Quote:
Originally Posted by sebastian_dangerfield
I get that. But what if you're not using ethnic criteria? What if you're using default rates among properties nearby? Zillow already runs a search that can give you all nearby foreclosures. Imagine what commercially used algorithms can provide.
I'm not missing your point. I agree that if you base lending on ethnicity, that's racism. But what if you're just fucking over people in high default areas?
My simple point is, lending against property is not all about credit score and down payment. It's about ability to get rid of the bricks and mortar if there's a f/c. I think this can hurt a lot of minority borrowers.
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You may well think I'm a racist.
In hiring, I strongly disfavor someone who has been handed too much and hire people who have had obstacles to overcome. Give me a young lawyer who grew up poor and black in the Bronx over someone who grew up in a wealthy homogenous suburb any day. Also, I like people with language skills, especially Chinese language, and so definitely favor first generation immigrants, often people of color.
