By Carla Bell, Essence
Andre Perry, author of ‘Know Your Price: Valuing Black Lives and Property in America’s Black Cities,’ speaks on Black displacement and structural violence.
In 1860 Black bodies held captive on American soil represented a White collective real property value of more than $3 billion, roughly $93.5 billion today.
Currently, real property held by Black people in the U.S., typically the descendants of enslaved Africans, shows a cumulative national devaluation of $156 billion. That’s an average loss of $48,000 per home in majority-Black neighborhoods across America.
A sustained shortfall of this magnitude isn’t happenstance. It’s formulaic.
Full article @ Essence