Black Americans Pay More to Be Homeowners Than Other Groups: MIT

The video discusses racial disparities in housing costs, highlighting that black families pay more due to higher interest rates and property taxes. This financial burden contributes to a significant wealth gap at retirement. The video explores the role of risk-based pricing and policies that exacerbate these disparities, suggesting a shift back to flat pricing. It also examines structural issues and potential policy changes to address these inequalities.

What is the net effect of financial disparities on the average savings of Black families at retirement compared to white families?

In what ways can policies be changed to address the issues faced by Black families in the housing market?

What are the broader structural issues that contribute to housing finance inequality?