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Advantages And Disadvantages Of Being African American

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The Disadvantages of Being a Black Person in America
For years, African Americans have been mistreated because of how they look or were born. Causing many African Americans to become financially underprivileged. Especially during the evolution of gentrification in Black neighborhoods. As houses are slowly being scooped up by investors, this contributes to the decrease in black homeownership. A prime example is Akili Akridge who was in the process of selling his townhome but while in the process of selling, he disclosed his race, then the agencies said the market was closed. But when Akili did not disclose his race many agencies wanted to buy the house and even offered to compete with the other agency. African Americans have a harder time …show more content…

History shows time and time again that these promises were broken. This led many African Americans to become broke or accumulate low income leading to generational poverty. As a result, many Black people have become homeless or have to rent living spaces rather than owning their properties. “In 2022, 74.6% of White households owned their homes, compared with 45.3% of Black households-.” The gap is more than 29 points when in 1960 there was a 27-point gap. The gap shows that homeownership has increased, but not at the rate of white home …show more content…

Despite being illegal there are many cases recent and past to show that discrimination still occurs. An example from an online source states, “The few loans available in redlined areas were very expensive, which made it even harder to buy a home and build wealth.” Causing many Black customers to acquire overpriced living with no equity until they pay their last payment. Intentionally wanting Black customers to be in debt to the process of paying toward the loan rather than reaping the benefits. Living in redlined zones which meant they were denied because of the location of their neighborhood. Which is also an illegal form of

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785 Words | 4 Pages

The Home Owners Loan Corporation (HOLC) and the Federal Housing Administration (FHA) introduced long-term mortgage and guaranteed to lenders with low interest rate and extended payment period. The number of Americans who could purchase homes increased and Jackson pointed out how the American way of life transformed, which is to buy a home than to rent. It is said that “today, renters account for one-third of all households, suburbs house far more people than cities, and affordability has supplanted physical deficiency as the primary housing problem (Schwartz 2015, 17).” However, the HOLC and FHA excluded the black population such that the HOLC appraisal and rating system assessed neighborhoods with black inhabitants to be hazardous and the FHA concerned about white-black separation in terms of the investment values (201, 208). FHA helped the building industry to turn against the minority and inner-city housing market and its policies supported the income and racial segregation of suburbia (213).

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The idea of equality for all people, regardless of their race, is instilled in the American society of today. Unfortunately, this idea has not always been present, which ultimately has caused many issues for America’s society in the past. As discussed in the book Our Town: Race, Housing, and the Soul of Suburbia, David L. Kirp focuses on the inequality that was found between the low-income blacks and the middle class whites in a South Jersey town, Mount Laurel. At the time, the whites had a goal of running the blacks out of the town by making the costs of housing expensive enough where blacks could not afford it. This lead to unequal treatment for the blacks who lived in Mount Laurel compared to the whites when it came to housing opportunities.

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According to The Editorial Board New York Time’s, “The Housing Crisis Lives on for Minorities” December 26,2016, mortgage companies such as Fannie Mae are discriminating and being racist towards African-American and Latino homes. The writer emphasizes the neglection Fannie Mae had towards these minority homeowners and specifies the contrast between white areas and black areas. The mortgage crisis that ravaged the economy eight years ago, is a driving factor of the editorial. The writer is informing New York Times readers, educated citizens, and intellectuals about the racial allegations towards Fannie Mae. The Editorial Board affectively convinces their audience that there is an unjust gap between white and minority homes through the use of

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Coates presents a series of statistical information that ultimately shares the idea that the lives of African American have not made as much progress as we would like to believe. Yes, the presences of white only signs are gone, black poverty rates have decreased, and black pregnancy rates are at a record low, but in certain aspects such as the income gap between blacks and white, its roughly the same as it was in 1970. Coates goes forth to explain the this is essentially due to that obviously fact that African Americans in the country have never had a gateway/path to wealth. Black families, regardless of the household income, are incredibly less wealthy than their white counterparts. Research done by The Pew Research Center discovered that white households are worth an estimated 20 times more than that of black households.

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1070 Words | 5 Pages

The racial wealth divide is wealth and poverty created after World War II. When veterans returned home the FHA approved 98% (podcast, House Rule) of the mortgage to white people allowing them to buy lands, farms, properties, and houses. Helping building up the middle-class people by allowing them to get home ownership. They were approved for G.I. Bill to attend school and grants to start up small business. Meanwhile black veterans returned from war and was turned down for all the these benefits that left them remain in poverty.

