Black homebuyers consistently lost money during the housing cycle regardless of purchase timing

Evidence

A different study of home sales to lowand moderate-income households between 2000 and 2010—a period that includes the Great Recession—showed that white families gained or lost money depending on when they purchased, but black families consistently lost money, regardless of timing. Homebuying is statistically more likely to lead to a nondeductible loss if you are black than if you are white. — Dorothy A. Brown, Getting to Reparations, 1278

Categorization

• SHARE: Hard stat to send to anyone working in housing policy or real estate — black families lost money regardless of timing while whites gained or lost by timing.