Why do property values go down when a neighborhood changes from white to nonwhite|Course hero helper

Posted: March 5th, 2023

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After viewing “The House We Live In”, please answer the following questions:

· Why do property values go down when a neighborhood changes from white to nonwhite? Who plays a role in this?

· What happens to measures of racial disparities in places like education and welfare rates when groups of similar income AND wealth are compared?

· How did European “ethnics” become white? What changes made this possible?

 

SOLUTION

Property values often go down when a neighborhood changes from white to nonwhite due to a combination of factors, including racial prejudice and discrimination, economic disinvestment, and government policies. Homeowners may be motivated by racial prejudice to sell their homes at a lower price, and prospective buyers may be deterred by the presence of nonwhite residents, leading to a decrease in demand and property values. Additionally, banks and other financial institutions may engage in redlining, which involves denying or limiting access to credit and financial services in nonwhite neighborhoods, further exacerbating economic disinvestment and property value decline

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