Does the Redfin Discrimination Lawsuit Change the Game?

[Mike Wadsley]

"A federal lawsuit filed this week by housing groups on Long Island, in New York City and across the nation alleges real estate brokerage Redfin engages in racial discrimination, saying it systematically shortchanges minority communities by offering lower levels of service than it does in white areas.

A two-year investigation by the 10 groups, including Bohemia-based Long Island Housing Services, the Fair Housing Justice Center in Queens and the National Fair Housing Alliance, a Washington, D.C.-based nonprofit group, showed that Redfin disproportionately offers its highest level of service – including discounted commissions – in predominantly white areas across the country, the groups said in their lawsuit against the Seattle-based brokerage, filed Wednesday in federal court in Washington state."

-Taken from https://www.newsday.com/busine...

We should always be fair in our real estate deals. I'm curious if you all think this will affect how we, as investors, operate.

[Pratap Koppula]

In general, everyone tries to focus on the market that’s best works for them in pursuit of business growth, or profit motive. At times, this may result in an inadvertent discrimination, may be intentional or may not be. Similar complaints against the Whole foods and lot of other retailers on discrimination for service areas (Search for Food Desert Documentary on youtube) exists.

This is not COVID, investors move on with or without Redfin.