Why Do Property Values Go Down When A Neighborhood Changes From White To Nonwhite
Name _Allison Miller_
Part I. Film (2003) – Race: The Power of an Illusion Part III (The House We Live In)
Answer the following questions:
1. Why do property values go down when a neighborhood changes from white to nonwhite?
According to the film, the reason property values go down in neighborhoods when they change from White to Black is because "when a neighborhood, a previously White neighborhood starts to integrate, even if individual Whites don't have personal or psychological animosity or racial hatred, they still have an economic incentive to leave (PBS.org, 2003)." Conley mentions that this is because they "recognize that others might make the same calculation and leave first. So you get a vicious circle where whites calculate that other Whites are going to sell when a neighborhood integrates, therefore they want to sell first to avoid losses (Pbs.org, 2003)." …show more content…
So the price of those homes declines or stays stable (PBS.org, 2003)."
2. What examples of disparities exist in our community today? Will the wealth gap go away if we ignore race?
The film states that in today's society "the average Black family has only one-eighth the net worth or assets of the average White family," and that this difference seems to have actually grown since the 60's (PBS.org, 2003).
I also found it interesting when they mentioned that there have been studies that show that there is no difference between Whites and Blacks when it comes to "test scores, graduation rates, welfare usage and other measures (PBS.org, 2003)."
I honestly don't believe that simply ignoring race, or the many issues that still surround it will make the wealth gap go
Part I. Film (2003) – Race: The Power of an Illusion Part III (The House We Live In)
Answer the following questions:
1. Why do property values go down when a neighborhood changes from white to nonwhite?
According to the film, the reason property values go down in neighborhoods when they change from White to Black is because "when a neighborhood, a previously White neighborhood starts to integrate, even if individual Whites don't have personal or psychological animosity or racial hatred, they still have an economic incentive to leave (PBS.org, 2003)." Conley mentions that this is because they "recognize that others might make the same calculation and leave first. So you get a vicious circle where whites calculate that other Whites are going to sell when a neighborhood integrates, therefore they want to sell first to avoid losses (Pbs.org, 2003)." …show more content…
So the price of those homes declines or stays stable (PBS.org, 2003)."
2. What examples of disparities exist in our community today? Will the wealth gap go away if we ignore race?
The film states that in today's society "the average Black family has only one-eighth the net worth or assets of the average White family," and that this difference seems to have actually grown since the 60's (PBS.org, 2003).
I also found it interesting when they mentioned that there have been studies that show that there is no difference between Whites and Blacks when it comes to "test scores, graduation rates, welfare usage and other measures (PBS.org, 2003)."
I honestly don't believe that simply ignoring race, or the many issues that still surround it will make the wealth gap go