Black homeownership actually raised property values in Mozley Park

Evidence

However, in Mozley Park, some of the largest increases were found on blocks with the longest history of black occupancy. For instance, the four blocks straddling Mozley Drive, the street where the “transition troubles” first began, showed price increases of 17, 20, 42, and 50 percent over the decade. By comparison, on blocks to the south—blocks that underwent transition later and stood even farther removed from the Ashby Street enclave—homes of almost identical 1950 appraisal values only showed increases of 6, 12, and 16 percent over the same period. By all objective measurements, the transition of property from white to black ownership did not lower its value but raised it instead. White assumptions that black ownership would automatically lower home prices reflected not the realities of the free market as a whole, but an artificial market that segregated not just white and black homes by race, but white and black buyers as well. — Kevin M. Kruse, White Flight, 179

Categorization

  • XREF: This counters the red-lining premise documented at location 144 and generalizes to modern claims that integration depresses values; the reader’s work on color-blind conservatism should carry this reversal. — connects to: City neglect of black neighborhoods was misread by whites as black-caused decay — Kevin M. Kruse, White Flight: Atlanta and the Making of…, 180; Federal housing policy institutionalized the equation of black occupancy with falling property values — Kevin M. Kruse, White Flight: Atlanta and the Making of…, 144; Black-owned banks broke the segregationist lending embargo in Mozley Park — Kevin M. Kruse, White Flight: Atlanta and the Making of…, 162 (+7 more)
  • DEEPTHINKING: The reframing — that the ‘declining value’ was real only under a slanted market that segregated buyers by race — reconceives property value itself as socially constructed through segregated demand.

Broader Connections