Tag: home equity
I am neither Black nor Hispanic but can relate in one small way to the difficulty so many people of color have coming up with a down payment for a house. Years ago, as a single person, I didn’t have the cash for a down payment either. But I was able to borrow $10,000 from…
Homeownership is one of the largest sources of retirement wealth for most households and is promoted as a key tool for wealth accumulation. However, a long history of discrimination in the housing market has constrained the ability of Black households to accumulate housing wealth relative to their White counterparts. Consequently, Black households approaching retirement…
