White privilege: Asset devaluation in black neighborhoods

[IM2]

The devaluation of assets in black neighborhoods
The case of residential property
Tuesday, November 27, 2018

Authors

Andre M. Perry
David M. Rubenstein Fellow - Metropolitan Policy Program

Jonathan Rothwell
Former Brookings Expert, Senior Economist - Gallup

David Harshbarger
Research Assistant - Metropolitan Policy Program at Brookings

Homeownership lies at the heart of the American Dream, representing success, opportunity, and wealth. However, for many of its citizens, America deferred that dream. For much of the 20th century, the devaluing of black lives led to segregation and racist federal housing policy through redlining that shut out chances for black people to purchase homes and build wealth, making it more difficult to start and invest in businesses and afford college tuition. Still, homeownership remains a beacon of hope for all people to gain access to the middle class. Though homeownership rates vary considerably between whites and people of color, it’s typically the largest asset among all people who hold it.

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

Through the prism of the real estate market and homeownership in black neighborhoods, this report attempts to address the question: What is the cost of racial bias? This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

The devaluation of assets in black neighborhoods

 

[Oddball]

Tremendous buying opportunities for blacks.

 

[IM2]

Tremendous buying opportunities for blacks.

Tremendous ability to deny a problem by this white person.

 

[Toddsterpatriot]

The devaluation of assets in black neighborhoods
The case of residential property
Tuesday, November 27, 2018

Authors

Andre M. Perry
David M. Rubenstein Fellow - Metropolitan Policy Program

Jonathan Rothwell
Former Brookings Expert, Senior Economist - Gallup

David Harshbarger
Research Assistant - Metropolitan Policy Program at Brookings

Homeownership lies at the heart of the American Dream, representing success, opportunity, and wealth. However, for many of its citizens, America deferred that dream. For much of the 20th century, the devaluing of black lives led to segregation and racist federal housing policy through redlining that shut out chances for black people to purchase homes and build wealth, making it more difficult to start and invest in businesses and afford college tuition. Still, homeownership remains a beacon of hope for all people to gain access to the middle class. Though homeownership rates vary considerably between whites and people of color, it’s typically the largest asset among all people who hold it.

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

Through the prism of the real estate market and homeownership in black neighborhoods, this report attempts to address the question: What is the cost of racial bias? This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

The devaluation of assets in black neighborhoods

This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias,

And how much stems from higher crime rates...…...

 

[Meathead]

The devaluation of assets in black neighborhoods
The case of residential property
Tuesday, November 27, 2018

Authors

Andre M. Perry
David M. Rubenstein Fellow - Metropolitan Policy Program

Jonathan Rothwell
Former Brookings Expert, Senior Economist - Gallup

David Harshbarger
Research Assistant - Metropolitan Policy Program at Brookings

Homeownership lies at the heart of the American Dream, representing success, opportunity, and wealth. However, for many of its citizens, America deferred that dream. For much of the 20th century, the devaluing of black lives led to segregation and racist federal housing policy through redlining that shut out chances for black people to purchase homes and build wealth, making it more difficult to start and invest in businesses and afford college tuition. Still, homeownership remains a beacon of hope for all people to gain access to the middle class. Though homeownership rates vary considerably between whites and people of color, it’s typically the largest asset among all people who hold it.

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

Through the prism of the real estate market and homeownership in black neighborhoods, this report attempts to address the question: What is the cost of racial bias? This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

The devaluation of assets in black neighborhoods

White Privilege therefore Black Failure. The former would not need to exist without the latter.

 

[Oddball]

Tremendous buying opportunities for blacks.

Tremendous ability to deny a problem by this white person.

It's only a problem if you frame it as such.

Even though I gave you a positive way to look at it, you'd rather stay suck in your hand-wringing victimhood.

Grow the fuck up.

 

[IM2]

The devaluation of assets in black neighborhoods
The case of residential property
Tuesday, November 27, 2018

Authors

Andre M. Perry
David M. Rubenstein Fellow - Metropolitan Policy Program

Jonathan Rothwell
Former Brookings Expert, Senior Economist - Gallup

David Harshbarger
Research Assistant - Metropolitan Policy Program at Brookings

Homeownership lies at the heart of the American Dream, representing success, opportunity, and wealth. However, for many of its citizens, America deferred that dream. For much of the 20th century, the devaluing of black lives led to segregation and racist federal housing policy through redlining that shut out chances for black people to purchase homes and build wealth, making it more difficult to start and invest in businesses and afford college tuition. Still, homeownership remains a beacon of hope for all people to gain access to the middle class. Though homeownership rates vary considerably between whites and people of color, it’s typically the largest asset among all people who hold it.

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

Through the prism of the real estate market and homeownership in black neighborhoods, this report attempts to address the question: What is the cost of racial bias? This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

The devaluation of assets in black neighborhoods

This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias,

And how much stems from higher crime rates...…...

Higher crime in white communities kills this meme.

