Black buyers struggle more to find housing in Bay Area, new
Marisa Kendall
Marisa Kendall
Published April 11, 2018
Buying homes in the Bay Area is already hard enough. Last year Black homebuyers could only afford 10%percent of the houses on market Hispanic buyers the only 12%,but White and Asian home buyers could afford almost 3 times that in San Jose. Those statistics are even more widespread in the San Francisco East Bay area. Black bars could afford% of home and Hispanic buyers could afford 22%, but again Asian and White buyers could afford way more than that. This is caused by what Zillow employee Skyler Olsen says is a huge economic divide between race groups having the black and Hispanic buyers at the bottom of the list. The company Zillow bases it’s analysis on salaries which tends to be low for black and Hispanic household but it is for white and Asian households. These numbers have flow down from generation to generation because races policies that were made in the past that created a disadvantage for black and Hispanic families. The Zillow employee now feels that since we don’t create communities that allow all people with all incomes to live in our community that they are reinforcing the racial stereotypes.I connect this to US history when there was major segregation of races within neighborhoods like Levittown and redlines even though there weren’t strict rules to say that minorities could not live in these areas it was less likely for them too.
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