07 Sep 20
@mott-the-hoople said“ The truth always comes out.”
Democrats better hope their boo game holds up. The truth always comes out.
https://thehill.com/opinion/finance/515329-home-sales-set-records-for-minorities-across-america?utm_source=whatfinger
You’d better hope not!
@mott-the-hoople saidA wonderful article.....millions of new minority homeowners. And I love seeing the word America in big print!!! I figure that swelling-with-pride may fade away if Biden is elected. He won't be, though. Shades of the McGovern disaster are rising on the horizon!!!!
Democrats better hope their boo game holds up. The truth always comes out.
https://thehill.com/opinion/finance/515329-home-sales-set-records-for-minorities-across-america?utm_source=whatfinger
@mott-the-hoople saidThey will say Obama did it, when in fact the news is full of proof that Obama 'missed his chance' to help minorities, all the while having a beer (maybe dope) in the Rose Garden. They will tell you that because they think it, but they are mis-guided, as usual.
so you are not happy Trump created an economy that actually helped minorities?
07 Sep 20
@mott-the-hoople saidWhat point are you making? That racism doesn't exist because more blacks buy houses? That black people should vote for the guy who called BLM a terrorist organization? That blacks should vote for the guy who said cops shouldn't be "too nice" when arresting people?
Democrats better hope their boo game holds up. The truth always comes out.
https://thehill.com/opinion/finance/515329-home-sales-set-records-for-minorities-across-america?utm_source=whatfinger
So one piece of good news for blacks means they should vote for a man who said people who kneel to protest injustice against blacks "maybe shouldn't be in this country"?
https://www.bbc.com/news/world-us-canada-44232979
https://abcnews.go.com/Politics/trump-police-nice-suspects/story?id=48914504
07 Sep 20
@mott-the-hoople saidMinorities have succeeded in spite of Trump, not because of him.
so you are not happy Trump created an economy that actually helped minorities?
07 Sep 20
@vivify saidYou are a master of the Twist. Look deeply. If you are in a club downtown and you dont like 'what is going on' in the Club, tell us what you would do. Me, I would say, I don't like this place, so I am leaving. But you, would you shock everyone about your disdain for them? Normal people would find another place to be. On the other hand, you would kneel on the floor and whine that you think the club should change what you don't like. They, like Trump, would naturally retort with..."find another club', and maybe add a little 'we dont want your kind around here.' I know, I know, that is offfeennnnsive. Anyway, that is all that our president was saying, I guess he , as our leader, is attempting a bit of common sense.
What point are you making? That racism doesn't exist because more blacks buy houses? That black people should vote for the guy who called BLM a terrorist organization? That blacks should vote for the guy who said cops shouldn't be "too nice" when arresting people?
So one piece of good news for blacks means they should vote for a man who said people who kneel to protest ...[text shortened]... rld-us-canada-44232979
https://abcnews.go.com/Politics/trump-police-nice-suspects/story?id=48914504
07 Sep 20
@averagejoe1 saidTell that to the Muslims banned by Trump, or to the Hispanics who watched Trump pardon Arpaio, who put them in chains without probable cause or due process.
Minorities have succeeded because of Trump, not in spite of him.
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07 Sep 20
@vivify saidmuslims banned by Trump/ That lie was exposed, you sure cling to lies tho dont you...hands up. Being in our country illegally is probable cause. You are anti- American...thats it in a nutshell.
Tell that to the Muslims banned by Trump, or to the Hispanics who watched Trump pardon Arpaio, who put them in chains without probable cause or due process.
@mott-the-hoople saidIt would be nice if the article quoted the source for its figures, or even better a link. Luckily for us, I found the Census Bureau report "QUARTERLY RESIDENTIAL VACANCIES AND HOMEOWNERSHIP,
Democrats better hope their boo game holds up. The truth always comes out.
https://thehill.com/opinion/finance/515329-home-sales-set-records-for-minorities-across-america?utm_source=whatfinger
SECOND QUARTER 2020". https://www.census.gov/housing/hvs/files/currenthvspress.pdf
It says that in the 1st Quarter of 2017 when Trump took office, the home ownership rate for blacks was 42.7%. It was exactly the same in the 3rd Quarter in 2019 while white home ownership had increased from 71.8% to 73.4%.
