Housing inequality and residential segregation
The news called “Black Calfornia couple lowballed by $500k in the home
appraisal believe race was a factor”, shares an experience of a Black couple who was
facing discrimination while selling their home in the Bay area of Marin City. The couple
did not have any issues while they were buying their first house in 2016 because it was
owned by another black family. However, when they decided to sell their home which
was recently renovated, they were getting lowballed by roughly $50k. Later, they got to
know that the buyer was an older white woman and she was using words like the
“distinct area” to describe the location of the house which was in Marin City.
This story clearly relates to what we are learning this week. Just because the
couple is black and has a different race, they are being treated harshly/ differently while
they are trying to sell their house in an area where their race is a minority. Also, the stats
show that in the bay area of San Francisco, only 33% of Black residents own a home
compare to 61% of the white residents. This concludes that owning a house for people