2 ms·
I base that on the statistics being discussed in the parent comment and the details I started my comment with. Plus recent stuff I have read about how much weal
by Mz 10y ago
I base that on the statistics being discussed in the parent comment and the details I started my comment with. Plus recent stuff I have read about how much wealth people of color have lost in this country in recent years. From a piece about how eviction has become such a shocking norm in the U.S. for the first time in history:
Hispanic and African American neighbourhoods had been targeted by the sub-prime lending industry: renters were lured into buying bad mortgages, and homeowners were encouraged to refinance under riskier terms. Then it all came crashing down. Between 2007 and 2010, the average white family experienced an 11% reduction in wealth, but the average black family lost 31% of its wealth. The average Hispanic family lost 44.7%.
https://www.theguardian.com/society/2017/feb/12/americas-eviction-epidemic-matthew-desmond-housing-crisis https://www.theguardian.com/society/2017/feb/12/americas-evi...