On this episode of Broke-ish, Delina talks with Doug Ryan of Prosperity Now. This expert explains why housing has historically been important in wealth-building and explains the types of policies that need to be in place so that Black folks don’t get left out of the wealth-building game through housing. Erika reminds us that in order for things to change, we’ve got to Fight the Power. Nothing is going to get fixed if we do nothing. We’re talking about it on this episode of Broke-ish.
Homework
Start noticing who is running for office. Hold them accountable for the issues that matter to you be writing letters, send emails, contacting them via social media and calling their offices. Now is the time for you to declare what issues are important to you.
Receipts
NYC renters who pay on time should get a credit score boost: report
Authors: Amy Plitt and Tanay Warerkar
Date: October 23, 2017
The Color of Law: A Forgotten History of How Our Government Segregated America
Date: 2017
A ‘Forgotten History’ Of How The U.S. Government Segregated America (npr.com)
Interviewer: Terry Gross
Date: May 3, 2017
New Deal: Relief, Recovery and Reform
Netflix: Explained – The Racial Wealth Gap (video)
The Case for Reparations (The Atlantic)
Author: Ta-Nehisi Coates
Date: June 2014
Restrictive Covenants
- Corrigan v. Buckley: This ruling set the precedent upholding racially restrictive covenants in Washington; soon after this ruling, racially restrictive covenants flourished around the nation. (1926)
- Shelley v Kraemer: The Equal Protection Clause prohibits racially restrictive housing covenants, and that such covenants are unenforceable in court. (1948)
Joint Center for Housing Studies of Harvard University: State of the Nation’s Housing (Harvard University)
Date: 2017
The Racist Housing Policy That Made Your Neighborhood (The Atlantic)
Author: Alexis Madrigal
Date: May 22, 2014
Why Blacks and Hispanics Rely On Their Homes for Their Wealth (zillow.com)
Author: Aaron Terrazas
Date: September 29, 2017
1 in 7 white families are now millionaires. For black families, it’s 1 in 50. (The Washington Post)
Author: Tracy Jan
Date: October 3, 2017
A minimum-wage worker needs 2.5 full-time jobs to afford a one-bedroom apartment in most of the US (Business Insider)
Authors: Hillary Hoffower and Andy Kiersz
Date: June 14, 2018
Fair Housing Act (history.com)
For black Americans, the real estate market that isn’t (news-press.com)
Author: Patricia Borns
Date: February 12, 2018
Sanders’s claim that the African-American community ‘lost half of their wealth’ in the Wall Street collapse (The Washington Post)
Author: Michelle Ye Hee Lee
Date: February 18, 2016
Home buying while black (The Washington Post)
Author: Danielle Douglas-Gabriel
Date: September 7, 2017