Blacks are wary of investing in home ownership since the housing crash
The ‘heartbreaking’ decrease in black homeownershipBlacks were one of the victims of the Democrat attempt to get them to buy houses they could not afford leading up to the housing crisis. It is understandable that they don't want to make the same mistake again. I can understand why they would not want to risk their growth in income on an investment that did not pay off for them in the past.
Despite a strengthening economy, including record low unemployment and higher wages for black workers, homeownership levels for that group have dropped incrementally almost every year since 2004.