Black homes are undervalued by $156 BILLION. The NFL wants to help fix it

[OfTheCross]

How devalued are homes in NFL teams’ metro areas?

Throughout the most recent football season, a recurring NFL ad promoting a partnership with the National Urban League featured a sobering statistic from Brookings Metro’s research: Nationwide, homes in Black-majority neighborhoods are devalued at an average rate of 23%, translating to a $48,000 loss in value per home.

Our report, The devaluation of assets in Black neighborhoods: The case of residential property, examines the real estate market and homeownership in Black neighborhoods to ask the question, What is the cost of racial bias? One answer is a cumulative loss of $156 billion dollars in the value across the nation’s Black-majority neighborhoods. It can be hard to wrap our heads around a number that large, so another way of thinking about home devaluation is examining how it plays out in metropolitan areas

. .

 

[I Really Mean It]

It’s shyt like this that black people don’t pay enough attention to, deep seated systemic discrimination that has crippled our ability to grow an economic base. Statistics like this enrage me.

 

[Hey_zeus]

Smh but we need to work harder

 

[Voice of Reason]

It’s shyt like this that black people don’t pay enough attention to, deep seated systemic discrimination that has crippled our ability to grow an economic base. Statistics like this enrage me.

ADOS Tone has been screaming about these sorts of stats for years.

 

[ReturnOfJudah]

The NFL wants to fix it? We’ll help these home owners file class action lawsuits against these dirty corporations. Run them pockets bytch

 

[BlackJesus]

It’s shyt like this that black people don’t pay enough attention to, deep seated systemic discrimination that has crippled our ability to grow an economic base. Statistics like this enrage me.

I feel like there’s more to the story though.
Generally neighborhoods with lower quality schools and higher crime are seen as less desirable and the prices will reflect that. Black folk are disproportionately situated in those kinds of environments in the US

I feel like need to see all the data on this to get a real picture of what’s going on

 

[beenz]

It’s shyt like this that black people don’t pay enough attention to, deep seated systemic discrimination that has crippled our ability to grow an economic base. Statistics like this enrage me.

yup. so even if we own a home, which is the most accessible way for most of us to build wealth, they still stack the deck against us devaluing our shyt regardless

 

[Legal]

Can't treat this with anything other than an extremely healthy dose of skepticism.

Y'all gonna help us level out home values, but you can't figure out how to hire us in positions of authority throughout your own teams? Sure.

 

[get these nets]

Feds launch Task Force to address Home Appraisal bias

 

[BlackJesus]

yup. so even if we own a home, which is the most accessible way for most of us to build wealth, they still stack the deck against us devaluing our shyt regardless

The other day I saw a newscast showing how one black woman gained 100k in value just by making her (white) husband be present during the appraisal and taking down all the photos

Black folks need to use the courts more often and sue these racist companies that lower the value of their homes

 

[Rekkapryde]

yup. so even if we own a home, which is the most accessible way for most of us to build wealth, they still stack the deck against us devaluing our shyt regardless

When you sell your crib, dress it up with white people pictures.

Disgusting ain't it

 

[beenz]

When you sell your crib, dress it up with white people pictures.

Disgusting ain't it

it's either that, or remove all your pictures altogether.

 

[get these nets]

How devalued are homes in NFL teams’ metro areas?

Throughout the most recent football season, a recurring NFL ad promoting a partnership with the National Urban League

. .

There was a hit piece article about Jay Z/NFL posted here recently.

Ouch. USA Today just took a massive camel shyt on Jay-Z.


This NFL partnership with the Urban League to address this topic is one of the things being done because of the NFL, Jay Z, Roc Nation partnership. Because it's not something that news cameras would show up to, it goes unreported. Behind the scene work that helps to move the needle on important issues rarely makes headlines.

 

[Ezekiel 25:17]

I believe this is only the case because of crime and littering. Every low income neighborhood has both those. Now go to a upper middle class black neighborhood and what do you see? It's clean and crime free with the house prices reflecting that.

Not all black areas have low value homes

12 Richest Black Communities in America - That Sister

 

[Shamayw_33]

They'll just raise the value of homes in non black neighborhoods so nothing will balance out and our homes will still be undervalued. Kinda like, you get a raise, but you're still not ahead because of inflation. Way to kill progress

Or, this is a ploy to hasten gentrification by offering minorities even more money for their property so they'll be more inclined to sell and leave

I don't trust these organizations or the government when it comes to helping blacks...why, history.