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The master ‘whites’ lived a distance from the housing of the slaves and in some cases not even on the plantations that they owned. In contrast to the living situations of the African Americans in America that is housed in ‘low-income’ housing projects. These housing projects were created for immigrants but eventually were filled with migrants from the south. According to Hoffman, the constituency for public housing in the 1960s became lower-class rural migrants from the south. This has progressed pass the 1960s into the twenty first century, where in America the African Americans are still housed in low-income housing projects in the rural areas that are situated in

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1375 Words | 6 Pages

Black residents were being forced to leave out of fear of violence, terror, and losing everything they had worked for. Out of the 58 families who owned their property, 24 sold theirs for extremely low-ball offers. Some had to sell theirs for one-third of what they paid due to the exigent circumstances. The remaining 34 property owners just left theirs and fled.

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With many unable to purchase homes, the 1933 Home Owners’ Loan Corporation purchased mortgages and issued new ones with extended repayment periods. To assess the risks of buying such mortgages, the HOLC would not only look at the wealth of the neighborhood but also made decisions of aid based on racial biases; Black Americans were seen to be high risk. Additionally, President Roosevelt’s 1934 Federal Housing Administration issued a requirement that only encouraged banks to make loans to suburbs due to the “risks” associated with “adverse influences,… including prevention of the infiltration of… lower class occupancy, and inharmonious racial groups (65).” Though the specific language of the requirement changed to “compatibility among the neighborhood occupants” in 1952, the racist nature of the policy stood with a white man being blacklisted from FHA insurance just six years later for renting his mortgaged home to a Black man. In the building of suburban districts during and after World War II, the FHA would refuse to subsidize developments that were racially integrated or had African Americans in nearby neighborhoods that threatened the uniform racial composition.

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Based on this we can conclude that the mere image of being black is shattered and anywhere you go you will be judged as lower class. The fear created by the media make it seem like if you were to rent your home to a black descent, they’ll destroy your home or yet create a hostile environment and make it uncomfortable to other people. Another fear that sticks around with Africans Americans is that they “promote the gang lifestyle or are anti law enforcement” (Glassner 122). Though the realtor shuns African Americans from renting the homes they would not even rent/sale the home to a black family, even if they were well qualified, with higher incomes, and was willing to pay a higher down payment. From the book The Black Image in the White Mind by Andrew Rojecki and Robert Entman, they present us with white beliefs stating “the media conveys “problematic” images of African Americans even after decades of heightened awareness and vigilance to rid the media of stereotypes”.

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1217 Words | 5 Pages

The United States has had racial capitalism as a defining feature since the reconstruction following the Civil War. Since capitalism's inception, this system has perpetuated the exploitation and marginalization of African Americans, who have systematically been denied access to resources and opportunities. There have been three distinct eras of racial capitalism in America over the past century and a half, each with unique features and implications for African Americans. The first era forced African Americans into a cycle of poverty and vulnerability to violence, marked by the rise of black codes and the establishment of sharecropping during the Gilded Age. The second era, which encompasses both The New Deal and WWII, witnessed the persistence

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888 Words | 4 Pages

Jiovanni Lopez Toni Fannin English 122-5504 27 April 2023 Will Reparations be Enough The question of whether or not the United States government should pay some form of reparations to African Americans is a complicated problem, with strong arguments on both sides. Including arguments from Steven Dubner which he mentioned in “The Pros and Cons of Reparations” podcast. “On one hand, many argue that the United States government has systematically created barriers for African Americans, such as redlining, which denied them access to home ownership and the ability to create generational wealth. As a result, many Black Americans have been unable to accumulate wealth for generations, perpetuating a cycle of poverty and inequality.”

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1141 Words | 5 Pages

Racism hindered many African-Americans from voting, which prevented African-Americans from having an equal voice in the legal system. Also, African-Americans couldn’t own homes, work good-paying jobs, and were not able to receive proper education. Consequently, African-Americans have lived at the bottom

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338 Words | 2 Pages

In America public desegregation of race was not fully implemented until the 1970’s, and the effects of segregation still last to this day. In the 1930’s, federal housing agencies made maps marking neighborhoods where banks should make investments and where they should not, this was called redlining. Instead of basing regions on income, housing agencies marked areas where black people lived as non-viable for investments. Black people were then forced into poverty that caused even more stereotypes regarding their culture. Living in an impoverished area does not mean that the people there are lazy and stupid, there is just a lack of opportunities for them.

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489 Words | 2 Pages

It is explained that Whites are able to acquire homes earlier in life because they statistically face less obstacles than their Black counterparts. Since whites are able to acquire houses earlier in life than Blacks, they are also able to build home equity for long term home ownership as well as financial support from family members. The wage gap also widens by the fact that African Americans face discrimination from real estate agents who steal them towards black neighborhoods. The wealth gap between Blacks and Whites causes different opportunities for both parties. Wealth allows families to invest in their families futures such as higher education.

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529 Words | 3 Pages

If a black person wanted to own a house in a white neighborhood, It would be hard because white people would start to move out. “They would put signs up saying pg4 blacks are coming don’t sell to blacks , blacks are bad. African American

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