Coronavirus , racial tensions and climate disasters have combined to worsen already deep housing inequalities, with far more Black and Hispanic Americans falling behind in rents and mortgages than their white counterparts, a key report said on Thursday. The COVID-19 pandemic put people out of work, racial unrest exposed inequity and extreme weather linked to global warming is worsening, said the study by Harvard University's Joint Center for Housing Studies (JCHS). More Black and Hispanic workers than white workers have lost their jobs, creating a growing inability to make their housing payments and exacerbating an already severely unequal system, it said. This year, 23% of Black renter households and 20% of Hispanic renter households were behind on rent as of September, compared with 10% of white renter households, the report said. McCue warned that the housing industry faces threats from the growing impact of climate change.

Source: Mint November 19, 2020 04:52 UTC