Black Homeowners Hurt Most By Neighborhood Segregation

This paper finds that neighborhood segregation hurts the home values of black homeowners, thus undermining the wealth-creating potential of homeownership. This "segregation tax" is generally highest where racial segregation is the highest.

1 minute read

October 31, 2001, 1:00 PM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

In recent years, federal policies have focused on increasing the percentage of Americans who own homes - particularly minorities, since their homeownership rates have lagged behind those of whites. While homeownership has increased for all racial groups, what is not clear is how well this has worked for wealth-creation. This paper finds that in the 100 largest metropolitan areas, black homeowners receive 18 percent less value for their homes than white homeowners. The author, David Rusk, discusses the implications for public policy and offers a series of recommendations for achieving racially balanced and economically diverse neighborhoods. [Complete 14-page report available online.]

Thanks to Kurt Sommer

FULL STORY: The "Segregation Tax": The Cost Of Racial Segregation To Black Homeowners

Wednesday, October 31, 2001 in The Brookings Institution

Social / Demographics United States

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