Question

"Closing the Wealth Gap: A Review of Racial and Ethnic Inequalities in Homeownership," Meghan Kuebler

The American Dream of wealth has been historically closely linked to the ability to own a home. Kuebler discusses how owning a home (and yard or associated property) has long been the symbol of achieving the American Dream in society and as a symbol of success. The benefits, including investment in tangible wealth, text breaks, and a chance for assimilation for minorities have been touted for a number of years. The reality is, however, that minorities have had fewer opportunities to become homeowners. The effect of "White flight" on what property is owned by Blacks has a detrimental effect on homeownership, receiving less of the benefits that Whites receive. Hispanic homeownership differs from group to group, but is still subject to discrimination as far as ability to receive mortgages, and thus their level of home ownership is low. Asian Americans have higher rates of homeownership than other ethnic and racial groups (though still less than Whites), but up to 20 percent of them reported suffering from discrimination when attempting to purchase a home.
Compared to Whites, Blacks
a. earn home equity slower
b. earn less overall home equity
c. have a greater risk of returning to renting
d. all of these choices are correct

Answer

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