Racial violence forced black property sales at prices far below fair value

Evidence

Uncle Billy and Aunt Lucille sold their home in January 1955 for 2,514.23. They had purchased the property in March 1950 for 650. Was that a fair price, given that he had to sell? Stripping property from black people was often at the root of racial violence, as you will discover in this book. But leaving money on the table when they sold their home in a hurry was better than the alternative. At least my great-aunt and great-uncle lived to tell their story. — Dorothy A. Brown, Getting to Reparations, 40

Categorization

  • ADDENDUM: Directly supports the strip-of-property mechanism central to the reparations-as-accounting argument.
  • XREF: connects to: Everyday harassment failing to force black homebuyers out escalated whites toward lethal violence. — Kevin M. Kruse, White Flight: Atlanta and the Making of…, 126