Chapter
Using Capitalism to Build Wealth in Low-Status Communities
01:23 - 14:22 (12:59)
The tools of capitalism that built white wealth should be applied to build wealth in low-status communities, especially in terms of property ownership and real estate development. Before a real estate transaction goes forward within a low status community, the seller should receive quality legal and financial counsel so they are fully aware of the value of their land and how they could maximize it through sensible refinancing, building vertical additions for rentals, and also accessory dwelling units.
Clips
The sustainable ideals of property ownership, life, liberty and the pursuit of happiness that built Black Wall Streets were destroyed by white mobs without any consequence.
01:23 - 05:47 (04:24)
Summary
The sustainable ideals of property ownership, life, liberty and the pursuit of happiness that built Black Wall Streets were destroyed by white mobs without any consequence. The solution lies in using talent retention to create successful companies that can help build great neighborhoods for the people born and raised in them.
ChapterUsing Capitalism to Build Wealth in Low-Status Communities
EpisodeYou don't have to leave your neighborhood to live in a better one | Majora Carter
PodcastTED Talks Daily
The nonprofit industrial complex often views poverty as an authentic cultural attribute rather than addressing the issue through tools of capitalism.
05:47 - 08:25 (02:38)
Summary
The nonprofit industrial complex often views poverty as an authentic cultural attribute rather than addressing the issue through tools of capitalism. By applying these tools to build wealth in low-status communities, especially in terms of property ownership and real estate, we can avoid both gentrification and poverty maintenance.
ChapterUsing Capitalism to Build Wealth in Low-Status Communities
EpisodeYou don't have to leave your neighborhood to live in a better one | Majora Carter
PodcastTED Talks Daily
Before a real estate transaction happens in a low-status community, the property owner should receive quality legal and financial counsel to protect their wealth from liquidation and maximize their land value.
08:27 - 12:25 (03:58)
Summary
Before a real estate transaction happens in a low-status community, the property owner should receive quality legal and financial counsel to protect their wealth from liquidation and maximize their land value. Lack of counsel and financial literacy, encouraged by certain real estate companies, contribute significantly to the increasing wealth inequality in the US, leaving low-status communities with no hope of generational wealth potential.
ChapterUsing Capitalism to Build Wealth in Low-Status Communities
EpisodeYou don't have to leave your neighborhood to live in a better one | Majora Carter
PodcastTED Talks Daily
Community Investment and Development Cooperatives help individuals fully understand investment and development to allow for affordable housing, offering lunchtime learning sessions and including about 500 member owners consisting of investors, residents, and staff.
12:25 - 14:22 (01:57)
Summary
Community Investment and Development Cooperatives help individuals fully understand investment and development to allow for affordable housing, offering lunchtime learning sessions and including about 500 member owners consisting of investors, residents, and staff. They are building affordable, mixed-use real estate developments to benefit their resident owners.