Mushmouth
12-01-2018, 08:39 AM
$48,000.
That’s the amount the average home in a majority-black neighborhood is undervalued, relative to an identical home in an identical all-white neighborhood once you properly adjust for all the other structural and neighborhood characteristics that could plausibly affect that number. That’s the “cost of racial bias,” as the authors put it, “amounting to $156 billion in cumulative losses” accruing to black homeowners.
https://www.washingtonpost.com/business/2018/11/28/how-white-racism-destroys-black-wealth/?noredirect=on&utm_term=.c53155d993ed
That’s the amount the average home in a majority-black neighborhood is undervalued, relative to an identical home in an identical all-white neighborhood once you properly adjust for all the other structural and neighborhood characteristics that could plausibly affect that number. That’s the “cost of racial bias,” as the authors put it, “amounting to $156 billion in cumulative losses” accruing to black homeowners.
https://www.washingtonpost.com/business/2018/11/28/how-white-racism-destroys-black-wealth/?noredirect=on&utm_term=.c53155d993ed