Why do Property values decrease when blacks move into a neighborhood? I mean, just one family can reduce the value of every single home by 25% according to my relator.
Because a lot of people are prejudiced and if a black family moves into the neighborhood they would try to leave immediately. If lots of people all try to leave at the same time and maybe fewer people are now willing to move into the neighborhood (because some of the buyers are prejudiced too) then you have both a greater supply of available houses and lower demand for those same houses and so prices go down.
Not sure what a "relator" is or where the info came from. If that where the case I would buy homes for black people wait for the value to drop and then buy the homes up, have the black family move out so the property values would go back up, sell and make a fortune.
If this works I am looking for a capitalistic minded black business partner!
no longer specific what a "relator" is or wherein the suggestions have been given right here from. If that wherein the case i could purchase homes for black persons watch for the magnitude to drop and then purchase the homes up, have the black family circulate out so the valuables values could return up, sell and make a fortune. If this works i'm observing for a capitalistic minded black commerce accomplice! If easiest genuine property have been that straightforward.
Comments
Because a lot of people are prejudiced and if a black family moves into the neighborhood they would try to leave immediately. If lots of people all try to leave at the same time and maybe fewer people are now willing to move into the neighborhood (because some of the buyers are prejudiced too) then you have both a greater supply of available houses and lower demand for those same houses and so prices go down.
Not sure what a "relator" is or where the info came from. If that where the case I would buy homes for black people wait for the value to drop and then buy the homes up, have the black family move out so the property values would go back up, sell and make a fortune.
If this works I am looking for a capitalistic minded black business partner!
If only Real Estate were that easy.
no longer specific what a "relator" is or wherein the suggestions have been given right here from. If that wherein the case i could purchase homes for black persons watch for the magnitude to drop and then purchase the homes up, have the black family circulate out so the valuables values could return up, sell and make a fortune. If this works i'm observing for a capitalistic minded black commerce accomplice! If easiest genuine property have been that straightforward.