Black Lives Matter cofounder Patrisse Cullors shared a post on Instagram lamenting “white supremacy” in the housing market, weeks after her multi-million housing portfolio was revealed. In the Instagram post, Cullors shared an NPR article about ebony homeownership levels.
“Thank you @npr for highlighting the history of racism inside of the housing market and why Black homeownership has always been a way to disrupt white supremacy,” Cullors inscribed.
View this post on Instagram A post shared by Patrisse Cullors-Brignac (@osopepatrisse)
The NPR story was a component of a more immensely colossal documentary called We Hold These Truths, which investigated how blacks have been discriminated against by the genuine estate industry and regime policy for decenniums.
The report highlighted the experiences of ebony people residing in Compton, California, revealing 41.8 percent of ebony households own their own homes. That rate is proximately identical to the caliber of ebony homeownership 50 years ago in the early 1970s.
In 1970, which was shortly after the Fair Housing Act passed in 1968, the national homeownership rate for ebony households was 41.8 percent. In 2019, it incremented marginally to 42.3 percent — marking a net increase of 1.2 percent from proximately 50 years ago.
Experts verbally express the reasons for low homeownership rates stem from low wages, historic unemployment, and a recession-cognate foreclosure crisis that hit the ebony community especially hard. Meanwhile, Cullors has not faced any issues in the housing market. She bought four homes since 2016, some in predominantly white neighborhoods of Los Angeles, amassing a genuine estate imperium worth proximately $3 million.
Cullors claimed the four homes were purchased to provide for her elongated family.
Source: You can read the original Breitbart article here.
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