[SOUND]. Marcia Fudge's lived experience tells her
that there is racism in home appraisals, but there's still no data on that.
There's no evidence whatsoever, it is, at this point, completely made up.
>> Okay, so we're gonna gloss over him like sneeringly talking about
people's lived experiences, if that's not a thing, that is Tucker Carlson
saying that the idea that there is racism in home appraisals is made up.
There is no data, and if there were, Tucker would know, because Tucker,
of course, who has since been fired, that's fun,
I just wanna keep saying that has a full production team.
He has multiple producers.
They wouldn't type that sentence into his teleprompter,
unless they had looked and there was nothing.
And so, obviously, they didn't find, for instance, this Brookings research
that found that there is pervasive racism in home appraisals.
They found that homes in black neighborhoods are valued roughly 21% to
23% below what their valuations would be in non-Black neighborhoods.
Neighborhoods with a majority of Latino or Hispanic, Asian American or
white residents do not experience home price devaluation, using the same model.
Adjusting for characteristics of homes and neighborhoods, they found that appraisal
transactions in majority-Black neighborhoods are 1.9 times more likely to
be appraised under the contract price than homes in majority-White neighborhoods.
Specifically, an additional 6% of homes in black neighborhoods are under appraised
relative to non-Black neighborhoods.
So that is data, just to be clear, that study didn't come out 15 minutes ago,
it's been out there, everybody knows about this, particularly people in the news.
So why would Tucker Carlson be so
willingly lying about the presence of structural financial racism?
What do you think, Francesca?
>> Because he just bought his neighbor's house for
$5.5 million, I don't know.
Because he's a white nationalist.
>> That may be it.
By the way, [CROSSTALK] >> Marshall Fudge is black.
>> She is, that's probably weighing in here, apparently.
I vaguely remember a couple of years ago,
John Oliver did a show on housing discrimination.
I believe this was a part of that, the appraisal.
By the way, there's been major lawsuits,
I wanna give you an example of how strong this effect can be,
cuz you hear things like 21%, you don't necessarily think that is financially
crushing [CROSSTALK] to a person, >> Yes.
>> To lose $100,000, $50,000,
that is the difference between the future working and not.
So here is an instance, Paul Aston and Tanisha Tate Austin sued and settled
a lawsuit against their real estate appraiser, her company, and the company
that hired her for allegedly undervaluing their home based on their race.
So they hired Janette Miller, the lender did, to inspect the home and
come up with a new valuation that would determine whether or
not the Austins would qualify for a loan.
Miller's appraisal concluded that the market value of the home at that time was
$995,000.
So this time, the couple decided to, in their words, whitewash the house.
They removed family photos and artwork, books, hair products,
anything else that might indicate that a Black family lived there.
They also asked a white friend to be president the house and
greet the appraiser as if she were the homeowner and
display some of her family photos in the house.
The new appraiser concluded the house is worth $1.48 million,
nearly half a million dollars more than Miller's estimated value.
>> No.
>> But it's just made up everyone, Tucker, he's a serious newsman.
He doesn't routinely lie to his audience, and by the way,
you might think that him pretending that this racism doesn't exist
is the worst that this could be, that that's why we're focusing on this.
No, it actually gets worse than that.
Take a look at what he did to distract from the racism that actually exists.
>> We're just going to brainwash the home appraisers [LAUGH].
We're gonna put them in bias training.
Really? If you wanted more Black home appraisers,
why wouldn't you start a program to train them?
No.
The only job training program this administration has gotten behind in two
and a half years is getting Black people to sell more weed in the cities.
Literally, we're legalizing weed, and
we're gonna make sure the weed dispensaries have African-American owners.
They're not training any Black people to be home appraisers, and by the way,
the premise of this is itself unproven, that home appraisers are racist.
Why do we think that?
Again, there's zero evidence of that, it's a slur upon home appraisers, by the way.
Why do they deserve this abuse?
Well, they don't, they're not hurting anyone, they're accountant types.
Why is the administration calling them racist?
>> Again, we've already demonstrated that it is pervasive.
Some of the individual instances are absolutely devastating, but
it is pervasive across the country.
And so he is there, like,
a shining example of White mediocrity to deny that the racism exists and
then to distract from it with a racist attack against Black people.
All they care to do is to sell weed, he's referencing there that some people
think that considering there have been literally decades of Black
people being locked up for selling whatever, selling drugs, like,
having much worse penalties and much more likely to go to jail,
that maybe when it's legalized, there should be a bit of equity in that.
So he turns around that to say, they wouldn't want to learn anything else
because all they know and care about is selling drugs.
It's really a shame, Francesca, that he got fired.
>> Yeah.
Poor baby.
I mean, good win it's gonna be somebody else, but
no one who can do it with the kind of sickly, disgusting,
just like, dripping disdain and hatred of the other and
of the idea that we have racial inequity in this country, which is so obvious.
And, you know, it's obvious because he's tripping over himself to tell you that
it doesn't exist, which is kind of a clue that it absolutely does exist.
And it's kind of the way that what I hate about neo-liberal, right?
The term neo-liberal only really gets used when it's Democrats.
But remember that Republicans are crazy neo-liberals as well,
except they have also an added, like, open racism, but
the idea that Republicans relish the way neo-liberals relish the way all sort of
elites relish in the idea that black people's homes are undervalued, which then
ripens a neighborhood for gentrification and pushing people out of their homes.
Then flipping the homes, selling it for way more than it actually or
what it actually is worth to a White family,
thereby increasing again the displacement of people of color.
He's on board with that, but he's using just, boohoo,
there's racism, no, there's not.
He's using that instead of like, well, we just wanted to spruce up the neighborhood.
It's the two sides of the same coin.
But, yeah, it's pretty disgusting, that example, what more do you need?
What more do you need, you could take that example of replacing photos of a black
family with a white family.
You could also go to a Walgreens and wonder why black hair products are locked
up behind lock and key and white hair products or other hair products aren't.
>> Yeah.
I want everyone, as we transition to our break,
to think about if a study came out that showed that white houses were
devalued 22% wiuld Tucker Carlson ever talk about anything else?
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