Mostly due by brokers giving out loans to families, mostly those of low income minorities. Eventually they could not afford to make payments because of extremely high interest rates that sky rocketed after a few months. They did this out of self-greed and saw a vulnerable population and targeted them. During the next couple of years following the 2008 blowout, thousands of people had no choice but to foreclose on their new homes. Leaving them with no choice but to move in to even pooper communities. In one of the studies Tim Wise talks about, blacks are six in ten times more likely to be treated poorly by lenders than whites. Even if they have high income, better interest rates, and less debt than whites (Wise,page 31). Since the burst of the housing bubble, it also affected whites in the same way and forcing them into a world they’re not use to. However, whites still have better chances of recovering compared to a