According to new Zillow research, the racial gap in home values has been shrinking nationwide. However, Illinois remains the ninth most unequal state when it comes to disparities in home values. Homes owned by the state’s white residents were worth roughly 33% more than homes owned by the state’s Black residents. The Chicago metro area is the 11th most unequal metropolitan area in the country by this same measure.
Here’s a thought Orville; let’s work on marriage and fatherhood in the community for 2 generations. Then see if the community is better housed. Get back with us in 60 years.
debtsor
3 years ago
Ask any appraiser and this is fake news. Appraisers take a few pictures, plug the home’s characteristics into some computer software, and the program spits out a value. There’s no racism in the appraiser industry. Homes in minority areas are often, but not always, valued less than white areas because…people pay less money to live there. And they pay less money because….the prospective buyers have lower incomes. Additionally, higher home appreciation is NOT a good thing. A home is a place to live. It’s not a magical ATM that spits out cash every couple of years through a home equity… Read more »
Fullbladder
3 years ago
Let me tell you something Mr.Divounguy, the black community has ZERO desire for your advocacy of gentrification…ZERO.
ron
3 years ago
Would it be fair to place more white people in public housing or section 8 ?
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Here’s a thought Orville; let’s work on marriage and fatherhood in the community for 2 generations. Then see if the community is better housed. Get back with us in 60 years.
Ask any appraiser and this is fake news. Appraisers take a few pictures, plug the home’s characteristics into some computer software, and the program spits out a value. There’s no racism in the appraiser industry. Homes in minority areas are often, but not always, valued less than white areas because…people pay less money to live there. And they pay less money because….the prospective buyers have lower incomes. Additionally, higher home appreciation is NOT a good thing. A home is a place to live. It’s not a magical ATM that spits out cash every couple of years through a home equity… Read more »
Let me tell you something Mr.Divounguy, the black community has ZERO desire for your advocacy of gentrification…ZERO.
Would it be fair to place more white people in public housing or section 8 ?