Exam 8: Inequality in Housing and Wealth

One of the primary factors responsible for inequality in the wealth portfolios of Black and White families in the United States is disparities in healthcare costs.

Discuss two specific reasons that Whites tend to have more wealth than African Americans. Do you think "asset-based social policies" could effectively reduce racial wealth disparity? Why or why not?

Specify one way in which America's legacy of residential segregation has shaped wealth inequality between Blacks and Whites today.

Policies, such as the National Association of Real Estate Boards' guidelines which prevented realtors from selling homes to non-Whites in White areas, are an example of:

Racial disparities in lending practices are almost entirely due to lower credit scores among Black and Latinx applicants.

Native American homeowners were much more likely than Blacks to receive loans with unfavorable conditions such as prepayment penalties and high interest rates.

Which best describes how racial inequities manifest in mortgages for homeownership?

Thomas Shapiro, Tatjana Meschede, and Sam Osoro published a study that attributed the wealth gap to five factors, including years of homeownership, household income, years of unemployment, inheritances, and:

Explain why, between 2007 and 2009, African Americans and Latinxs were twice as likely as Whites to undergo housing foreclosures. How might you argue that these disparities in housing foreclosure are shaped by the legacy of the U.S. government housing policies passed between 1933 and 1978?

Define residential segregation. Explain how racial violence, racially restrictive covenants, steering, and FHA guidelines led to residential segregation in the United States.

Why did the housing crisis hit Blacks and Latinxs harder than Whites?

Racial violence against Blacks who tried to move into White neighborhoods continued well after the civil rights movement of the 1960s.

Which group(s) was/were most likely to receive a subprime loan during the 1990s?