Living in a poor neighborhood changes everything about your life

[Yo_Mama_Been_Loggin]

In 1940, a white developer wanted to build a neighborhood in Detroit.

So he asked the US Federal Housing Administration to back a loan. The FHA, which was created just six years earlier to help middle-class families buy homes, said no because the development was too close to an "inharmonious" racial group.

Meaning black people.

It wasn't surprising. The housing administration refused to back loans to black people — and even people who lived around black people. FHA said it was too risky.

So the next year, this white developer had an idea: What if he built a 6-foot-tall, half-mile-long wall between the black neighborhood and his planned neighborhood? Is that enough separation to mitigate risk and get his loan?

When he did that, the housing administration backed the loan.

That was 75 years ago, but this type of racist housing policy helped create two divergent Americas.

https://www.msn.com/en-us/money/personalfinance/living-in-a-poor-neighborhood-changes-everything-about-your-life/ar-BBtV9t2?li=BBnbfcN&ocid=edgsp

[Wellstone ruled]

1. This is so true,

been there seen that and lived that.

[HoneyBadger]

2. It has changed somewhat

I walk past Jamie Dimon's apartment on occasion (learned where it was during Occupy), and used to see his kid walking the dog. They live 3 blocks from the projects and the walkups posted with signs about drug dealing and loitering being trespassing. It is amazing how different real estate varies when you cross the street.

[hunter]

3. We've many homeless people living on the banks of a creek within walking distance of our home.

After the recent heavy rains the police and fire departments made a sweep of the area downstream looking for people who might have been washed away.

This is the U.S.A.. This is a very liberal, very wealthy state.

The situation in poorer "conservative" states is much worse.

What are we as a nation? What are we becoming? Are we doomed to be a "developing" nation forever? Because that's what we are, a developing nation that happens to have a disproportionately huge military and nuclear weapons.

All my life I've only seen the disparities of wealth increase. The wealthy get wealthier and everyone else becomes poorer.

We brag about increases in "productivity," but the only people who see any gains from it are the very wealthy. Everyone else is losing ground.

A truly civilized nation would apply any increases in productivity to lifting people up and out of the most hopeless sorts of poverty.

Instead we get uber-wealthy people playing in financial markets the same way they'd play a game of high stakes poker in Los Vegas.

[Igel]

4. Yes. It does.

Wealth. Schools. Violence.

I was looking at a police incident report for the last 6 months yesterday. I compared where I live to a few miles south and north.

There were hotspots of assault and theft. They wee apts in "my" area and points south. Starting about 5 miles north they were subsidized complexes.

Overall , south had much higher crime rates compared to where I live--"middle-class minority-majority." Go north, demographics go mostly white and crime is almost all on major streets. Not in the "community".

Just look at gun violence and it's the demographic boundaries. I.e., race. Class matters a bit.