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These are certainly multi-factor situations, as you say, but white flight isn't the only race-related contributor to deteriorating home prices in predominantly
by jungturk 6y ago
These are certainly multi-factor situations, as you say, but white flight isn't the only race-related contributor to deteriorating home prices in predominantly non-white neighborhoods.
For example, the impact of federal policies denying mortgage loans in non-white neighborhoods in the 1930s (aka redlining) are still detectable today. If your pool of buyers is lower (because of the lack of availability of a loan program) its reasonable to expect the prices would represent that, and if your prices are growing more slowly that non-redlined neighborhoods, its reasonable to expect prospective buyers could be concerned about investing in those homes.
We don't have to meander too far from the facts to see this as racism (assuming we take racism to mean the promotion of white dominance using institutional power).
https://www.governing.com/topics/transportation-infrastructure/gov-redlining-race-real-estate-values-lc.html https://www.governing.com/topics/transportation-infrastructu...
https://en.wikipedia.org/wiki/Redlining https://en.wikipedia.org/wiki/Redlining
- bluGill 6y agoTrue, but that doesn't mean it was racism that kept individual people out.