Why are houses much cheaper in areas that have a higher percentage of african americans than thos containing caucasians
2006-12-16 11:17:38 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Because of reputation.
2006-12-16 12:43:17 · answer #1 · answered by cabhite 2 · 0⤊ 0⤋
Your question is politically incorrect (in that it insults some folks). But to give you a generic idea, you'd have to simply look at the income levels between races. The less money you make, the less you can buy. If you buy cheap houses, you'll get cheap value. Mind you, your area may sprout and get appreciation (like what people are seeing now with coastal areas).
2006-12-17 02:12:31 · answer #2 · answered by John Rosa 3 · 0⤊ 0⤋
You might want to try to get the answer to your question directly from the governmental department that regulates these kinds of issues here is their link
http://www.hud.gov/offices/fheo/FHLaws/FairHousingJan2002.pdf Happy Holidays and Buena Suerte
2006-12-16 19:23:23 · answer #3 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋
I've been in neighborhoods, where black people live. The houses cost $400k-500k plus.
2006-12-16 19:24:24 · answer #4 · answered by newyorkgal71 7 · 0⤊ 0⤋