A Black couple put in $400k in home renovations, but their home appraisal barely budged.

When a white friend posed as the homeowner for a new appraisal, the home appraisal went up by $500k!

This is outrageous but unsurprising. Let me explain. /1/

Home ownership is *the* single biggest wealth generator for most families. It builds your retirement nest eggs, allows a family to pass on generational wealth, and you can borrow against a home to pay for big expenses, e.g., children’s college education. /2/
Yet, home ownership is out of reach for many Black people for many reasons. First, discrimination in lending makes it difficult for Black borrowers to obtain a mortgage. Black borrowers are denied mortgages at DOUBLE the rate as white borrowers. /3/ https://t.co/3ybvwGTiXH
Second, less generational wealth for Black borrowers means they don’t get help from parents and grandparents who can you pay the outrageous down payment that most borrowers need to secure a mortgage. /4/
Finally, Black borrowers on average owe about DOUBLE the amount in student loan debt than white borrowers, and owe more than when they started college(!), which means the dream of home ownership is delayed if not denied. /5/ https://t.co/VDVA3ALIlx
What are the solutions to fix this huge problem. Black and Brown people are woefully underrepresented in consumer financial and housing regulatory bodies that are responsible for policing these industries. /6/
We need Black/Brown people in positions of power in these industries in order to bring their unique experience to bear. And cancel student loan debt which would begin to close to racial wealth gap and spur the economy to allow Black borrowers the ability to buy a home. /7/
And we need to focus more attention on systemic inequalities in our banking and lending systems (e.g., discrimination in lending, aka redlining). /8/
Finally, it is worth noting that a fairer system benefits all of us. More home ownership means more people investing in their neighborhood and spur the economy. We need to tackle discrimination in home ownership NOW. /end/

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@Suman68082748 @thetwinkwolff @x_karran_x @Sunil9130 Lets stop the criticism guys. The lad is good. Losses happen. Losses to unranked players happen too. As do wins vs top 10ers. Let's accept both. Remember Sumit and the likes of him are the best we have. See the bigger picture please.

@thetwinkwolff @x_karran_x @Sunil9130 When the Europeans or South Americans were getting quality practice and tourneys week in week out at reasonable costs, our kids were playing on dung courts or learning outdated serve and volley on grass. Appreciate the fact that the last 10 years have been a hell lot better than

@thetwinkwolff @x_karran_x @Sunil9130 the 10 before that. Real change can't come in a day or even in 10 years. So let's grit our teeth and bide our time till we have an organic self sustaining system in place.

@siyer30 @SportaSmile @Cric_Writer @RomilShukla @amanthejourno

@thetwinkwolff @x_karran_x @Sunil9130 @siyer30 @SportaSmile @Cric_Writer @RomilShukla @amanthejourno Tennis is my favourite sport in the universe. Has always been. Will always be. I was in love with Steffi and Pete a lot before I fell for Sachin. And while I would love every toddler in my family to play sports professionally, I won't encourage them to pursue my favourite sport.

@thetwinkwolff @x_karran_x @Sunil9130 @siyer30 @SportaSmile @Cric_Writer @RomilShukla @amanthejourno It will be career suicide. In other sports, I can actually plan for my ward to be the next Lin Dan or the next Tiger Woods or the next Schumacher even from a base in India. With tennis, in 2020 I can't do that realistically. Just doesn't adds up. Even for total freaks of nature.

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