[jpster]

Yes, when you are a recent immigrant who comes with nothing, the way to go upwards is by education.

The point is that black Americans are not recent immigrants. They have been in this country just as long (if not longer) than white Americans. Therefore, it’s probably better to compare black Americans’ socioeconomic status to white Americans.

“Speculative real estate”? Not in the slightest. Simply the ability to buy a roof over your head and pass it on to your children.