Dr Francis Welsin Posted January 16, 2022 Report Share Posted January 16, 2022 I am not talking about gentrified areas and even then on average, black people dont get offered much for their homes. In general, when I look up homes in the Black community, most of the homes cap at 300 to 350k. Does anyone know why? Link to comment Share on other sites More sharing options...
Mzuri Posted January 16, 2022 Report Share Posted January 16, 2022 ************************************************************************************ 3 hours ago, Dr Francis Welsin said: When I look up homes in the Black community, most of the homes cap at 300 to 350k. @Dr Francis Welsin What area are you referring to? There are appraisal gaps between white-owned homes and Black ones, but if there is a cap at $350K, you must be referring to a particular area. Some Black-owned homes, in Atlanta for example, sell for upwards of a million dollars, I'm not sure whether being Black-owned is reflected in their appraised price as opposed to white homes. As to the reason for this price discrepancy, the obvious answer is that whitey doesn't want to live in a house that was lived in by Blacks, therefore he isn't going to pay as much. BTW, I am very interested in this topic because I am planning to sell one of my homes in the near future. ************************************************************************************ Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now