This paper finds that neighborhood segregation hurts the home values of black homeowners, thus undermining the wealth-creating potential of homeownership. This "segregation tax" is generally highest where racial segregation is the highest.
In recent years, federal policies have focused on increasing the percentage of Americans who own homes - particularly minorities, since their homeownership rates have lagged behind those of whites. While homeownership has increased for all racial groups, what is not clear is how well this has worked for wealth-creation. This paper finds that in the 100 largest metropolitan areas, black homeowners receive 18 percent less value for their homes than white homeowners. The author, David Rusk, discusses the implications for public policy and offers a series of recommendations for achieving racially balanced and economically diverse neighborhoods. [Complete 14-page report available online.]
Thanks to Kurt Sommer
FULL STORY: The "Segregation Tax": The Cost Of Racial Segregation To Black Homeowners
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Parklet Symposium Highlights the Success of Shared Spaces
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Federal Homelessness Agency Places Entire Staff on Leave
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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