«According to the #BrookingsInstitute, homes in Black neighborhoods are valued at 23% less than those in non-Black neighborhoods despite having similar quality and amenities.
Advocates for #Black homeowners say this bias contributes to the #RacialWealthGap because it limits the financial returns of real estate for Black families.»
https://www.cnn.com/2023/04/15/us/real-estate-appraisals-bias-reaj/index.html
#brookingsinstitute #black #racialwealthgap
Now, sometimes people in senior roles stick around because they disagree with their bosses and want to mitigate the harm of their bosses' policies.
That's not why Eberly took the job. In 2014, she and Arvind Krishnamurthy co-wrote a #BrookingsInstitute paper called "Efficient Credit Policies in a Housing Debt Crisis," that explained why Geithner had it right all along - bailing out the banks and leaving homeowners in foreclosure is "efficient":
https://www.brookings.edu/wp-content/uploads/2016/07/fall2014bpea_eberly_krishnamurthy.pdf
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