Black home equity represents roughly two-thirds of all black wealth.
Evidence
That said, black homeowners, too, will lose value in their homes if the mortgage interest deduction goes away. Given that black home equity represents roughly two-thirds of black wealth, this is a concern I take very seriously. (It’s also worth saying that I’m a homeowner myself, so I know I am advocating for a reform that will hurt me financially.) — Dorothy A. Brown, Getting to Reparations, 1289
Categorization
- XREF: Core data point for the reparations brief: the magnitude of what’s at stake in homeownership reform for black Americans.