Race for Profit deconstructs the policies and industry practices under which Black homebuyers became a new market of mortgagees. Ultimately, Taylor seems to sober the cautioning of her conclusion. Sobering it may be, but I think Race for Profit narrows the information asymmetry between the Black prospective homebuyer, the lender, and the appraiser.
A review of Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership (Keeanga-Yamahtta Taylor).
Recommender/Reference: Boston Review
Related: Homeownership, II (2019)
Related: "Weapons of Math Destruction" (2020)
Related: Real Estate (2019)
Related: New Management, II (2021)
Related: "Dark Cities" (2019)