Black Americans struggled with unaffordable housing before the coronavirus crisis and now face heightened risk of homelessness as the economy turns.
America has fallen so far behind in the coronavirus fight that it might lose the war permanently.
Civil rights legislation in the 1960s outlawed housing and employment discrimination, but, as a group, Black citizens were denied the same opportunity to build wealth as white citizens were during the country’s unprecedented postwar expansion, restricting their ability to invest in education, to start businesses or pass along inheritances to their children.when accounting for different types of jobs and levels of education.
Lower valuations at the same time can be attractive for some white families priced out of other neighborhoods. But once a few start arriving, prices tend to quickly skyrocket, Perry said, theorizing that the change is the result of the judgments of not only white home buyers but also real estate agents, appraisers and lenders.“There is something going on with the perceived value of whiteness that elevates the price versus the perceived value of Blackness that seems to suppress it,” Perry said.
In some of those neighborhoods — Leimert Park, Jefferson Park and West Adams — the Black population‘s percentage has been on the decline while the white percentage is rising, according to a data analysis from the UCLA Center for Neighborhood Knowledge, which also found that median income growth in those communities outpaced that of the county.
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