gold standard but somehow corporations took over the American dream , and I don't know how they live with themselves.
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