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Warpy

(114,671 posts)
Tue May 7, 2024, 03:41 PM May 2024

In Boston I eventualy gravitated to a hood they didn't flip

because the Irish were too stubborn to leave, so it was Black, Irish and Puerto Rican with a lot of new immigrants thrown into the mix. It was the best kept secret in the city because it had one of the lowest crime rates. Incursion by slum lords was minimal and, while banks dragged their feet, property owners could get loans and buyers could get mortgages.

That was the difference between that part of town and the flipped areas, which had been redlined almost as soon as the first middle class Black family moved in. Slumlords snapped up[ properties for barely enough to put a down payment on some cracker box in the burbs and banks redlined the area, no loans for owner occupied properties and no mortgages granted to buyers.

I'm not surprised by the bitterness. I saw the result of that kind of racism.

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