GettyI was shocked to find out that the U.S. black homeownership rate isn’t any higher today than when the 1968 Fair Housing Act became law but, somehow, the U.S. black homeownership rate had increased 20% from 1950 to 1970 before housing discrimination was outlawed. Here are some possible explanations for part of the paradox, why the U.S. black homeownership rate isn’t any higher today than when the 1968 Fair Housing Act became law. Just four months after the Fair Housing Act was signed into law, the Housing and Urban Development Act of 1968 was signed into law. Why isn’t the black homeownership rate any higher today than 50 years ago? Whatever the causes, I think the black homeownership rate should be phenomenally higher today.

Source: Forbes May 16, 2019 13:41 UTC