How many people have houses that have been in the family for generations though?
How many have a house they acquired thru inheritance?
Do your parents own their home? What are the plans when they die? Does it stay in the family? It's it sold? Rented out?
I just recently took a course about racism.
The instructor (and the book) basically said that that's the #1 discrepancy between Blacks and Whites in America. It goes all the way back to our grandparents and great grandparents.
Back in the 50s and 60s things were easier for White people. That's indisputable. I doubt there's a White person in America that would dispute that.
So what was happening was after WWII the government created a G.I. Bill. Basically the automobile was perfected, they built all of the roads and highways, and had unlimited resources. They could go to Africa or South America or wherever and get whatever they wanted; lumber, rubber, gas, etc.
Prior to WWII people either lived in cities or on farms. The suburbs hadn't been built yet. So after WWII they built the suburbs. If you were a White veteran they'd set you up in the suburbs with a job so you could afford to pay your mortgage.
Things were different for Black people. Rather than building suburbs for Black people to live in, they created the projects. A building, or set of buildings for people with low income. And the beauty of it was that it was affordable for anybody. They just wanted 1/3 of whatever you're making. So if you were a janitor or a cashier at McDonalds they'd take 1/3 of what you make and you can live in an apartment in the projects. But that leads to complacency. There's no reason to get out because the cost of living in the projects is so low/affordable.
That was in the 50s. Our grandparents and great grandparents generation. Those white grandparents passed their homes down to their children, who passed it down to their children.
But Black people in the projects had nothing to pass down because they didn't own the projects. They just lived there.
Now in 2020 the biggest discrepancies between Whites and Blacks
isn't income, it's inheritance. On average, Black people inherit nothing when their parents die. Nada.
When White people die they usually pass down their home to their children.
And that's one of the biggest disparities between Whites and Blacks in America.
And it was planned out from the start.