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Cargando... Family Properties: Race, Real Estate, and the Exploitation of Black Urban Americapor Beryl Satter
   Ninguno Actualmente no hay Conversaciones sobre este libro.   pollycallahan | Jul 1, 2023 |  The mortgage lenders, including the Federal Housing Administration, so-called "redlined" certain neighborhoods which were occupied by blacks or susceptible of such occupation. Redlining meant literally drawing red lines on a map and that mortgages were hard to come by inside those redlined areas. In the meantime, real estate agents sometimes spread panic in white areas by saying that the neighborhood was going to be overrun; sometimes known as 'blockbusting.' Notwithstanding the redlining, however, banks would make mortgage loans to the speculators. The outcome of all this was that (1) panicking white owners sold out at low prices to speculators, some of whom were real estate agents or in cahoots with the agents, (2) black buyers purchased property from the speculators at much higher prices in these areas and the purchases were frequently based on contracts to buy as opposed to mortgages. Compared to mortgages, contracts to buy confer few legal rights on the debtor if he/she/they were to fall behind by the least bit on monthly payments and led to quick foreclosures. All-in-all, not a proud moment in American urban history. Further information related to the book and the situations described in it is here. This is a well written, not often told human story on a location specific basis, told in an unusual and interesting way. An Atlantic Magazine video on the same subject. (  )3  bookblotter | Feb 3, 2010 | sin reseñas | añadir una reseña
Part family story and part urban history, this work is a landmark investigation of segregation and urban decay in Chicago, and in cities across the nation. The "promised land" for thousands of Southern blacks, postwar Chicago quickly became the most segregated city in the North, the site of the nation's worst ghettos and the target of Martin Luther King Jr.'s first campaign beyond the South. In this book, the author identifies the true causes of the city's black slums and the ruin of urban neighborhoods throughout the country. It is not, as some have argued, black pathology, the culture of poverty, or white flight, but a widespread and institutionalized system of legal and financial exploitation. This is an account of a city in crisis; unscrupulous lawyers, slumlords, and speculators are pitched against religious reformers, community organizers, and an impassioned attorney who launched a crusade against the profiteers, the author's father, Mark J. Satter. At the heart of the struggle stand the black migrants who, having left the South with its legacy of sharecropping, suddenly find themselves caught in a new kind of debt peonage. The author shows the interlocking forces at work in their oppression: the discriminatory practices of the banking industry; the federal policies that created the country's shameful "dual housing market" ; the economic anxieties that fueled white violence; and the tempting profits to be made by preying on the city's most vulnerable population. This tale of racism and real estate, politics and finance, will forever change our understanding of the forces that transformed urban America. No se han encontrado descripciones de biblioteca. |
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 Google Books — Cargando...GénerosSistema Decimal Melvil (DDC)363.5Social sciences Social problems and services; associations Other social problems and services HousingClasificación de la Biblioteca del CongresoValoraciónPromedio: (4.1)
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