when blacks or hispanics begin moving into a neighborhood, WHITE homebuyers "perceive" that the neighborhood is in decline and choose not to move there. Residents fearing that property valves go down start away. Once residents leave, the consequent decline in prices fall. Blacks and hispanics are not large enough to sustain the market demand. As the market changes, poor people start to move in. WHITE residents take their wealth with them. when a community's wealth disappears, resources become UNDERFUNDED. As communities get poorer, police protection begins to decline meaning HIGH POVERTY AND CRIME RATES. Then companies start dumping hazardous things in the communities because of low safety measures.
So, it is not minorities that make property valves drop, it is WHITE FLIGHT!
2007-03-23
17:38:03
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23 answers
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asked by
lolo_hackey
1