Survey Seyz Missouri Housing Is Racist

Sorry white dudes . . . I think THEY are gonna garnish your check for this one . . .

Tragically, housing data points to some very real disparity that can be traced back to government housing policy . . . Like it or not, more than any other legacy of the Jim Crow era . . . There's an economic roadmap to reparations here . . . Check-it . . .

"The Black-white homeownership gap is wider today (30%) than in 1968 when the Fair Housing Act was initially passed, prohibiting discrimination when selling, renting, or financing a home.

"Census data from 2019 showed nearly 72% of white families are homeowners, compared to just 42% of Black families. Rates of Black homeownership have been steadily declining over the years, even before the 2008 housing market crash. The average first home purchased by a Black buyer is valued at $127,000 but they accrue $90,000 in mortgage debt, while white first-time homebuyers’ homes are valued at $139,000 with a $75,000 mortgage debt. This places Black buyers in more debt for a less-valued asset, weakening their investment returns."

Read more via www.TonysKansasCity.com link . . .

The Black homeownership gap in Missouri

For many, along with financial independence, becoming a homeowner is considered the quintessential American dream. Homeownership is one of the fundamental tools for building wealth in the United States, but historically, Black homebuyers have faced unfair policies and systematic discrimination such as receiving higher interest rates from mortgage lenders and real estate agents.