This So-Called Post-Post-Racial Life

October 12, 2009

Race and Real Estate “Riots”

Filed under: Uncategorized — Tags: , , — pprscribe @ 10:14 am

…Yet if hard numbers mean anything, the 1970s FHA-HUD Scandal, and not “the riots,” bore well over the lion’s share of responsibility for the decayed buildings and vacant lots that scar urban minority communities.

Take Detroit, for example.

In that city’s 1967 riot, 2,509 buildings were looted and burned. In comparison, the FHA-HUD scandals of the 1970s were responsible for the abandonment and ruin of ten times that number – approximately 25,000 properties.  The scandals, moreover, clearly foreshadowed today’s subprime mortgage crisis that is similarly hitting black families in grossly disproportionate measure.  In both the 1970s and the late 1990s and early 2000s, minority communities that were vulnerable because of decades of state-sanctioned racial discrimination in the granting of credit were suddenly promised a “chance at home ownership”….

~Beryl Satter, Associate Professor of History, Rutgers University;
author of Family Properties: Race, Real Estate, and the Exploitation of Black Urban America

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5 Comments »

  1. Would it be safe to say that racism and prejudice is at the core of many of the problems of the black man?

    Statistics, “gasp”, don’t hate the player, hate the accountant. Hard core numbers “uuuuummm”, facts don’t lie, that’s why they are called facts.

    When I say racism and prejudice, I am looking at a two way street. Having said that, I still believe the prepondance of guilt ways heavily on the side of those in power.

    Having said THAT, tell me PPR_scribe, since you have a connection to the education system, whats at the core of the dismal percentages of black males involved in education. In the USA, less than 2% of teacher are black males. I read that it would take another 45,000 to raise that mark to 3%!

    Help me out, or tell me why my opinion “racism” does not apply in this case. Absent babies daddy, and the lack of male role models is a cry we frequently hear. Black males in the school systems seems to be a perfect place to start. I still remember seeing my first black teacher. I didn’t want to fail her. She made me feel as if I was a part of something.

    Comment by careycarey — October 12, 2009 @ 11:38 am

  2. Carey, I wish I had the magic answers to your questions, but alas, I do not! :)

    WRT Black males, part of this is a broader problem: There are fewer males than females of any race teaching—and this is particularly true the younger the students are. Teaching is and has been “feminized” and most college-going men are steered/choose more lucrative and prestigious occupations.

    That the pool of college-going Black males is so small to begin with is a complicated issue with multiple roots. Certainly discrimination and racism are a part of that.

    I think many of us in education are frustrated, however, by efforts to assign blame. I think many of us just want to work toward achieving results.

    Your statement about your first Black teacher is very poignant. There is nothing more special than being someone’s first teacher (especially first Black teacher but not just that). I cherish the fact that I was that for a few handsful of adults walking around today….

    Comment by pprscribe — October 12, 2009 @ 12:09 pm

  3. That was a very insightful reply. Considering the low gratuation rate of blacks in general, and “money” being the pertinent reasons why many go to college, I can understand your take on this.

    In reference to you being that “first black teacher”, is it possible that you are my long lost first teacher *lol*. Iam just saying, I know the name of my first “male” black teacher …Mr Hayes, but your speech pattern sounds awfully familar :-).

    I know we are not suppose to ask a woman about their age or weight, but ……

    Comment by careycarey — October 12, 2009 @ 1:13 pm

  4. A recently released report showed that the FED had the power to investigate and or regulate banking rules as it applied to predatory lending. Aside from being approached by consumer based special interest groups, they were also approached by individual chairpersons within the FED of the danger associated with the practice. Turns out, the FED knowingly turned a blind eye.

    I guess that’s what’s to be expected when one confuses the FED for an arm of the gov’t, and or a gov’t agency.

    A few weeks ago I wrote a piece centered on Tavis Smiley as being made to be the fallguy for the predatory practices of Wells Fargo. I tried to show how this was way bigger than Tavis, but I think people failed to make the connection.

    Check out this recent Washington Post article on what I mentioned above…

    http://www.washingtonpost.com/wp-dyn/content/article/2009/09/26/AR2009092602706.html?wpisrc=newsletter&sid=ST2009092602937

    Comment by RiPPa — October 12, 2009 @ 1:38 pm

  5. CareyCarey, my former students would be in their 20s now. My sense is that you are a tad older. :)

    RiPPa, the whole history of housing in this ocuntry is a disgrace. Partnered with education, the two main vehicles that we have in the country for advancement to the middle class have always been stacked against too many of us.

    Thanks for the link!

    Comment by pprscribe — October 15, 2009 @ 10:06 am


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