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# $156 Billion in Lost Value
- URL: https://birchtree.me/blog/156-billion-in-lost-value/
- Published: 2020-08-28T12:00:00.000Z
- Updated: 2020-08-28T12:00:00.000Z
- Author: Matt Birchler
- Tags: Links, #Import 2023-06-01 22:41, #Import 2025-03-29 19:29

[The devaluation of assets in black neighborhoods](https://www.brookings.edu/research/devaluation-of-assets-in-black-neighborhoods/?ref=birchtree.me)

> This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

And:

> This analysis finds a positive and statistically significant correlation between the devaluation of homes in black neighborhoods and upward mobility of black children in metropolitan areas with majority black neighborhoods.

If you’re looking for a dry weekend read, download the PDF of the full 2018 report to get full citations and many more details on the methodology.