Many of the blacks who have seemed to profit from black politics are now losing it all back big time in property value losses. Haggai 1:5 - 6 - Now this is what the Lord Almighty says: “Give careful thought to your ways....You earn wages, only to put them in a purse with holes in it.” African Americans were able to build some wealth as they moved to suburbs in large numbers beginning in the 1980s. That migration helped transform Prince George’s VA from a semi-rural, predominantly white county into a center of black political power and a magnet for a fast-expanding black middle class. The county became home to thousands of black-owned businesses, including many government contractors, and for the past two decades its political leadership has been largely African American. But in places such as Prince George’s County, where many people chose to live at least in part because of the comfort and familiarity they felt in a majority-black community, that meant their home brought them less wealth than if they had purchased elsewhere, economists say. Many researchers say the biggest portion of the wealth gap results from the strikingly different experiences blacks and whites typically have with homeownership. Most whites live in largely white neighborhoods, where homes often prove to be a better investment because people of all races want to live there. Predominantly black communities tend to attract a narrower group of mainly black buyers, dampening demand and prices, they say. washingtonpost/sf/investigative/2015/01/24/the-american-dream-shatters-in-prince-georges-county/
Posted on: Sun, 25 Jan 2015 21:35:08 +0000
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