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Old 11-26-2007, 12:06 AM  
Profits of Doom
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Join Date: Feb 2004
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Quote:
Originally Posted by After Shock Media View Post
Well I think some loan companies may have. Actual banks, nah I find that doubtful.

I know first hand since I own a house in a "poorer" section of my city. During the big housing boom and when loans where floating around. I was receiving phone calls, post cards, as well as door to door salesmen trying to get me to cash out for an interest only home equity line of credit in excess of 125 to 150% of my homes value. Oddly now these same companies offices are now empty and again for rent in the shopping centers they popped up in.
I think that has way more to do with it being a poor area than a black area. If it was a predominantly affluent black area that wouldn't have happened. If a black area equates to a poor area of course they will target that...
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