Black Americans Lost Money After Buying A Home, Even In Boom Times

[Wink Beaufield]

Not enough blacks wanting to buy homes in black neighborhoods. So basically black communities still get shafted cause most people don't wanttomove toblack communities. Another to really reinvigorate black neighborhoods....make them desirable places for our own

Even in the most affluent black county in the nation we still took nasty losses on home ownership.

The American Dream shatters in Prince George's County

A Washington Post analysis of housing values in two suburban Washington Zip codes — one in a mostly black Bowie, Md., neighborhood of Prince George’s County and the other in a mostly white area of Reston, Va. — sketches a vivid picture of how African Americans have been hit harder by lagging home prices in the recession’s wake.

Average values in the two communities were virtually identical between 2000 and 2005, though prices in Bowie peaked at more than $620,000 in 2006, while home prices in Reston topped out a year earlier at $520,000.

Then the bust came. In 2009, Reston prices bottomed out at $360,000. In Bowie, they fell much farther, dropping to about $330,000 in 2012 — nearly half.

By 2014, Reston prices bounced back to within $65,000 of their peak, while prices in the Bowie Zip code were still nearly $300,000 below their high point.

 

[Tupac in a Business Suit]

Really? This is black peoples fault?

You think the federal government didn't know this was going to happen ?

Yes. I live and OWN in a black community. Federal government doesn't have shyt to do with people taking pride in their home. I tell you houses be run down as fukk, trash on the streets but cats got a 5 series or an e class in their driveway thats crumbling. But shyt, let you tell it, the government is the cause of it. Please! tired ass folks with the same tired ass excuses.

 

[Tupac in a Business Suit]

You're beggin for the neg goons to some see you with this.

Oh shyt. A neg goon? Fool I'm talking here about improving our communities through proper care and ownership and you out here boogymanning a brothers thread about Neg Goons?

I could backhand your ass four ways till sunday fool but your probably looking for internet pals so ill give you a bligh.

 

[Treblemaka]

Oh shyt. A neg goon? Fool I'm talking here about improving our communities through proper care and ownership and you out here boogymanning a brothers thread about Neg Goons?

I could backhand your ass four ways till sunday fool but your probably looking for internet pals so ill give you a bligh.

You're getting emotional. I'm just telling you how people on the coli operate.