“‘Color-blind’? What’s ‘color’? Can’t you see in the infrared, like everyone else?”
In other words, why grasp at an inherently specious claim when “location, location, location” provides so many compelling answers?
Here’s a question Redfin will never dare to ask out loud: Where do more-prosperous black homeowners buy their homes?
And here is a better lens for understanding the whole gestalt: Ants and Grasshoppers. Majority black neighborhoods will tend also to be majority Grasshopper neighborhoods, more is the pity, where peace, plenty and an undoubted civility will abound in majority Ant neighborhoods.
Looking for a color-blind test of this obvious market principle? The neighborhoods around large tax-funded universities will be overrun with Grasshoppers – students and former students who prefer the party life to, you know, life. Real estate results in those neighborhoods will tend to trail nearby Ant neighborhoods in much the same way Redfin observes in majority black neighborhoods.
Grasshoppers are poor stewards of real estate because they are poor stewards generally. People who invest in real estate in neighborhoods where Grasshopper values are readily apparent should expect poorer results with respect to the market – and especially with respect to majority Ant neighborhoods.
In other news:
CNBC: Existing home sales suffer second straight monthly decline as tight supply pushes prices higher.
The New York Post: Millennials are moving back into awkward teen rooms in record numbers.
The College Fix: I’ve lived in Minneapolis my entire life. I’m leaving Friday. I no longer recognize my hometown.
Breitbart.com: Report: Black Lives Matter Protests ‘Correlate with a 10 Percent Increase in Murders’ in Areas Where They Occur.
Richard Hanania: Why is Everything Liberal? Cardinal Preferences Explain Why All Institutions are Woke.
PJ Media: The End of Basic Education: Biden Issues Universal Public School Critical Race Theory Order.
