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All Forum Posts by: Jake Frey

Jake Frey has started 0 posts and replied 3 times.

Post: Airbnb's Anti-Racism Experiment in Oregon

Jake FreyPosted
  • Real Estate Investor
  • NJ
  • Posts 3
  • Votes 2
Originally posted by @Jay Hinrichs:
Originally posted by @Jake Frey:
Originally posted by @Jay Hinrichs:
Originally posted by @Scott K.:

It's been well documented that real estate has been one of the most racist and institutionalized discriminatory industries in America for decades, if not centuries. Just google 'redlining' if you're ignorant of this. The color of your skin would literally dictate which neighborhoods you were allowed to rent/buy in. If you don't know that term, then you really haven't done your research.

Airbnb is not virtue signaling. They only care about their bottom line as someone else pointed out. You know what hurts a companies bottom line? Class action lawsuits. It's only a matter of time before a lawyer picks this up and successfully sues airbnb on behalf of every minority who rented from them. It's a lot at stake. Of course they're going to work on this. 

They already try to prevent partying on halloween and other holidays, and you might go 'see? more virtue signaling!' no, it's not. They try to prevent parties because parties hurt their reputation, piss off townships/cities, and cause STR bans. Again, Airbnb is beholden to it's shareholders. All they care about is their bottom line. It just so happens to line up with 'woke ideals' such as, I dunno, not being discriminatory? and not wanting to piss off local residents.

Be honest with yourself, we all generalize. When you see someones photo, you instantly judge them. If I see a woman in her 20s has booked, and she's partying looking drunk in her profile picture (ive seen this multiple times because its taken directly from facebook for most people) I instantly get guarded about how she's going to leave the property. I assume she may leave late, she may leave garbage everywhere, she may, I dunno, party!

As a business owner I will do anything, and everything I can to reduce problems for my livelihood. If I think that it will help me to reduce partying (aka help my bottom line) by rejecting everyone who 'looks' like a partier, I probably will. If airbnb showed me their photo beforehand, you bet I would start to try to use it to gain an edge in my business and perform better.

It's a very easy parallel to see that some folks would do this with race. Hell, I had my very first group of French kids stay at my house a this summer and trash the place and piss off the neighbors, half-naked screaming underage drinking in the street at 2 am. You bet I am now wary of french sounding names!

The fact is this - if this isn't hurting you, or your business, to hide someone's name and simply represent with an initial, why do you care so much?  If you keep arguing about how this is silly, or virtue signaling, you're really just hiding your frustration that you think racism doesn't exist in real estate and it bothers you that maybe, it does, and you aren't aware of it. This ain't about you champ, so let it go.

I started selling RE in the mid 70s and preliminary title reports that I would read from any subdivisions pre about 1940 had all sorts of CCR's that are not legal today.. it was not only race but it was religion and chickens and livestock and use of the properties.. CCR's and deed restrictions kind of pre dated zoing laws.. But this all changed in about 1948 when those restrictions were struck down at the federal level.

But for sure redlining  block busting existed and to a certain extent still does the blockbusting for sure its not as prevalent as it was in the old days but people of race religion etc still to this day will live where they feel comfortable and accepted and they do it by choice not because of old stereo types.  I mean just check out any real estate within walking distance of a Jewish community center or temple 

Exhibit one (last paragraph) is why we need these experiments.

Edited: 

It is possible that Jay does not know the precise definition of the term "blockbusting".

Funny you should ask I was just doing my CE for my Brokers license and there was a whole module about discrimination 

and redlining and block busting.. According to my CE block busting is when ( most common) black family would move on a block the white residence would start selling as they were worried their values would go down.. and that led to white flight.   this according to state of Oregon and I witnessed it first hand 15 years ago when I started investing in Jackson MS  . 

Redlining was literally banks and others doing a color coded map out lining  of neighborhoods based on  demographics with Red being primarily black neighborhoods.. Again that according to the RE department in Oregon.. which by the way Oregon has a very very small minority population of any kind the state is over 90% Caucasian 8% Hispanic and 2% everyone else.  .  I grew up in Cupertino CA and worked SF and Oakland.

