undervalued

Racial inequality in home values is greater today than it was 40 years ago, with homes in white neighborhoods appreciating $200,000 more since 1980 than comparable homes in similar communities of color. Our new research on home appraisals shows neighborhood racial composition still drives unequal home values, despite laws that forbid real estate professionals from explicitly using race when evaluating a property’s worth. Published in the journal Social Problems, our study finds this growing inequality results from both historical policies and contemporary practices. In the 1930s, the federal government institutionalized a process for evaluating how much a property was worth. Often called redlining, this process used neighborhood racial and socioeconomic composition to determine home valu...

I have varying views about the massive use of celebrity videos, gossip and rumours in today's society. I should start off by saying that I have nothing against the celebrity culture in the western world, I do believe the use of the word 'celebrity' and the connections with it have become undervalued over the years. When I was a kid, a celebrity was a title that was related to people who actually had some kind of distinct achievement, such as explorers, scientists and a select few musicians. In the year 2011 the term 'celebrity' almost had no value at all - like a devalued currency. These days it seems like anyone who vaguely comes close to a television camera is a celebrity. My feeling is that with the large volumes of celebrity videos, photographs and rumours about these people, it has ...

Tag: undervalued

Homes in Black and Latino neighborhoods still undervalued 50 years after US banned using race in real estate appraisals

Has Our Pervasive Interest In Celebrity Videos and Gossip Undervalued Celebrity Culture?