 

[IM2]

The devaluation of assets in black neighborhoods
The case of residential property
Tuesday, November 27, 2018

Authors

Andre M. Perry
David M. Rubenstein Fellow - Metropolitan Policy Program

Jonathan Rothwell
Former Brookings Expert, Senior Economist - Gallup

David Harshbarger
Research Assistant - Metropolitan Policy Program at Brookings

Homeownership lies at the heart of the American Dream, representing success, opportunity, and wealth. However, for many of its citizens, America deferred that dream. For much of the 20th century, the devaluing of black lives led to segregation and racist federal housing policy through redlining that shut out chances for black people to purchase homes and build wealth, making it more difficult to start and invest in businesses and afford college tuition. Still, homeownership remains a beacon of hope for all people to gain access to the middle class. Though homeownership rates vary considerably between whites and people of color, it’s typically the largest asset among all people who hold it.

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

Through the prism of the real estate market and homeownership in black neighborhoods, this report attempts to address the question: What is the cost of racial bias? This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

The devaluation of assets in black neighborhoods

White Privilege therefore Black Failure. The former would not need to exist without the latter.

White racism is white failure. You are an example of it.

 

[Sunni Man]

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

You can try blaming it on racism.

But the reality is that high crime rates, rampant drug use, riots and looting, has much to do with property devaluation in ares where black people live. ....

 

[Toddsterpatriot]

The devaluation of assets in black neighborhoods
The case of residential property
Tuesday, November 27, 2018

Authors

Andre M. Perry
David M. Rubenstein Fellow - Metropolitan Policy Program

Jonathan Rothwell
Former Brookings Expert, Senior Economist - Gallup

David Harshbarger
Research Assistant - Metropolitan Policy Program at Brookings

Homeownership lies at the heart of the American Dream, representing success, opportunity, and wealth. However, for many of its citizens, America deferred that dream. For much of the 20th century, the devaluing of black lives led to segregation and racist federal housing policy through redlining that shut out chances for black people to purchase homes and build wealth, making it more difficult to start and invest in businesses and afford college tuition. Still, homeownership remains a beacon of hope for all people to gain access to the middle class. Though homeownership rates vary considerably between whites and people of color, it’s typically the largest asset among all people who hold it.

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

Through the prism of the real estate market and homeownership in black neighborhoods, this report attempts to address the question: What is the cost of racial bias? This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

The devaluation of assets in black neighborhoods

This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias,

And how much stems from higher crime rates...…...

Higher crime in white communities kills this meme.

Which white communities have higher crime rates?

 

[IM2]

Tremendous buying opportunities for blacks.

Tremendous ability to deny a problem by this white person.

It's only a problem if you frame it as such.

Even though I gave you a positive way to look at it, you'd rather stay suck in your hand-wringing victimhood.

Grow the fuck up.

I'm plenty grown. There is nothing positive about this. And take your victimhood and shove it up your white ass.

 

[IM2]

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

You can try blaming it on racism.

But the reality is that high crime rates, rampant drug use, riots and looting, has much to do with property devaluation in ares where black people live. ....

Perceptions that are not true based on racism is costing America money.. That's the reality here dumb ass.

 

[Oddball]

I'm plenty grown. There is nothing positive about this. And take your victimhood and shove it up your white ass.

Plenty positive...Properties are undervalued, which is a tremendous buying opportunity...And they can be had via contract-for-deed, which circumvents bank qualifying for people with lower credit scores.

Grow the fuck up and quit your pussy sniveling.

 

[MarcATL]

The devaluation of assets in black neighborhoods
The case of residential property
Tuesday, November 27, 2018

Authors

Andre M. Perry
David M. Rubenstein Fellow - Metropolitan Policy Program

Jonathan Rothwell
Former Brookings Expert, Senior Economist - Gallup

David Harshbarger
Research Assistant - Metropolitan Policy Program at Brookings

Homeownership lies at the heart of the American Dream, representing success, opportunity, and wealth. However, for many of its citizens, America deferred that dream. For much of the 20th century, the devaluing of black lives led to segregation and racist federal housing policy through redlining that shut out chances for black people to purchase homes and build wealth, making it more difficult to start and invest in businesses and afford college tuition. Still, homeownership remains a beacon of hope for all people to gain access to the middle class. Though homeownership rates vary considerably between whites and people of color, it’s typically the largest asset among all people who hold it.

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

Through the prism of the real estate market and homeownership in black neighborhoods, this report attempts to address the question: What is the cost of racial bias? This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

The devaluation of assets in black neighborhoods

Sad state of affairs. America should be ashamed of itself.

 

[Oddball]

Sad state of affairs. America should be ashamed of itself.

Another dumbbell too mired in his victimhood to notice a great opportunity when he sees it.

