Economic inequality has been thrust into the forefront over the past week.released last year found that each black home was undervalued by $48,000 on average.Visit Business Insider's homepage for more storiesBlack Lives Matter demonstrations have grown larger in recent days, as calls mount for criminal justice reform. They were touched off after George Floyd, a black man, was killed in Minneapolis by a white police officer who knelt on his neck for more than eight minutes.
African-Americans lag behind whites on many indicators of economic health, and homeownership is a notable one.the black homeownership rate stood at 44% in the first quarter of the year, dropping from its peak of nearly half in 2004. In stark contrast, the level of white homeownership was 73.7% — a gap of nearly 30 percentage points.
There's so much wrong with this post. Publicity Stunt!!
mikemajlak LoganPaul
Black crime devalues black neighborhoods they know it we know it eat a dick sandwich
Does this make it esyier to explain ?
That's the DUMBEST THINK I EVER HEARD! AND A LIE!
Sounds like a rebranding is needed. In MMORPG game EverQuest, blacks were erudites. Imagine the positive impact that it might have on their house values if African Americans culturally rejected the False Reality of God and embraced Science and the one true reality of Atheism.
It wouldn’t have anything to do with the crime rate or riots at all
So, are we blaming Trump, racism, white privledge, economic disparity, fake news, Covid 19, or Russian Collusion for this one?
The reduction in price has to do with supply and demand. Neighborhoods with run-down housing, drugs and violence will not have the same demand as neighborhoods who do not. Whether it’s black or white people living in a crime-ridden neighborhood, the prospective buyer doesn’t care
This is the kind of bankrupt logic that rules the left.
😳😳🤨🤨😏😏
We know!
The media is always doing its BEST “DIVIDING THE COUNTRY!! Shame of you!!
Lets artificially raise the price that’ll help
There's a problem....
for the left wing media everything is always black vs white.
Nobody wants to buy and improve homes in cities because of CITY PROPERTY AND INCOME TAXES
*33. This universe is simulated.
Now do male vs female houses
Leftists: (all races that can\\want, leave bad n'hoods) White flight!! Also Leftists: (all races that can, come back, bye & refurbish, bringing up prop values) Gentrification!! There is ZERO chance of *every* making these types of people happy, let alone THINK vs. of FEELZ
has the world gone mad or is it just the Americans
Homes are with what someone’s willing to pay. This is insanity.
For the love of God, the issue isn't black vs. Whites. That singular thinking will force you down the path of black vs. Asians, blacks vs. Brown etc.
Uh guys.. that house is blue.
We all know what happened last time the government attempted affordable housing.
Black homes aren’t worth $33,000 less than white homes. The difference is the entire community. A black family can invest in a great multiculdturaled neighborhood, and be just fine with an appreciating asset. It’s really all about location, and the character of the people in it.
They get cheaper houses? What a privilege.
What if a black man wants to buy a house? Is it still cheaper and if the awnser is yes, then where is the racism? And the allegation of 'it is because of racism .......'
I bet if they painted the homes a different color the value might go up. Why would someone paint their house black? Doesn’t that get hot in the summer?
You need more info. Same side of street? How was the home's interior and exterior? Was it remodeled recently? What an irresponsible article.
OK.... what's next? Should find some more 'racist' sh$t before people stop looting and protesting muppets
Real estate is racist. But bad public schools are the reason for low value.
Do I have to show identification for this discount to be applied at purchase time or are homes designated by race in advance?
If there is racism in the housing market the actual market would have taken care of it. Which race is scooping up black owned properties?
Now even homes are “Black” and “White” in America ? Why would you even report like that ? The country is suffering from absolute racial division at this time and your publication is serving as fuel on fire. Please don’t do this.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »