Write For Us

NEVER BUY A HOME THIS WAY! Home Buying Scam Caught TARGETING Immigrants

Sponsored Post Vitamin D2 Canada Persia
77 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
Lease-to-own or contract for deed are making a comeback as an option to buy a home. These arrangements are loaded with stipulations and scams. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.propublica.org/article/how-contracts-for-deed-put-families-at-financial-risk

"For many Somali families in Minnesota, the barriers to homeownership have long seemed insurmountable: reluctant lenders, low incomes, short work histories, little credit.

Members of the East African Muslim community encounter an additional, unique challenge: Because of the principles of their faith, many avoid paying or profiting from interest. This means they typically won’t apply for traditional mortgages. As a result, the conventional path to buying a house — and the accompanying hope of building generational wealth — has been nearly impossible.

Roughly three years ago, a handful of lending firms began offering an “interest free” way to buy a home. Word spread fast in Minnesota’s Somali community, which numbers about 80,000 people. Families began moving out of their cramped apartments and government-subsidized housing and into homes in the suburbs with expansive lawns and enough bedrooms for their large, multigenerational families."

***

The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.

Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/join


SUBSCRIBE on YOUTUBE: ☞ http://www.youtube.com/subscription_center?add_user=theyoungturks
FACEBOOK: ☞ http://www.facebook.com/TheYoungTurks
TWITTER: ☞ http://www.twitter.com/TheYoungTurks
INSTAGRAM: ☞ http://www.instagram.com/TheYoungTurks
TWITCH: ☞ http://www.twitch.com/tyt

???? Merch: http://shoptyt.com

❤ Donate: http://www.tyt.com/go

???? Website: https://www.tyt.com

????App: http://www.tyt.com/app

???? Newsletters: https://www.tyt.com/newsletters/


If you want to watch more videos from TYT, consider subscribing to other channels in our network:

The Watchlist https://www.youtube.com/watchlisttyt

Indisputable with Dr. Rashad Richey https://www.youtube.com/indisputabletyt

Unbossed with Nina Turner https://www.youtube.com/unbossedtyt

The Damage Report ▶ https://www.youtube.com/thedamagereport

TYT Sports ▶ https://www.youtube.com/tytsports

The Conversation ▶ https://www.youtube.com/tytconversation

Rebel HQ ▶ https://www.youtube.com/rebelhq

TYT Investigates ▶ https://www.youtube.com/channel/UCwNJt9PYyN1uyw2XhNIQMMA


#TYT #TheYoungTurks #BreakingNews

221121__TA04_MN_Homeowner_Swindled
Category
Europe
Tags
221121__TA04_MN_Homeowner_Swindled, News, Politics
Sign in or sign up to post comments.
Be the first to comment