Researchers found that the average home in a majority-Black neighborhood is valued for 23% less than a near-identical home in a similar majority-white neighborhood. This costs Black homeowners $156 billion ($48,000 per home). Full study:https://www.brookings.edu/research/devaluation-of-assets-in-black-neighborhoods/ …
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Less property tax
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It's the Chinese and Arabs setting that price, btwhttps://www.cnbc.com/2019/01/08/chinese-middle-class-buying-up-american-residential-real-estate.html …
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This is messed up on so many levels. Are there sanctions available for companies who perform appraisals in bad faith?
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We’re going through this now. All we can do is ask for a desk review and second appraisal. Hopefully, they’ll grant it and the second one will be significantly higher
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Yes we do! There are millions of Americans fighting for Universal Basic Income so that nobody has to go homeless or hungry.
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Infuriating. And some say that systemic racism doesn’t exist in the US...
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The bullshit that rampant racism no longer exists in the US comes from our (un) Supreme Court. Yes, that rampant racism is systemic, endemic at the highest levels.
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But white folk told me all we need to do is buy homes and we’ll close the wealth gap.

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that part
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