Is Suspending Mortgage Payments Racist?

I have come to realize in a short amount of time that as long as New York Representative Alexandria Ocasio-Cortez is in the public eye, I will forever be writing about her absolute lack of knowledge about just about anything she claims to.

It seems that not a day goes by that she is not spouting off at the mouth about some law, policy, or simply something someone said about which she is utterly misinformed about, even when it comes to matters of her own party.

One of the most recent examples of this is her response to New York Governor Andrew Cuomo’s new policies to deal with the coronavirus. Cuomo has long since been a prominent member of her political party and has often held quite similar views to her. However, that apparently means nothing to her, as she is now insinuating that Cuomo is favoring the wealthy and is racist to boot.

Like many government officials throughout the US, Cuomo has worked tirelessly to give his state the supplies and relief it needs during this time of crisis. And now where has benefited more from his efforts than AOC’s district of New York City.

There, he has pushed for additional medical supplies and staff to be brought in, as well as implemented a myriad of orders that will give citizens and businesses alike the ability to make do in an economy that has all but ground to a screeching halt and left many with a job or means to pay their bills.

One such order is that all qualifying homeowners in the state will be allowed to defer their mortgage payments for up to three months.

But AOC says this is a racist move that favors the wealthy because, according to her, most minorities tend to rent instead of own their homes.

The NY Post reports, “Rep. Alexandria Ocasio-Cortez took aim at Gov. Andrew Cuomo’s decision to suspend mortgage payments but not rental payments during the coronavirus outbreak, accusing him of giving “preferential treatment to wealthier New Yorkers. ‘If you called for a suspension or moratorium on mortgage payments, then we should also call for that same treatment on rent payments,’ AOC said during an appearance on WNYC’s ‘The Brian Lehrer Show’ Tuesday.”

However, by claiming this as unfairness to those who either not as well off, and typically in a minority group, AOC proves that she really has no idea what she is talking about.

First of all, renters in New York have already been given the same kind of leeway. Orders have already been made, by the governor, that offer renters in New York a suspension on being evicted for three months if they can’t pay their rent. This will give them time to receive their stimulus checks, as well as unemployment benefits.

So essentially, they have been given the same fair treatment. Both are being offered three months to get their affairs in order to make housing payments. Neither rent or mortgage payments are being forgiven, as this would cause another problem for landlords and mortgage companies, which is another thing AOC must not understand.

Furthermore, AOC might be a tad racist herself if she thinks that whites are the race that owns the most homes in New York City. According to figures from 2018 in the city, Asians actually lead that group, with 41% of all households owned in NYC. Whites come in second with 37%, and Hispanics, not Blacks, come in last place at 19%.

And the numbers only get more complicated from there. Homeownership rates in the city vary greatly depending on the area or borough in which one lives. Take Manhattan, for example, where some of the highest-priced homes are located. Here only 24% of all households are owned. In the Bronx, only 20% are owned. However, in Queens, it is 45%, and on Staten Island, nearly 70% percent of all homes are owned.

This means that race, for the most part, has little to do with the issue. The simple fact is that no matter what race you are if you make the least amount of money in an area with higher-priced homes, you are most likely going to rent. It’s simple economics.

But I wouldn’t expect someone like AOC to get much about that subject either, especially when it’s far easier for her just to play the race card.