021: The Dark Side of Land Contracts and the Contract Buyers League
Note Inc
English - February 20, 2017 08:01 - 43 minutes - 59.7 MB - ★★★★★ - 21 ratingsInvesting Business passiveincome business finance investing notes realestate Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 020: Villa Lewaro and Jumbo Loans
What happens when predatory lending makes it's way into the note industry? Today we take a look at the the Contract Buyers League, an organization of homebuyers on the West and South sides of Chicago who banded together in 1968 to fight the predatory practices used to sell houses to African-Americans. Contract selling of massively marked-up housing drained the black community of as much as $500 million over 30 years.
You can learn more about the League at their blog here.
Articles featured:
Decades Later, Black Homebuyers Battle for Justice Back in the Spotlight
Market for Fixer-Uppers Traps Low-Income Buyers
For show notes, visit http://noteinc.com/21