Black neighborhoods are financially losing investments for homeowners

Evidence

To get their children into a highly rated public school system, John and his wife bought a house in Candler Park, whose population is 88 percent white and less than 5 percent black, and decided to rent out their house in College Park. And that’s when they discovered that owning a home in a black neighborhood was a losing proposition. — Dorothy A. Brown, The Whiteness of Wealth, 202

Categorization

• QUESTION: Why exactly is owning in a black neighborhood a losing proposition? The follow-through is only partly spelled out here; the mechanism behind depressed appreciation in black neighborhoods is a thread worth chasing.