Why the homeownership gap between White and Black Americans is larger today than it was over 50 years ago

For more than 30 years, Parker McAllister’s parents have held onto the Brooklyn, New York, brownstone they purchased in 1985 for about $91,000.

After raising two kids in the home, McAllister’s parents now have three tenants living in their Bedford-Stuyvesant multi-family property so they can keep up with mortgage payments.

For more than 30 years, Parker McAllister’s parents have held onto the Brooklyn, New York, brownstone they purchased in 1985 for about $91,000.

After raising two kids in the home, McAllister’s parents now have three tenants living in their Bedford-Stuyvesant multi-family property so they can keep up with mortgage payments.

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