lifeinamerica   63

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How Homeownership Became the Engine of American Inequality - The New York Times
Ours was not always a nation of homeowners; the New Deal fashioned it so, particularly through the G.I. Bill of Rights. The G.I. Bill was enormous, consuming 15 percent of the federal budget in 1948, and remains unmatched by any other single social policy in the scope and depth of its provisions, which included things like college tuition benefits and small-business loans. The G.I. Bill brought a rollout of veterans’ mortgages, padded with modest interest rates and down payments waived for loans up to 30 years. Returning soldiers lined up and bought new homes by the millions. In the years immediately following World War II, veterans’ mortgages accounted for over 40 percent of all home loans.

But both in its design and its application, the G.I. Bill excluded a large number of citizens. To get the New Deal through Congress, Franklin Roosevelt needed to appease the Southern arm of the Democratic Party. So he acquiesced when Congress blocked many nonwhites, particularly African-Americans, from accessing his newly created ladders of opportunity. Farm work, housekeeping and other jobs disproportionately staffed by African-Americans were omitted from programs like Social Security and unemployment insurance. Local Veterans Affairs centers and other entities loyal to Jim Crow did their parts as well, systematically denying nonwhite veterans access to the G.I. Bill. If those veterans got past the V.A., they still had to contend with the banks, which denied loan applications in nonwhite neighborhoods because the Federal Housing Administration refused to insure mortgages there. From 1934 to 1968, the official F.H.A. policy of redlining made homeownership virtually impossible in black communities.
cite:nytimes  racism  lifeinAmerica  housing 
may 2017 by aamoore
Whose Brooklyn Is It, Anyway? -
Its ethic is both countercultural and entrepreneurial, offering an aesthetic of radicalism without the difficult commitment of radical politics. The tension built into the “Brooklyn” brand is that it’s both a local, artisanal, communal protest against the homogenizing forces of corporate culture and a new way of being bourgeois, and as such participating in the destruction of non-middle-class social space.
cite:nytimes  hipster  brooklyn-gentrification  lifeinamerica  radicalcitizenship  occupywallstreet 
march 2014 by aamoore
The All-or-Nothing Marriage -
Our central claim is that Americans today have elevated their expectations of marriage and can in fact achieve an unprecedentedly high level of marital quality — but only if they are able to invest a great deal of time and energy in their partnership. If they are not able to do so, their marriage will likely fall short of these new expectations. Indeed, it will fall further short of people’s expectations than at any time in the past. Marriage, then, has increasingly become an “all or nothing” proposition.
marriage  lifeinamerica  relationships  cite:nytimes 
march 2014 by aamoore

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