The Undervaluation of Homes Based on Skin Color

TLDRA couple shares their experience of getting their home undervalued because of the color of their skin. They discuss the discrimination they faced during the refinancing process and how they resorted to whitewashing their home to increase its value. The couple emphasizes the need for a new movement to challenge and address this form of racism.

Key insights

🏠A couple's home was undervalued due to their race, revealing systemic discrimination in real estate.

🤝The couple faced discrimination during the refinancing process, despite having invested in their home.

🏘️They resorted to whitewashing their home as an experiment to prove racial bias in appraisals.

💔The couple experienced hurt and frustration when their home was appraised significantly lower than expected.

They call for a new movement to combat housing discrimination and advocate for fair treatment.

Q&A

How did the couple's home end up getting undervalued?

Despite investing in their home and having a steady uptick in the market, the couple's home was appraised at a significantly lower value, which they believe was due to racial discrimination.

What did the couple do to increase the value of their home?

In an effort to prove racial bias in appraisals, the couple experimented with whitewashing their home, removing evidence of their presence and their children's presence.

Did the couple receive a fair appraisal after whitewashing their home?

Yes, a second appraisal conducted after whitewashing the home resulted in a significantly higher value, indicating a potential bias in the initial appraisal.

How did the experience of discrimination affect the couple?

The couple found the experience hurtful and challenging. It made them realize that despite playing by the rules, they were still victims of discrimination.

What do the couple believe needs to happen?

The couple believes a new movement is necessary to address and challenge housing discrimination, aiming to ensure fair treatment for all.

Timestamped Summary

00:00A couple shares their experience of getting their home undervalued because of the color of their skin.

01:45The couple resorted to whitewashing their home to increase its value as an experiment to prove racial bias in appraisals.

02:56A second appraisal conducted after whitewashing the home resulted in a significantly higher value, indicating potential bias in the initial appraisal.

04:47The couple found the experience hurtful and challenging, highlighting the contradiction between progress and enduring discrimination.

07:09The couple emphasizes the need for a new movement to challenge and address housing discrimination.