It isn’t the government, it is the ‘free’ market so can’t be systemic. So what is it?

A Black family in Seattle got their home appraised: $670,000.

3 weeks later, they took down their family photos and African art. A white neighbor stood in for the family when a new appraiser arrived.

New value: $929,000.

https://twitter.com/bymikebaker/status/1592596721565339648

Someone should come up with a term.

Just to be clear. Having access to whiteness got this family ~$260k.

I wonder if that would improve their lives and their children’s lives.

I bet this is a one off.

It doesn’t happen every single day in varying degrees.

Bankers are racist assholes that can’t be trusted. In other news today, scientists say water is wet.

damn.. googled for "racial disparities in home appreciation"

definitely not a new thing just being noticed :/

I wanna know what the "libertarian solution" is?

As I recall, for policing it was to privatize the cops.

I get the impulse to call it racism, but how is inter-rater reliability when it comes to appraisals generally? If we’re seeing these kinds of disparities between appraisals when the race of the owner doesn’t change, it’s not racism, it’s a shitty industry with no objective standards.
ETA: also the article makes it sound like 2 houses nearby also sold in the three weeks between appraisals. That can drastically change one.

This is what courts are for. Of course you have to prove it's racism. Good luck.

so, a system that's stacked by what you've just gloatingly identified as an unattainable burden of proof on the aggrieved?

although, there's the out that it's all about the appraiser's opinions and "what the market will bear".
Of course that's a good argument for regulation of a highly speculative market where individuals are increasingly competing with investment trusts, along with a price ceiling...

adequate shelter is considered a right not just by the UN and most individual nations, but a couple of states as well.

C'mon man, there are no objective standards in valuation. Never have been. It's worth what people will pay for it, period. The only way that changes is explicit regulation, and even that is constantly behind the curve.

So back to your first point, yes, it's racism. It may not be indicative of whether or not the person making the offer disdains black people as friends or for culture or even idolizes their entertainers or sports stars. But if he gives a low ball offer just because they are black that specific act is racist.

This kind of crap happens all the time. Why, I knew this guy, Southerner. Dated a black chick while he was in college. But after he'd had his fun and it was time to settle down and be respectable, he dumped her and married a white chick.

Of course, but you can't use that hypothetical as proof that's what he's doing; it's begging the question.

That’s why I said up thread that it would be hard to prove in court if they tried to sue.