Currently a black family making $100k will live in roughly
the same area as a white family making $30k.
I've heard this figure several times and no one using it has yet cited a source for this. Could you please provide a citation for this figure and any secondary sources that study primary sources attempting to explain this disparity.
I don't doubt this figure could exist at some time pre-1990, but I don't understand how this could possibly be the case since the start of the housing bubble that burst in 2008 in which many many firms pretty much threw out all prejudices in the pursuit of money as people tried to source any and all loans to sell Wall Street. They not only threw out prejudices, they actively overlooked issues that might correlate with and work against some identity groups like credit rating and earning power.
>Patrick Sharkey, a sociologist at New York University, studied children born from 1955 through 1970 and found that 4 percent of whites and 62 percent of blacks across America had been raised in poor neighborhoods. A generation later, the same study showed, virtually nothing had changed.
>Sharkey’s research shows that black families making $100,000 typically live in the kinds of neighborhoods inhabited by white families making $30,000.
I don't doubt this figure could exist at some time pre-1990, but I don't understand how this could possibly be the case since the start of the housing bubble that burst in 2008 in which many many firms pretty much threw out all prejudices in the pursuit of money as people tried to source any and all loans to sell Wall Street. They not only threw out prejudices, they actively overlooked issues that might correlate with and work against some identity groups like credit rating and earning power.