The Sunday Read: ‘How the Real Estate Boom Left Black Neighborhoods Behind’
The Daily12 Des 2021

The Sunday Read: ‘How the Real Estate Boom Left Black Neighborhoods Behind’

In Memphis, as in America, the benefits of homeownership have not accrued equally across race.

Housing policy in the United States has leaned heavily on homeownership as a driver of household wealth since the middle of the last century, and, for many white Americans, property ownership has indeed yielded significant wealth. But Black families have largely been left behind, either unable to buy in the first place or hampered by risks that come with owning property.

Homeownership’s limitations are especially apparent in Black neighborhoods. Owner-occupied homes in predominantly African American neighborhoods are worth, on average, half as much as those in neighborhoods with no Black residents, according to a 2018 Brookings Institution and Gallup report that examined metropolitan areas.

For neighborhoods like Orange Mound in southeast Memphis, the solutions cannot come fast enough.

This story was recorded by Audm. To hear more audio stories from publications like The New York Times, download Audm for iPhone or Android.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Episoder(2810)

Special Edition: Flynn Pleads Guilty

Special Edition: Flynn Pleads Guilty

Michael Flynn pleaded guilty this morning to lying to the F.B.I., and said he’s cooperating with the Mueller investigation. What does it tell us that prosecutors have a former senior member of the Tru...

1 Des 201714min

Friday, Dec. 1, 2017

Friday, Dec. 1, 2017

On Thursday, the Republican tax bill seemed to have all the momentum it needed. But a vote was delayed after a report found the calculations were off by a trillion dollars. Also, the White House has a...

1 Des 201720min

Thursday, Nov. 30, 2017

Thursday, Nov. 30, 2017

President Trump is playing a major role in shaping the Republican tax plan. So what is a businessman who ran as a populist fighting for? Also, the president shared videos on Twitter from a fringe ultr...

30 Nov 201722min

Wednesday, Nov. 29, 2017

Wednesday, Nov. 29, 2017

The United States government set aside $5 million for the families of civilian casualties from the war on the Islamic State. There have been thousands of civilian casualties. So why has the money gone...

29 Nov 201719min

Tuesday, Nov. 28, 2017

Tuesday, Nov. 28, 2017

On Monday morning, two rival bosses showed up for work at the government’s top consumer financial watchdog — one a holdover from the Obama administration, the other a rushed temporary appointee of Pre...

28 Nov 201720min

Monday, Nov.27, 2017

Monday, Nov.27, 2017

With President Trump nearing the end of his first year in office, the next few weeks could be crucial for his presidency. We also look at how a string of armed robberies in Michigan and Ohio has led t...

27 Nov 201716min

Wednesday, Nov. 22, 2017

Wednesday, Nov. 22, 2017

Robert Mugabe has been the leader of Zimbabwe as long as there has been a Zimbabwe. Having once proclaimed that “only God will remove me,” he resigned as president on Tuesday after nearly four decades...

22 Nov 201720min

Tuesday, Nov. 21, 2017

Tuesday, Nov. 21, 2017

Capitol Hill, following its own set of rules and shrouded in secrecy, has joined Hollywood, Silicon Valley and other industries under scrutiny for sexual harassment. Senator Kirsten Gillibrand, Democr...

21 Nov 201719min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
lydartikler-fra-aftenposten
forklart
aftenpodden-usa
popradet
stopp-verden
i-retten
dine-penger-pengeradet
fotballpodden-2
det-store-bildet
rss-gukild-johaug
nokon-ma-ga
hanna-de-heldige
rss-ness
aftenbla-bla
e24-podden
rss-dannet-uten-piano
grasoner-den-nye-kalde-krigen
frokostshowet-pa-p5