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Black Couple ‘Whitewashed’ House, Increased Appraised Value By $300,000 - YouTube
Channel: The Young Turks
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we always hear stories about racial bias
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in the housing market redlining all
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these things uh but people don't always
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believe it well there's one particular
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black uh family and their suburban home
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they are selling at least they're trying
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to refinance it and uh they're showing
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some significant racial bias when it
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comes to the housing market especially
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when it comes to appraisals so let's
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jump right into it because the
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difference in what they uh got at first
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versus what they then saw later when
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they changed a couple of uh minor
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details
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was about three hundred thousand dollars
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let's get some details of how that
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happened last summer nathan conley and
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his wife shawnee mott welcomed an
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appraiser into their house in baltimore
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hoping to take advantage of historically
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low interest rates and refinance their
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mortgage they believe that their house
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improved with a new 5 000 tankless water
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heater and 35 000 in other renovations
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was worth much more than the 450 000
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that they paid for it in 2017. 450 000
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in 2017 excuse me
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home prices have been on the rise
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nationwide since the pandemic so they
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were thinking hey especially in
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baltimore by the way they've gone up
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more than 40 percent in the past five
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years so of course dr conley and dr mott
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they live in this majority white north
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baltimore neighborhood of homeland is
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where their home is and and it's known
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for its strong public schools this is
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perfect for making sure that you have
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more when it comes to your home so they
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tried it the couple applied to refinance
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their mortgage with loan depot in may of
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21. linda approved a loan at a rate of
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2.25
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and told the couple that their home was
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likely now worth 550 000 or more
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to conduct the appraisal loan depot
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hired 2020 evaluations which is a
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maryland appraisal company as a
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subcontractor
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and 20 uh the 2020 evaluations put the
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homes value at 472 thousand dollars and
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in turn lodi loan depot denied the
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couple their refinancing of their loan
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so as i said 472 000 which is only 22
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000 more than the original paid back in
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2017 in a market where everything is
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exploding as we know dr conley said that
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he knew why he his wife and three
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children aged 15 12 and 9 are black
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he's a professor of history at johns
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hopkins university dr conley is an
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expert on redlining and the legacy of
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white supremacy in american cities and
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much of his research focuses on the role
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of race in the housing market they chose
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the wrong
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guy
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and did they run into the wrong dude i
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mean just they do enough times
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eventually you're gonna get the wrong
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one so a little bit more on this maybe
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the inspector didn't even notice their
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race who knows let's look at what was in
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the house dr khali and mott
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and their three children were home
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during the appraiser's visit and their
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house was so filled with family photos
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children's drawings of figures with dark
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skin a poster of the film black panther
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and literature by black authors because
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dr mott lectures on literature and
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africana studies
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so when they tried to challenge the
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appraisal's number there um they uh
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stopped returning their calls like no we
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don't want to hear from you yes you got
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what you were supposed to get that's
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just what it is
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several months later they applied for a
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new loan with a different mortgage
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company and they tried something
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different this time they underwent a
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whitewashing experiment is what they
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called it removing indications of
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blackness from their home and replacing
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them with signifiers that a white family
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might live there instead they cleared
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their bookshelves of works by black
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authors they asked their white friends
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to share family photos and place those
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in picture frames around the house on
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their walls and they even hung art that
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was bought at ikea that showed white
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folks
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here's what they said we had to do we
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had to have a conversation with our kids
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about why we're pulling down all their
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drawings it's very humiliating to strip
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your house uh of your own home on the
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day of the second appraisal they left
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their home and had the white colleague
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answer the door
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the second appraiser provided the 750
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000 estimate now before was 472 from the
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original 450 and now it's 750 with
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different artwork
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books
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and a person answering the door
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okay uh
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good news for for white folks because
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you're gonna need to be rented out uh
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soon a new line of work for you guys
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because if i'm selling my house i'm not
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gonna have me you know a brown turkish
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middle eastern guy and my asian wife
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i'ma rent some white folks and all of a
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sudden we're gonna get much bigger
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prices so congrats white folks no
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seriously guys i mean look the
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difference isn't subtle it's not like
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hey 472 oh they went to 482. well hey
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look that's ten thousand dollar
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difference man oh my god 500 550. oh
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that's it that's over 60 70 000
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difference that would be amazing no 750
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750
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same exact house
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there's no way to dispute that and look
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you can say it's just one case but
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there's meta studies on this so it's not
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like
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i mean the reason we kept laughing about
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it they ran into the wrong dude is
