{"id":18267,"date":"2021-06-29T07:47:51","date_gmt":"2021-06-29T14:47:51","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=18267"},"modified":"2021-06-30T12:42:52","modified_gmt":"2021-06-30T19:42:52","slug":"overnight-news-redfin-produces-study-demonstrating-that-black-would-be-homeowners-make-substantially-poorer-choices-blames-racism","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18267\/overnight-news-redfin-produces-study-demonstrating-that-black-would-be-homeowners-make-substantially-poorer-choices-blames-racism\/","title":{"rendered":"Overnight News: Redfin produces \u201cstudy\u201d demonstrating that black would-be homeowners make substantially poorer choices \u2013 blames\u00a0racism."},"content":{"rendered":"<p><div id=\"attachment_16586\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-16586\" class=\"size-medium wp-image-16586\" src=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg\" alt=\"Ya think it's easy?\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg 300w, https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage.jpg 320w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-16586\" class=\"wp-caption-text\">\u201cHow many toy balls is too many? Counting the lost\u00a0ones?\u201d<\/p><\/div>I would dearly love it if some impresario would put me on a stage with Redfin CEO Glenn Kelman, so we could discuss his strategy of race piracy as a business plan.<\/p>\n<p><a href=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17864\/overnight-news-why-is-glenn-kelman-redfins-white-male-ceo-so-bigoted-against-white-males-and-what-the-hell-do-his-racism-and-sexism-have-to-do-with-real-estate\/\" rel=\"noopener\" target=\"_blank\">As discussed,<\/a> I find the bigotry repellent, not the least because, as with every other Black Lives Mattering, Redfin is deliberately misleading black people \u2013 ultimately in order to prey upon them.<\/p>\n<p>Accordingly, <a href=\"https:\/\/www.redfin.com\/news\/redfin-survey-black-homeownership-financial-barriers\/\" rel=\"noopener\" target=\"_blank\">Redfin has just produced a dubious study purporting to prove that black wannabe home buyers are beset by racism \u2013 rather than by the accumulated consequences of habituated poor choices.<\/a><\/p>\n<p>Witness:<\/p>\n<p><a href=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-29-at-7.07.46-AM.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-29-at-7.07.46-AM.png\" alt=\"\" width=\"742\" height=\"556\" class=\"alignnone size-full wp-image-18268\" srcset=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-29-at-7.07.46-AM.png 742w, https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-29-at-7.07.46-AM-480x360.png 480w\" sizes=\"auto, (max-width: 742px) 100vw, 742px\" \/><\/a><\/p>\n<p>That chart is intended to prove that black homeowners&#8217; brows bead up with more-photogenic sweat, as they toil for their houses. What it actually shows is that \u2013 among Redfin&#8217;s very small, self-anointed data set \u2013 the white homeowners made much wiser decisions: Saving rather than spending, not paying extra taxes as a diminishing return and not robbing the family of quality time.<\/p>\n<p>I&#8217;d love to see the questions, but I&#8217;d rather add my own:<\/p>\n<ul>\n<li>Did you grow up with both of your parents?<\/li>\n<li>Are they still together?<\/li>\n<li>Are you legally-married?<\/li>\n<li>How many family transitions occurred while you were trying to buy a home?<\/li>\n<li>At what age were you taught to swim?<\/li>\n<\/ul>\n<p>It is beyond doubt that, considered contrafactually as groups, black Americans tend to be poorer in intellectual and social capital than white or yellow Americans, but blaming that on anything other than parental negligence seems specious to me. It is both false to fact and contrary to good sense: The only way to fix unmade beds is to make them.<\/p>\n<p>Redfin is a liar in a choir of liars: It laments what upwardly-mobile black people are getting wrong <em>while<\/em> obscuring these obvious facts and <em>refusing<\/em> to share the good news: If you manage your family, career, time and money like your white and yellow colleagues, you will achieve the same results financially.<\/p>\n<p>Since Redfin is not doing anything like that, it is safe to assume that they are lying and pandering in order to prey upon black consumers \u2013 just like every other corporate <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18267\/overnight-news-redfin-produces-study-demonstrating-that-black-would-be-homeowners-make-substantially-poorer-choices-blames-racism\/#more-18267\" class=\"more-link\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cHow many toy balls is too many? Counting the lost\u00a0ones?