Neighborhood racial composition drives home appreciation and tax outcomes.

Evidence

Numerous studies show when too many of your neighbors are black, your home will not appreciate the way it would if you lived in an all-white neighborhood, and you may lose money when you sell, just as John did on his Feldwood Road property. When your neighbors are virtually all white, you are most likely to make tax-free money when you sell your home—again, just as John probably would, based on the rising value of his Candler Park home. — Dorothy A. Brown, The Whiteness of Wealth, 208

Categorization

• XREF: Echoes redlining and FHA history from Chapter 2, and connects to the deceased-white-homebuyer-preference literature on racialized valuation. — connects to: Financial loss aversion outweighed racial solidarity in fleeing neighborhoods — Kevin M. Kruse, White Flight: Atlanta and the Making of…, 230