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CNBC: High mortgage rates are hitting the LGBTQ community especially hard

By: Beldin in 6TH POPE | Recommend this post (0)
Wed, 22 Jun 22 1:04 AM | 16 view(s)
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Woketard Victimology 101. 

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http://twitchy.com/brettt-3136/2022/06/21/cnbc-high-mortgage-rates-are-hitting-the-lgbtq-community-especially-hard/

We had to scroll down quite a ways in CNBC’s story to find out why, exactly, members of the LGBTQ community are saying high mortgage rates are hitting them especially hard. They tell the story of one gay man looking to buy his first home, but there doesn’t seem to be anything out of the ordinary.

CNBC (@CNBC) ~ 'I can't win in this market': Why LGBTQ homebuyers say mortgage rates are hitting them especially hard
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http://www.cnbc.com/2022/06/19/why-lgbtq-homebuyers-say-rising-mortgage-rates-are-hitting-them-hard.html?utm_term=Autofeed&;utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1655643272

Apparently, this is the problem:

[i]This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.

According to the Williams Institute at the UCLA School of Law, 50% of LGBTQ adults and 64% of LGBTQ couples own their own homes. For non-LGBTQ groups, those numbers are 70% and 75%.

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That sounds like it would be a barrier to all first-time homebuyers regardless of sexuality. CNBC notes that “historical data on home ownership rates by sexuality were not tracked by the Census Bureau.”

Harry Balls Jr. (@JohnSmi70702885) ~ You could just say that the younger generations are having issues getting housing, but I forgot that only certain humans matter anymore.

Nibby (@neubauer_adam) ~ I’m having a hard time finding the LBGTQ mortgage rates online, need to verify this before I comment further ...

Nibby (@neubauer_adam) ~ You guys it turns out there aren’t special mortgage rates for LBTGQ community vs. non LBTGQ community ... weird. 🤡

Mark (@MarkyMcMarksman) ~ You know, I was never asked my sexuality when I applied for my mortgage. Oh wait, it says that LGBTQ people are saying this. Not that it's a fact with any data to support it. Just feelings.

satstream (@satstreamFC) ~ I'm hetero so I get a free house.

Yeah, I like to use the heterosexual discount whenever I can, don'tcha know. 

RealDCNative (@RealDCNative) ~ @CNBC, this type of virtue signaling journalism is why the majority of people distrust the media.

The mortgage rates are hitting EVERYONE hard and it's made it more challenging for ANYONE to buy a home, regardless of their ethnicity, gender or sexuality.

Uh, CNBC ... I do believe that RealDCNative is tellin' y'all to STFU. That is truly an excellent piece of advice. 

What inspired this article? Pride Month? What’s the point and what is anyone supposed to do about it?




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