It'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 t

It'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."