When my Dad started in RE in the 60s he was told by management when he went on an appointment if a black family answered the door he was to say sorry wrong address and leave.. My Dad when he started his real estate company had no rules we had a Lot of black clients from Oakland and San Francisco I suspect I personally sold over 250 black families land in Northern CA were we worked.. If anything we catered to the black families they were a delight to work with compared to stuffy old white people  LOL  

Well Jay, the dictionary (and common) definition of the term blockbusting is:

  1. the practice of persuading owners to sell property cheaply because of the fear of people of another race or class moving into the neighborhood, and thus profiting by reselling at a higher price. 

I'm sure you didn't mean to insinuate that the jewish community is "blockbusting" around their community centers or temples.

Unless you wanted to really drive home the OP's point.

Post: Airbnb's Anti-Racism Experiment in Oregon

Jake FreyPosted
  • Real Estate Investor
  • NJ
  • Posts 3
  • Votes 2
Originally posted by @Jay Hinrichs:
Originally posted by @Scott K.:

It's been well documented that real estate has been one of the most racist and institutionalized discriminatory industries in America for decades, if not centuries. Just google 'redlining' if you're ignorant of this. The color of your skin would literally dictate which neighborhoods you were allowed to rent/buy in. If you don't know that term, then you really haven't done your research.

Airbnb is not virtue signaling. They only care about their bottom line as someone else pointed out. You know what hurts a companies bottom line? Class action lawsuits. It's only a matter of time before a lawyer picks this up and successfully sues airbnb on behalf of every minority who rented from them. It's a lot at stake. Of course they're going to work on this. 

They already try to prevent partying on halloween and other holidays, and you might go 'see? more virtue signaling!' no, it's not. They try to prevent parties because parties hurt their reputation, piss off townships/cities, and cause STR bans. Again, Airbnb is beholden to it's shareholders. All they care about is their bottom line. It just so happens to line up with 'woke ideals' such as, I dunno, not being discriminatory? and not wanting to piss off local residents.

Be honest with yourself, we all generalize. When you see someones photo, you instantly judge them. If I see a woman in her 20s has booked, and she's partying looking drunk in her profile picture (ive seen this multiple times because its taken directly from facebook for most people) I instantly get guarded about how she's going to leave the property. I assume she may leave late, she may leave garbage everywhere, she may, I dunno, party!

As a business owner I will do anything, and everything I can to reduce problems for my livelihood. If I think that it will help me to reduce partying (aka help my bottom line) by rejecting everyone who 'looks' like a partier, I probably will. If airbnb showed me their photo beforehand, you bet I would start to try to use it to gain an edge in my business and perform better.

It's a very easy parallel to see that some folks would do this with race. Hell, I had my very first group of French kids stay at my house a this summer and trash the place and piss off the neighbors, half-naked screaming underage drinking in the street at 2 am. You bet I am now wary of french sounding names!

The fact is this - if this isn't hurting you, or your business, to hide someone's name and simply represent with an initial, why do you care so much?  If you keep arguing about how this is silly, or virtue signaling, you're really just hiding your frustration that you think racism doesn't exist in real estate and it bothers you that maybe, it does, and you aren't aware of it. This ain't about you champ, so let it go.

I started selling RE in the mid 70s and preliminary title reports that I would read from any subdivisions pre about 1940 had all sorts of CCR's that are not legal today.. it was not only race but it was religion and chickens and livestock and use of the properties.. CCR's and deed restrictions kind of pre dated zoing laws.. But this all changed in about 1948 when those restrictions were struck down at the federal level.

But for sure redlining  block busting existed and to a certain extent still does the blockbusting for sure its not as prevalent as it was in the old days but people of race religion etc still to this day will live where they feel comfortable and accepted and they do it by choice not because of old stereo types.  I mean just check out any real estate within walking distance of a Jewish community center or temple 

Exhibit one (last paragraph) is why we need these experiments.

Edited: 

It is possible that Jay does not know the precise definition of the term "blockbusting".

Post: I own 4 properties, no debt, no credit, no loan...no BRRR ! HELP

Jake FreyPosted
  • Real Estate Investor
  • NJ
  • Posts 3
  • Votes 2

You do need to get a credit card so you can get a credit score. Shouldn't take too long. if no one will give a card then you need to get a "secured card". your score will be good enough in no time. your lack of income though, is whole different animal...

good luck