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Know Your Price: Black Property Devaluation In A Nation Built With Our Hands And On Our Backs | Essence

African American Wealth Posted by: KOLUMN Magazine

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Know Your Price: Black Property Devaluation In A Nation Built With Our Hands And On Our Backs | Essence

By Carla Bell, Essence

Andre Perry, author of ‘Know Your Price: Valuing Black Lives and Property in America’s Black Cities,’ speaks on Black displacement and structural violence.

In 1860 Black bodies held captive on American soil represented a White collective real property value of more than $3 billion, roughly $93.5 billion today.

Currently, real property held by Black people in the U.S., typically the descendants of enslaved Africans, shows a cumulative national devaluation of $156 billion. That’s an average loss of $48,000 per home in majority-Black neighborhoods across America. 

A sustained shortfall of this magnitude isn’t happenstance. It’s formulaic. 

Full article @ Essence