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Discriminatory housing policy leads to the devaluation of Black people
12022-12-04T07:41:28-08:00Andy Schocket278555063cc66428c8eadf42f48d412091c5aaf9412371Housing is just one area where Black Americans suffer from discriminatory public policies. Throughout the United States, homes ...plain2022-12-04T07:41:28-08:00YouTube2020-02-13T19:35:06ZhrR3ViLmpMUBrookings InstitutionAndy Schocket278555063cc66428c8eadf42f48d412091c5aaf9
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12022-12-01T09:43:28-08:00AS: Houses in white communities sell for more green20Provides interactive resources concerning the disparities in house appraisals between white communities and communities of colorplain2022-12-06T17:12:30-08:00Properties in primarily white neighborhoods get valued, and then sold, for more money than similar properties in neighborhoods where a higher number of people of color live. Scholar Julia Howell, who has done extensive work on the subject, explains.
You might think that evaluating how much houses are worth is an objective process: that you can measure the square footage, take into account how many amenities it has such as bathrooms and appliances, survey the size of the lot it sits on, consider its location, and come up with a number. Why does housing valuation contribute to racial inequality?
It turns out that homes in Black neighborhoods are valued consistently less than homes in white neighborhoods, even adjusting for other variable, as Andre Perry of the Brookings Institute explains.
Interestingly enough, while Zillow claims that differences in value have decreased over the past several decades, the other researchers argue that the opposite has happened more recently. In other words, although we may not have conclusive evidence, there is at least some evidence suggesting that racial differences in housing values are getting worse, not better.