Sunday, June 22, 2014

Some Of Us Sacrifice More To Stay In Home Sweet Home : Code Switch : NPR

Some Of Us Sacrifice More To Stay In Home Sweet Home : Code Switch : NPR: If it seems like we talk about housing a lot on Code Switch, it's because we do. But the fact is it's really hard to talk about all the ways race correlates to different outcomes — in health or education, say— without talking about where people live. Take household wealth, for example: The major reason whites have so much more of it is because of how much likelier they are not just to own homes, but to own homes in places where that property might appreciate in value. (Alas, that state of affairs was hardly an accident, while other, harder-to-detect fetters to housing for people of color still shape the market.)

It is not surprising that while many Americans are less than sanguine about the housing market, blacks and Latinos are particularly pessimistic. New research from the MacArthur Foundation found that respondents from those groups were much more likely than whites to say that the housing market was a serious problem for them.