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because he's seen those studies he
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teaches those studies it happens on a
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macro level it happens all across the
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country and it's documented it's proven
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this just happens to be a spectacular
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case of it where you can actually at
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least
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identify with it i mean if you have a
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any bone in your body that allows you to
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empathize with other human beings in
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other words if you're not a right winger
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okay
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then you could say oh yeah ben i see
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that man i know my house oh yeah what if
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i did that and then we brought in the
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the blonde folks and then all of a
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sudden it was worth you know 300 000
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more you could relate to it and that's
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what happens and it just happened to
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them and there's been more accusations
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against this company so it's not just
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isolated it's just the perfect proof
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example that they have
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and it's just so not surprising but so
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so so sad and so so just disheartening
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to see that redlining apparently is
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still alive and well and not even in
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full neighborhoods now even in a white
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neighborhood if there's a black owned
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house they're drawing a red line around
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just individual houses now
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this is where we're at yeah no that's a
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good point because in the old school
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redlining was black folks weren't
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allowed to own homes get mortgages etc
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in certain neighborhoods and they were
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shepherded into other neighbor into
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specific places and then the property
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values were driven down right now you're
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in the best neighborhoods that you're on
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a red line right around your house like
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ben said and go we're red lighting
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anyway it reminds me of that classic old
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chris rock bit i don't know if it's
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classic but it's a good bit he was
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telling the story about the neighborhood
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that he lives in i think it was like in
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marylanders i don't remember exactly
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where maybe pennsylvania but he said and
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here's what shows the difference in this
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country between
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wealth and just people that make it
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to a certain level of success in the
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black community versus the white
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community he said his neighborhood
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he has like mary j blige lives on that
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street will smith pre slap chris rock it
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was like three or four of the most
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successful black people in the world
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like in in pop culture history had to
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get to that level of success to live on
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that block and their white neighbor just
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a dentist yep i remember that you
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remember that story just a dentist and
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by the way if you
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this comes to like the the the
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opportunity when it comes to america
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right the land of opportunity where you
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have upward mobility if you work hard
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put your head down and do the right
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things become professionals like these
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two doctors are and then really you'll
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take off own property have a piece of
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our country right they were doing that
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and if you believe in all that stuff if
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you like the rest of the world to be
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like we're the shining example on the
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hill there's a land of opportunity that
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we bring the brightest and the best you
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should be the most upset about this
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they're tarnishing this dream that you
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say exists in our country this is where
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the lie comes in do you want it to be
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real or do you just want to say it is
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and then when it's not you should be the
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one defending these folks you should be
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the one that's talking about how they
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got screwed over and i can't believe in
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my country in my america where
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opportunities for everyone and we're
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past that whole racism thing there's no
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such thing as this racial bias in
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housing and redlining
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you would like for it to actually be
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true wouldn't you
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that's the appeals to be that most
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outraged about this it's just insane
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that we can't america has amazing pr the
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fact that we still are considered the
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greatest country in the world by many
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the fact that we still
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despite this incredibly tarnished
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history and reputation constantly it's
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just so
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frightening that we can't fix these
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things with more urgency i mean why are
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we a shining city on a hill because
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that's the one
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hill that's not redlined with black
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people around it i mean what does it
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take to finally create equality we need
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to start punishing people punishing
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companies punishing organizations that
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prove any sort of racial bias it's like
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a one strike warning and then you're out
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like all right that's your one and you
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do it again you're out you're gonna lose
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your accreditation with the better
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business bureau you're going to lose the
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chamber of commerce going to kick you
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out we cannot keep saying oh well we got
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to fix this slowly no we got to fix it
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decades ago yeah by the way uh todd
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carlson uh just did a segment on race
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hate saying that anything that's looking
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to address discrimination
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is race hate right so he would take what
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ben said and go oh look at this they're
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looking to punish uh companies uh just
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based on discrimination
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yeah yeah yeah well i mean so do you
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want our houses to be worth three
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hundred thousand dollars less because of
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are we just supposed to take that yes
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and i was supposed to say oh thank you
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sir may i have another and jared is
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right yeah tucker thinks absolutely
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our our house is supposed to be unfairly
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worth nearly twice as much as your house
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and if you're trying to fix it that's
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race hate to me
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and so that's where we are today the
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kings of false equivalency
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