Heller study finds public policy widens wealth gap | BrandeisNOW
Can we speak on this?White families buy homes and start acquiring equity eight years earlier than black families. Due to historical wealth advantages, white families are far more likely to receive family assistance or an inheritance for down payments.
The ability to make larger up-front payments by white homeowners lowers interest rates.
Residential segregation places an artificial ceiling on home equity in non-white neighborhoods.