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Segregation, redlining, deed restrictions, exclusionary zoning, the deliberate hollowing out of urban cores — have had the net effect of eroding the quality of life in many majority-black neighborhoods nationwide. They wanted to isolate the effects of racism alone — to peel off all the other explanatory variables until they could “detect how much racism depletes wealth from black homeowners,” as they put it. In the end, they were left with one number: $48,000.The paper teases out important downstream consequences of black home devaluation. Metro areas with more devaluation tend to be more racially segregated. Children growing up in those areas are also less.
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