"There is no truth to the myth..." - Quote by Martin Luther King Jr
There is no truth to the myth that Negroes depreciate property. The fact is that most Negroes are kept out of residential neighborhoods so long that when one of us is finally sold a home, it's already depreciated.
More by Martin Luther King Jr
“The labor movement was the principal force that transformed misery and despair into hope and progress. Out of its bold struggles, economic and social reform gave birth to unemployment insurance, old age pensions, government relief for the destitute, and, above all, new wage levels that meant not mere survival but a tolerable life.”
“We are challenged to develop a world perspective. No individual can live alone, no nation can live alone, and anyone who feels that he can live alone is sleeping through a revolution. The world in which we live is geographically one.”
“We were all involved in the death of John Kennedy. We tolerated hate; we tolerated the sick stimulation of violence in all walks of life; and we tolerated the differential application of law, which said that a man's life was sacred only if we agreed with his views.”
More on Racism
“I will always remember my delight when Mrs. Georgia Gilmore - an unlettered woman of unusual intelligence - told how an operator demanded that she get off the bus after paying her fare and board it again by the back door, and then drove away before she could get there. She turned to Judge Carter and said: "When they count the money, they do not know Negro money from white money.”
“You have a race problem that must be solved, or else you will alienate every non-white person on this earth within the next few years, or within the next few months.”
“Humanity is at its greatest perfection in the race of the whites.”
More on Housing
“No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.”
“Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.”
“In the wake of the housing debacle in California, more people are buying less expensive homes, making bigger down payments, and staying away from 'creative' and risky financing. It is amazing how fast people learn when they are not insulated from the consequences of their decisions.”