{"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":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-18267","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1820,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1820\/redfin-lessons-in-how-not-to-succeed\/","url_meta":{"origin":18267,"position":0},"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":2701,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2701\/redfincom-builds-new-listing-oversight-tools-for-sellers\/","url_meta":{"origin":18267,"position":1},"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":[]},{"id":12308,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12308\/should-redfin-be-renamed-right-fin\/","url_meta":{"origin":18267,"position":2},"title":"Should Redfin Be Renamed Right-Fin ?","author":"Brian Brady","date":"June 16, 2010","format":false,"excerpt":"A La Jolla real estate broker noticed an article on Gawker.com, about a listing Redfin published, offering a currently occupied home (that isn't for sale).\u00a0 From Coastal Real Estate Stars: A new listing appeared on Redfin this weekend\u2026.1600 Pennsylvania Avenue! Now, in fairness to the Redfin folks, garbage in= garbage\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":1782,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1782\/in-closing-and-on-hiatus\/","url_meta":{"origin":18267,"position":3},"title":"In closing&#8230; and on hiatus.","author":"Kris Berg","date":"August 9, 2007","format":false,"excerpt":"To be fair, Sweet Digs in its current form is innocuous enough. It didn't begin that way, but that's where it has landed. And, to be fair, my mini-eruption this morning had nothing to do with Sweet Digs but everything to do with the role Redfin has assumed of industry\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1438,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1438\/not-to-be-missed-marlow-the-hammer-harris-on-the-redfin-hustle\/","url_meta":{"origin":18267,"position":4},"title":"Not to be missed: Marlow (The Hammer) Harris on the Redfin hustle","author":"Greg Swann","date":"May 16, 2007","format":false,"excerpt":"Eminently worth waiting for:I\u2019d love to be a fly on the wall at those meetings with the investors and venture capitalists. Pie charts, graphs, facts, figures. Lots of talk about disintermediation and volume of scale and that sort of thing. When Redfin fails, they won\u2019t blame themselves, the business model,\u2026","rel":"","context":"In &quot;Blogging&quot;","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1671,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1671\/redfin-cops-another-12-million-raising-investors-stake-in-the-discount-realtybot-to-40000-per-closed-transaction\/","url_meta":{"origin":18267,"position":5},"title":"Redfin cops another $12 million, raising investors&#8217; stake in the discount realty.bot to $40,000 per closed transaction","author":"Greg Swann","date":"July 17, 2007","format":false,"excerpt":"The indefatigable John Cook:Redfin has raised an additional $12 million in venture funding, money that the Seattle discount real estate broker will use to enhance its Web site and expand into new markets. First up for Redfin are the Washington D.C and Baltimore areas, which are being unveiled today. Next\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}]}}