Explaining the Cycle of Systemic Vacancy
Center for Community Progress
AUGUST 24, 2023
Predatory lending in the leadup to the 2008 mortgage crisis overwhelmingly targeted Black and Brown people who were promised that homeownership was the ticket to building generational wealth. The global financial crisis in 2008 was also a major trigger for many communities. As a result, more people move out and fewer move in.
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