Research shows that homes in majority black neighborhoods do not appreciate as much as homes in overwhelmingly white neighborhoods. This appreciation gap begins whenever a neighborhood is more than 10% black, and it increases right along with the percentage of black homeowners. Yet most blacks decide to live in majority minority neighborhoods, while most whites live in overwhelmingly white neighborhoods. If you think this is class and not race, you are wrong. A 2001 Brookings Institution study showed that “wealthy minority neighborhoods had less home value per dollar of income than wealthy white neighborhoods.” The same study concluded that “poor white neighborhoods had more home value per income than poor minority neighborhoods.” #WhiteSupremacyStrikesAgain, #WhiteSupremacyManifestsEconomically, #WhiteSupremacyIsTheIssue, #WhiteSupremacyMustDieAPainfulDeath.
Posted on: Thu, 03 Apr 2014 05:32:30 +0000
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