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>> blacks moving into a neighborhood would decrease property values. I'm not from U.S but why would black people decrease property values? Isn't this really a
by themihai 6y ago
>> blacks moving into a neighborhood would decrease property values.
I'm not from U.S but why would black people decrease property values? Isn't this really about poor people (that in the U.S are more likely to be black) decrease property values?
- api 6y agoIt's because racist Americans don't want to live near blacks, reducing demand, and because of perception of blacks as always being poor. Here's an example of the same house in the same neighborhood being appraised much higher when the appraiser didn't know there was a black occupant: https://www.ktvb.com/article/news/nation-world/jacksonville-couple-sees-home-appraisal-jump-40-percent-after-they-remove-all-traces-of-blackness/77-c3087e8c-0c65-4fb9-8319-da82f5c0ea20 https://www.ktvb.com/article/news/nation-world/jacksonville-... Money quote: "... because in the Black community, it’s just common knowledge that you take your pictures down when you’re selling the house."