What’s the value of black lives when it comes to housing discrimination? A Brooklyn property developer answered that question recently when writer D. W. Gibson spoke with him for New York magazine about his real-estate management practices:
“The average price for a black person here in Bed-Stuy is $30,000 dollars. Up over there in East New York, it’s $10,000 dollars.”
This is how much it would cost to pay off African-American residents to leave a building that he (given the alias Ephraim in the piece so he could speak candidly) wanted to develop. The buyout, Ephraim explains, is so he can replace them with white tenants. The reason for this is that white tenant prospects had gotten “riled up” at the thought of having to live next to black people, he told Gibson.
[For more of this story, written by Brentin Mock, go to http://www.citylab.com/housing...-segregation/393188/]
Comments (0)