How Home Ownership Keeps Blacks Poorer Than Whites – Forbes

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.” The Brookings study was based on a comparison of home values to homeowner incomes in the nation’s 100 largest metropolitan areas, and it found that even when homeowners had similar incomes, black-owned homes were valued at 18% less than white-owned homes. The 100 metropolitan areas were home to 58% of all whites and 63% of all blacks in the country.

How Home Ownership Keeps Blacks Poorer Than Whites – Forbes

hmmmm

Leave a comment