Home equity forms two-thirds of black American net worth.

Evidence

The solution isn’t for black Americans to avoid homeownership completely and stay in the (nondeductible) rental market forever, however. The path to black homeownership is filled with complications and setbacks, yet it can still yield important rewards. The net worth of black homeowners is significantly greater than that of renters, specifically because of the equity found in their homes. While home equity makes up only 38 percent of net worth for white Americans, for black Americans, it’s 66 percent. So how can we make homeownership more equitable and profitable for black Americans? — Dorothy A. Brown, The Whiteness of Wealth, 228

Categorization

• QUESTION: A concrete, citable data point (38% vs 66%) for the reader’s four-tax-provisions argument.