3 ms·
I wonder how much of that is the legacy of redlining given that home ownership is the major vehicle for long term middle class wealth accumulation. (House as fi
by api 7y ago
I wonder how much of that is the legacy of redlining given that home ownership is the major vehicle for long term middle class wealth accumulation. (House as financial instrument is itself a problem, but that's another matter.)
- MiroF 7y agoYes, except this study explicitly excluded the value of the house as an asset. I think the legacy of jim crow, continued racism, and slavery have just as much to do with it. Redlining is also not over - a recent study found that when undercover black and white people went to the same realtor, 50% of the time the black buyers were given worse options or refused service.