 

[JGalt]

The devaluation of assets in black neighborhoods
The case of residential property
Tuesday, November 27, 2018

Authors

Andre M. Perry
David M. Rubenstein Fellow - Metropolitan Policy Program

Jonathan Rothwell
Former Brookings Expert, Senior Economist - Gallup

David Harshbarger
Research Assistant - Metropolitan Policy Program at Brookings

Homeownership lies at the heart of the American Dream, representing success, opportunity, and wealth. However, for many of its citizens, America deferred that dream. For much of the 20th century, the devaluing of black lives led to segregation and racist federal housing policy through redlining that shut out chances for black people to purchase homes and build wealth, making it more difficult to start and invest in businesses and afford college tuition. Still, homeownership remains a beacon of hope for all people to gain access to the middle class. Though homeownership rates vary considerably between whites and people of color, it’s typically the largest asset among all people who hold it.

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

Through the prism of the real estate market and homeownership in black neighborhoods, this report attempts to address the question: What is the cost of racial bias? This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

The devaluation of assets in black neighborhoods

Is this yet another "whitey done dat" thread?

White people are not the sole owners of black properties, you know. Many of them are owned by black people too. Even if some of those properties are owned by white folks, they've sat and watched their values drop over the years. Just as the black owners have.

So tell me: Why has the values of those properties dropped over the years?

Can you blame any person holding such steadily-decreasing valued property for not want to just just dump it at cost, take what they can for it, and write off the loss?

 

[EvilCat Breath]

Black people destroy every community where they get a foothold. Even when the black family is good, good hearted and has always been fine people they carry criminals around like a bad smell. It's the brother, uncle, cousin, he or she just got out of prison and has nowhere to go. LaQuisha is trying to get off heroin but her mom won't turn her and her two little ones away. Then the friends and fellow gang members show up.

The decent ones are right back where they started, keeping the recyclables on the roof so the aluminum cans don't get stolen.

 

[JGalt]

The devaluation of assets in black neighborhoods
The case of residential property
Tuesday, November 27, 2018

Authors

Andre M. Perry
David M. Rubenstein Fellow - Metropolitan Policy Program

Jonathan Rothwell
Former Brookings Expert, Senior Economist - Gallup

David Harshbarger
Research Assistant - Metropolitan Policy Program at Brookings

Homeownership lies at the heart of the American Dream, representing success, opportunity, and wealth. However, for many of its citizens, America deferred that dream. For much of the 20th century, the devaluing of black lives led to segregation and racist federal housing policy through redlining that shut out chances for black people to purchase homes and build wealth, making it more difficult to start and invest in businesses and afford college tuition. Still, homeownership remains a beacon of hope for all people to gain access to the middle class. Though homeownership rates vary considerably between whites and people of color, it’s typically the largest asset among all people who hold it.

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

Through the prism of the real estate market and homeownership in black neighborhoods, this report attempts to address the question: What is the cost of racial bias? This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

The devaluation of assets in black neighborhoods

Sad state of affairs. America should be ashamed of itself.

Are you not an American?

 

[Sunni Man]

Perceptions that are not true based on racism is costing America money.. That's the reality here dumb ass.

Even black people don't want to live around other black people.

Just as soon as a black athlete signs a multi-million dollar sports contract or a lucky black person wins the lottery. They pack up and move to a crime free white neighborhood. ....

 

[IM2]

The devaluation of assets in black neighborhoods
The case of residential property
Tuesday, November 27, 2018

Authors

Andre M. Perry
David M. Rubenstein Fellow - Metropolitan Policy Program

Jonathan Rothwell
Former Brookings Expert, Senior Economist - Gallup

David Harshbarger
Research Assistant - Metropolitan Policy Program at Brookings

Homeownership lies at the heart of the American Dream, representing success, opportunity, and wealth. However, for many of its citizens, America deferred that dream. For much of the 20th century, the devaluing of black lives led to segregation and racist federal housing policy through redlining that shut out chances for black people to purchase homes and build wealth, making it more difficult to start and invest in businesses and afford college tuition. Still, homeownership remains a beacon of hope for all people to gain access to the middle class. Though homeownership rates vary considerably between whites and people of color, it’s typically the largest asset among all people who hold it.

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

Through the prism of the real estate market and homeownership in black neighborhoods, this report attempts to address the question: What is the cost of racial bias? This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

The devaluation of assets in black neighborhoods

White Privilege therefore Black Failure. The former would not need to exist without the latter.

White racism is white failure. You are an example of it.

White failure, if it exists, could only be in failing to civilize the black man. But then the people from North Africa also failed, and they're not that white.

Whit failure lies in the fact at whites never civilized themslves. But sce th rlling has nothingt dh h thrad tpic, yu will bedlt wh h nxt time you do his.

I'm plenty grown. There is nothing positive about this. And take your victimhood and shove it up your white ass.

Plenty positive...Properties are undervalued, which is a tremendous buying opportunity...And they can be had via contract-for-deed, which circumvents bank qualifying for people with lower credit scores.

Grow the fuck up and quit your pussy sniveling.

If this was a fucking positive, the people at Brookings would have written the article about the great buying opportunities that exist in devalued property in the black community. So shut your racist white ass up.