Chapter
The racial wealth gap through the lens of homeownership in African-American communities
01:18 - 08:34 (07:15)
The racial wealth gap is driven by systemic disadvantages for people of color, including the devaluation of properties in predominantly African-American neighborhoods, according to a study by the Brookings Institution. Despite similar criteria, homes in these neighborhoods can be worth half as much as homes in neighborhoods with no black residents.
Clips
The issue of neglected homes in Orange Mound, one of America's oldest and most historic black neighborhoods, is a consequence of a larger problem affecting homeowners who once believed that owning a home would bring them prosperity.
01:18 - 05:32 (04:13)
Summary
The issue of neglected homes in Orange Mound, one of America's oldest and most historic black neighborhoods, is a consequence of a larger problem affecting homeowners who once believed that owning a home would bring them prosperity.
ChapterThe racial wealth gap through the lens of homeownership in African-American communities
EpisodeThe Sunday Read: ‘How the Real Estate Boom Left Black Neighborhoods Behind’
PodcastThe Daily
Studies show that homes in predominantly African-American neighborhoods are worth half as much as those in neighborhoods without black residents.
05:32 - 08:34 (03:02)
Summary
Studies show that homes in predominantly African-American neighborhoods are worth half as much as those in neighborhoods without black residents. This racial discrepancy in home values amounts to a significant loss of wealth for black homeowners.