One last parting note about this poorly conceived hit piece which attempts to lay everything at the feet of black pathology and dysfunction. It’s wrong in every way. I’ll cite some sources which may helphttps://quillette.com/2018/07/19/black-american-culture-and-the-racial-wealth-gap/ …
If the home ownership base started out white, and they sold at declining prices to black buyers, it’s possible (depending on the slope of the curve fitting racial composition to home price) that the white residents lost more—what does the curve look like?
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That’s a counter factual— the white homeownership rate was increasing at the same time. Also, you’d need to consider losses relative to inflation and the fact that subsidies made the new homes cheaper as supply was outstripping demand in white suburbs.
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If supply was outstripping demand, prices went down. Inflation shouldn’t have a disparate impact here, except insofar as white homeowners were more hedged. But white people also own (proportionately?) more finanacial assets that *aren’t* hedged, like bonds and pensions
End of conversation
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Ie is it a steeper drop when it goes from 100% white to 90%, or from 10% to 0%?
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