Home > Work > Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership
1 " The race for profit in the 1970s transformed decaying urban space into what one U.S. senator described as a “golden ghetto,”7 where profits for banks and real estate brokers were never ending, while shattered credit and ruined neighborhoods were all that remained for African Americans who lived there. "
― Keeanga-Yamahtta Taylor , Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership
2 " The premise of racial liberalism, and postwar liberalism in general, was that the systems and institutions of the country were strong enough to bestow the political, economic, and social riches of American society onto all who were willing to work hard and commit themselves to a better future. In trying to expand homeownership to include Black property owners, racial liberals upheld the “market” as a space impervious to race, where economic fitness, above all, would prevail. "
