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Generally, "blockbusting" denotes the real estate and building development business practices which both profit and are fueled by anti-black racism. Real estate companies used deceitful tactics to make white homeowners think that their neighborhoods were being "invaded" by non-white residents, [6] which in turn would encourage them to quickly ...
In summary, homeownership allows for the accumulation of home equity, a means of storing wealth, and provides families with insurance against poverty. [28] Ibarra and Rodriguez state that home equity is 61% of the net worth of Hispanic homeowners, 38.5% of the net worth of White homeowners, and 63% of the net worth of African-American ...
Housing discrimination has contributed to environmental racism, which refers to how communities of color suffer from disproportionate exposure to toxins and other health risks. Those suffering housing discrimination and people living below the poverty threshold often rent small or low-quality housing.
"The United States Supreme Court defines steering as a 'practice by which real estate brokers and agents preserve and encourage patterns of racial segregation in available housing by steering members of racial and ethnic groups to buildings occupied primarily by members of such racial and ethnic groups and away from buildings and neighborhoods ...
Recent events in Charlottesville and past movements like "Black Lives Matter", raise doubts as to whether or not racism has truly disappeared over time. Counterpoint: Experts debate if racism is ...
Wendell Pierce revealed on X that an apartment owner recently denied his request for an apartment in Harlem, N.Y. despite his rock-solid income from various film and television roles over the last ...
Color-blind racism refers to "contemporary racial inequality as the outcome of nonracial dynamics." [5] The types of practices that take place under color blind racism are "subtle, institutional, and apparently nonracial." [5] Those practices are not racially overt in nature such as racism under slavery, segregation, and Jim Crow laws. Instead ...
Racial steering refers to the practice in which real estate brokers guide prospective home buyers towards or away from certain neighborhoods based on their race. The term is used in the context of de facto residential segregation in the United States, and is often divided into two broad classes of conduct: