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Know Your Price: Black Property Devaluation In A Nation Built With Our Hands And On Our Backs | Essence

Know Your Price: Black Property Devaluation In A Nation Built With Our Hands And On Our Backs | Essence

African American History, Black History, African American Wealth, Black Wealth, African American Communities, Black Communities, Ghetto, African American Poverty, Black Poverty, KOLUMN Magazine, KOLUMN, KINDR'D Magazine, KINDR'D, Willoughby Avenue, WRIIT,

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. 

See Also
African American Wealth, Black Wealth, African American Economics, Black Economics, Rachel Rogers, KOLUMN Magazine, KOLUMN, KINDR'D Magazine, KINDR'D, Willoughby Avenue, Wriit,

A sustained shortfall of this magnitude isn’t happenstance. It’s formulaic. 

Full article @ Essence

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