How Systemic Racism and Implicit Bias Affects African Americans

I don’t ever feel challenged by members
Remember the hierarchy here
99ers first , everybody else last

 

Housing discrimination became illegal in the 60s, therefore it's expected by 1970s home ownership rates would marginally increase. The stagnation is a result of home values since the 50s increasing by 4-6 fold after adjusting in today's money.

That's the point you don't get. Most white homeownership today is a result of white families getting their property when modern real estate was at all time lows during the suburban housing boom while black families were not allowed that. So now yes black families can't be discriminated against based in race but home prices are signficantly more expensive than they were in the 50s. Today, almost anyone who doesn't own home is severely ****ed because the median home price is 300k compared to 50k in today's money in the 50s. So most white people got theirs when it was at that 50k price point and over the decades passed on their property to their children while those values increased 4-6 fold.

 

That's because you're the living embodiment

J/K

 

Real estate prices aren't always increasing

https://dqydj.com/historical-home-prices/

Adjusted for inflation home prices were cheaper in the 70s than 50s

 

I think you have an issue understanding what a trend line is.

 

What is the median price of a home in 1955 vs 1975?

 

According to the US census:
"Historical Census of Housing Tables: Home Values" https://www.census.gov/data/tables/time-series/dec/coh-values.html

Adjusted in 2000 dollars 45 grand to 65 grand. The biggest jumps happens since the 80s.

 

Your data isn't adjusted for inflation. You think there is a $20k difference in today's dollars?

Try my chart

 

People have explained why we are stalled out several times but you ignore it.

Generational wealth?

Do you own a home?

 

No I don't.

Anyway black people had generational wealth in the fifties?

 

It is adjusted to the year 2000 dollars. Census has median home values at 7300 dollars in 1950 and in 2021 dollars that around 80 grand so the data you linked is wrong. I trust census.gov more.

If the median value of homes were 80 grand today, you would see a massive influx of new home buyers especially amongst black families.

People who already own homes are winning big time with their massively inflated home values. And most of those people are white families disproportionately.

 

Some people having generational wealth isn't the claim. We are making claims about relative differences between the races. So some black families having generational wealth is irrelevant. We are saying that white families have a lot more generational wealth.

 

In what year is the median cost of a home $80K

 

White people didn't have generational wealth before WWII. All races had good jobs in the 50's

Black wealth growth is stalling. Hispanics are passing us. Why are blacks standing still and Hispanics gaining? Why isn't systemic racism holding them back?

 

In today's money? 1950s

 

Blue collar white families got their wealth from that massive.hkusing.boom right after ww2 where home values were really cheap and black families were not allowed due to redlining practices which resulted in white families sitting on property that increased by 4-5 fold passing that wealth on to their children.

 

The 1950s aren't about some black families. Black people made gains in the 50s like everyone. We are stalled. There was less racism in the 50s?

 

Black people made their biggest home ownership gains in the 50s

 

You have an issue understanding relative differences. Homeownership rates in the 1950s in 60s for black families were still significantly lower than white families and that was due to redlining practices. And they have stagnated because since redlining has become illegal, prices if homes shot up pricing most families who don't own home out of the market and black families disproportionately were not homeowners compared to white families thus the increase in home values significantly benefited white families and significantly harmed black families generally speaking.

 

https://www.washingtonpost.com/business/2020/07/23/black-homeownership-gap/

the black home ownership rate gap today is wider than it was in 1934