Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership by Taylor, Keeanga-Yamahtta
Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership by Taylor, Keeanga-Yamahtta

Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership

LONGLISTED FOR THE 2019 NATIONAL BOOK AWARDFINALIST, 2020 PULITZER PRIZE IN HISTORYBy the late 1960s and early...
$65.86 SGD
$65.86 SGD
SKU: 9781469653662
Product Type: Books
Please hurry! Only 330 left in stock
Author: Keeanga-Yamahtta Taylor
Format: Hardcover
Language: English
Subtotal: $65.86
10 customers are viewing this product
Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership by Taylor, Keeanga-Yamahtta

Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership

$65.86
Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership by Taylor, Keeanga-Yamahtta

Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership

$65.86
Author: Keeanga-Yamahtta Taylor
Format: Hardcover
Language: English
Description
LONGLISTED FOR THE 2019 NATIONAL BOOK AWARD
FINALIST, 2020 PULITZER PRIZE IN HISTORY

By the late 1960s and early 1970s, reeling from a wave of urban uprisings, politicians finally worked to end the practice of redlining. Reasoning that the turbulence could be calmed by turning Black city-dwellers into homeowners, they passed the Housing and Urban Development Act of 1968, and set about establishing policies to induce mortgage lenders and the real estate industry to treat Black homebuyers equally. The disaster that ensued revealed that racist exclusion had not been eradicated, but rather transmuted into a new phenomenon of predatory inclusion.

Race for Profit uncovers how exploitative real estate practices continued well after housing discrimination was banned. The same racist structures and individuals remained intact after redlining's end, and close relationships between regulators and the industry created incentives to ignore improprieties. Meanwhile, new policies meant to encourage low-income homeownership created new methods to exploit Black homeowners. The federal government guaranteed urban mortgages in an attempt to overcome resistance to lending to Black buyers - as if unprofitability, rather than racism, was the cause of housing segregation. Bankers, investors, and real estate agents took advantage of the perverse incentives, targeting the Black women most likely to fail to keep up their home payments and slip into foreclosure, multiplying their profits. As a result, by the end of the 1970s, the nation's first programs to encourage Black homeownership ended with tens of thousands of foreclosures in Black communities across the country. The push to uplift Black homeownership had descended into a goldmine for realtors and mortgage lenders, and a ready-made cudgel for the champions of deregulation to wield against government intervention of any kind.

Narrating the story of a sea-change in housing policy and its dire impact on African Americans, Race for Profit reveals how the urban core was transformed into a new frontier of cynical extraction.



Author: Keeanga-Yamahtta Taylor
Publisher: University of North Carolina Press
Published: 10/21/2019
Pages: 368
Binding Type: Hardcover
Weight: 1.40lbs
Size: 9.44h x 6.49w x 1.15d
ISBN: 9781469653662


Award: Pulitzer Prize - Finalist
Award: National Book Awards - Nominee


Review Citation(s):
Library Journal 10/01/2019 pg. 113
Foreword 10/26/2019
Choice 04/01/2020

About the Author
Taylor, Keeanga-Yamahtta: - Keeanga-Yamahtta Taylor is assistant professor of African American studies at Princeton University and author of From BlackLivesMatter to Black Liberation and How We Get Free: Black Feminism and the Combahee River Collective.
Shipping & Return

Returns Policy

You may return most new, unopened items within 30 days of delivery for a full refund. We'll also pay the return shipping costs if the return is a result of our error (you received an incorrect or defective item, etc.).

You should expect to receive your refund within four weeks of giving your package to the return shipper, however, in many cases you will receive a refund more quickly. This time period includes the transit time for us to receive your return from the shipper (5 to 10 business days), the time it takes us to process your return once we receive it (3 to 5 business days), and the time it takes your bank to process our refund request (5 to 10 business days).

If you need to return an item, simply login to your account, view the order using the "Complete Orders" link under the My Account menu and click the Return Item(s) button. We'll notify you via e-mail of your refund once we've received and processed the returned item.

Shipping

We can ship to virtually any address in the world. Note that there are restrictions on some products, and some products cannot be shipped to international destinations.

When you place an order, we will estimate shipping and delivery dates for you based on the availability of your items and the shipping options you choose. Depending on the shipping provider you choose, shipping date estimates may appear on the shipping quotes page.

Please also note that the shipping rates for many items we sell are weight-based. The weight of any such item can be found on its detail page. To reflect the policies of the shipping companies we use, all weights will be rounded up to the next full pound.

Review

Related Products

Example product title
$65.86 SGD
$65.86 SGD
Example product title
$65.86 SGD
$65.86 SGD
Example product title
$65.86 SGD
$65.86 SGD
Example product title
$65.86 SGD
$65.86 SGD
Example product title
$65.86 SGD
$65.86 SGD
Example product title
$65.86 SGD
$65.86 SGD
Example product title
$65.86 SGD
$65.86 SGD
Example product title
$65.86 SGD
$65.86 SGD
Example product title
$65.86 SGD
$65.86 SGD
Example product title
$65.86 SGD
$65.86 SGD

Recently Viewed Products