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by kbelder
1265 days ago
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> At low to moderate levels of B, an increase in B should have a negative influence on housing value if Blacks are regarded as undesirable neighbors by Whites. Isn't that true? It's almost a tautology. (Bad things can be true.) |
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For example ignores the fact that on the whole black people are significantly poorer.
In Boston the average white family has a net worth of $200k+ while black families in the same city have a net worth of <$10 (that's not a typo, it's less than ten dollars). Poorer people by nature can not afford houses in more expensive neighborhoods, so naturally you have a concentration of black people in poorer neighborhoods... it's not because white people find black neighbors undesirable, it's that black people are disproportionately poorer.
This kind of oversimplification tends to perpetuate a lot of negative stereotypes about black people while hand-waiving away the chronic issues black people are faced with that creates this kind of disparity.