Human Geography Urbanization

What is an asset?

• Property owned by a person

• a loan to buy a house

• money you owe

What is a suburb?

• a residential area outside a city

• the value owned in your home

• a community near farms

What is a mortgage?

• to decide what something is worth

• Family or household wealth

• a loan to buy a house

What is an appraisal?

• A value placed on something (like house). Usually by a bank.

• Family or household wealth

• the value owned in your home after the money owed is subtracted

What is equity?

• a financial obligation you have to pay back

• property owned by a person

• The value owned in your home (after the money owed is subtracted)

What is a liability?

• to decide what something is worth

• debt; a financial obligation you have to pay back

• a new housing development

What is debt?

• property owned by a person

• Money you have to pay back

• the value of your home

What was the GI Bill?

• A program for soldiers that gave them benefits after the war. Black GIs were left out.

• A government agency that changed down payment terms.

• A law that gave people new appliances.

What was redlining?

• Using colors on a map to show more "desirable" areas. Red areas were for POC

• Crime rates in an area

• encouraging white homeowners to move

What is segregation?

• A rise in crime.

• Seperation by race.

• A type of public housing