\u201dI would dearly love it if some impresario would put me on a stage with Redfin CEO Glenn Kelman, so we could discuss his strategy of race piracy as a business plan. As discussed, I find the bigotry repellent, not the least because, as with every [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[29,26,6,5],"tags":[],"class_list":["post-18267","post","type-post","status-publish","format-standard","hentry","category-group-therapy","category-lending","category-marketing","category-real-estate","no-featured-image"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":17949,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17949\/overnight-news-what-are-primarily-black-neighborhoods-and-how-do-they-overlap-with-redfins-redlining\/","url_meta":{"origin":18267,"position":0},"title":"Overnight News: What are \u201cprimarily black\u201d neighborhoods? And how do they overlap with Redfin\u2019s\u00a0redlining?","author":"Greg Swann","date":"March 9, 2021","format":false,"excerpt":"I've been meaning to mock Glenn Kelman and Redfin for its commissions hypocrisy, so forgive me my diversions: Redfin, a national real estate brokerage currently under investigation for undeniable anti-black disparate-impact redlining, is today making claims about primarily black and primarily white neighborhoods \u2013 the latter type being where you\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18109,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18109\/overnight-news-redlining-redfin-redlines-the-most-redlined-city-in-america\/","url_meta":{"origin":18267,"position":1},"title":"Overnight News: Redlining Redfin redlines the most-redlined city in\u00a0America.","author":"Greg Swann","date":"May 4, 2021","format":false,"excerpt":"Redfin is coming to Boston \u2013 if you consider the remote outer-suburbs Boston. From the link: Redfin is making offers on single-family homes and townhomes built after 1900 in parts of Middlesex, Norfolk and Plymouth counties. The company expects to expand to additional neighborhoods and property types in the region\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17060,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17060\/overnight-news-mocking-redfin-about-the-dystemperors-new-unriots-is-funny-until-you-think-about-what-our-studied-negligence-is-doing-to-the-black-middle-class\/","url_meta":{"origin":18267,"position":2},"title":"Overnight News: Mocking Redfin about The Dystemperor\u2019s New Unriots is funny \u2013 until you think about what our studied negligence is doing to the black middle\u00a0class.","author":"Greg Swann","date":"September 19, 2020","format":false,"excerpt":"As I noted yesterday, these are not just riots we are seeing across the country, they are carefully-mismanaged riots. Where the police department is allowed to function according to well-understood crowd-control theory, there are no riots. Cf., e.g., Detroit. As with acknowledging the riots themselves, taking note of this deliberate\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1820,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1820\/redfin-lessons-in-how-not-to-succeed\/","url_meta":{"origin":18267,"position":3},"title":"Redfin: Lessons in How NOT to Succeed","author":"Jeff Kempe","date":"August 18, 2007","format":false,"excerpt":"No apologies for the topic. As many problems as exist in the real estate industry -- many more than the practiced elites would like to acknowledge, many fewer than the bubbleheads need to satisfy their tantrums -- Redfin has made itself a prominent example of how not to improve things.\u2026","rel":"","context":"In &quot;Marketing&quot;","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17038,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17038\/overnight-news-redfin-why-isnt-this-historic-sellers-market-holding-back-buyers-ctrl-f-riot-not-found\/","url_meta":{"origin":18267,"position":4},"title":"Overnight News: Redfin: \u201cWhy isn\u2019t this historic seller\u2019s market holding back buyers?\u201d CTRL-F \u2018riot\u2019; not found.","author":"Greg Swann","date":"September 17, 2020","format":false,"excerpt":"Housing Wire: Fed says expect low rates through 2023. Much better crystal ball than the one we have... Forbes: Will The Latest Stimulus Proposal Stop A Potential Housing Crisis In 2021? Redfin: Home Prices Rose 11% in August\u2014Biggest Gain in Over 6 Years. Housing Wire: More young adults live at\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2701,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2701\/redfincom-builds-new-listing-oversight-tools-for-sellers\/","url_meta":{"origin":18267,"position":5},"title":"Redfin.com builds new listing oversight tools for sellers","author":"Greg Swann","date":"March 4, 2008","format":false,"excerpt":"Here's the news, snipped to the quick:Online real estate broker Redfin Corporation today released Redfin Listing Metrics, a dashboard for Redfin's listing customers to analyze neighborhood inventory trends and recent sales, and to compare their listing's online traffic to that of other listings in the neighborhood.That sounds slick, doesn't it?\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=18267"}],"version-history":[{"count":5,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18267\/revisions"}],"predecessor-version":[{"id":18276,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18267\/revisions\/18276"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}