From that point there was a jump to 44% in the 4th Quarter of 2019 which remained the same figure in the 1st Quarter of 2020. Then COVID hit and Census Bureau data collection was adversely impacted. From the report:
"On March 20, the Census Bureau suspended in-person interviews and this has continued through June 2020. The
Census Bureau continued to conduct the CPS/HVS by telephone and made efforts to collect telephone interviews
for households and vacant units that would normally have been personal interviews. Households are in the survey’s sample for a total of 8 months, meaning that Field Representatives attempt to interview someone in the household each of those 8 months. Generally, households entering the sample for their first month and fifth month are interviewed through a personal visit. Interviews for other months can be conducted by phone under
certain conditions.
Data are generally collected the week of the 19th and the reference period is the time of interview. The response rate for April was 69.9 percent, 67.4 percent for May, and 64.9 percent for June. For comparison, the average response rate for April, May, and June 2019 was 82.7 percent.
The estimation methodology was not changed in response to the coronavirus pandemic. We are unable to determine the extent to which this data collection change affected the CPS/HVS estimates. Data users should therefore exercise caution when comparing the second quarter estimates to previous quarters, interpreting the differences between quarters to reflect both the effects of the coronavirus pandemic and the effects of
changes in data collection procedures. Data users should also review the FAQ for further information. "
Color me skeptical that there was really a large jump in homeownership during the 2nd Quarter of 2020 in the middle of the COVID epidemic. The data has jumps in ownership of 2.3% among whites and 3.4% among non-whites even though that is a larger increase among both groups than there had been in the 12 quarters since 1Q 2017 combined.
I mean look at this chart: https://tradingeconomics.com/united-states/existing-home-sales
Existing home sales reported in the 2020 2Q were about 12.9 million. In 2020 1Q the figure was 16.45 million (that's three months of data each which are annualized, so the actual numbers are considerably less). So existing home sales plummeted by over 20%, but the Census Bureau figures say the percentage of homeowners increased sharply. Sorry, I'm not buying it.
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07 Sep 20
@no1marauder saidyou dont have to buy it...
It would be nice if the article quoted the source for its figures, or even better a link. Luckily for us, I found the Census Bureau report "QUARTERLY RESIDENTIAL VACANCIES AND HOMEOWNERSHIP,
SECOND QUARTER 2020". https://www.census.gov/housing/hvs/files/currenthvspress.pdf
It says that in the 1st Quarter of 2017 when Trump took office, the home ownership rate for bl ...[text shortened]... Census Bureau figures say the percentage of homeowners increased sharply. Sorry, I'm not buying it.
the article was written by an expert in the business.
“ John Weicher is a senior fellow and director of the Center for Housing and Financial Markets at the Hudson Institute based in Washington. He served as assistant secretary for the Department of Housing Urban Development”
07 Sep 20
@mott-the-hoople saidHudson Institute "a politically conservative,[8] 501(c)(3) non-profit American think tank based in Washington, D.C. It was founded in 1961[1] in Croton-on-Hudson, New York, by futurist, military strategist, and systems theorist Herman Kahn and his colleagues at the RAND Corporation."
you dont have to buy it...
the article was written by an expert in the business.
“ John Weicher is a senior fellow and director of the Center for Housing and Financial Markets at the Hudson Institute based in Washington. He served as assistant secretary for the Department of Housing Urban Development”
https://en.wikipedia.org/wiki/Hudson_Institute
John Weicher "From 2001 to 2005, Dr. Weicher served as assistant secretary for housing and federal housing commissioner at United States Department of Housing and Urban Development (HUD)".
https://www.hudson.org/experts/430-john-c-weicher#:~:text=and%20Mortgage%20Markets-,John%20C.,of%20Housing%20and%20Urban%20Development%20(
So he was working in the GW administration overseeing housing.
How'd that work out?
Anyway, the article doesn't lie, it just spins. But the rosy figures for the 2nd Quarter 2020 are dubious and the full figures for Trump's term without them isn't very impressive.