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Black and Hispanic home ownership diverges....
Posted on: July 15, 2019 at 16:57:11 CT
MUTGR MU
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https://www.wsj.com/articles/black-homeownership-drops-to-all-time-low-11563183015
"While Hispanic homeownership rate is on the rise, the black homeownership rate has fallen 8.6 percentage points since its peak in 2004, hitting its lowest level on record in the first quarter of this year, according to census data.
This divergence marks the first time in more than two decades that Hispanics and blacks, the two largest racial or ethnic minorities in the U.S., are no longer following the same path when it comes to owning homes."
There is a general assumption that demographics will lead to a permanent democrat majority - some say it's already happened.
But the assumption is blacks and Hispanics will always vote together. Not so sure that will be the case going forward. I see the parties splintering in future years and you may see groups converge at least on issues that seem unlikely now.
"While Hispanic homeownership rate is on the rise, the black homeownership rate has fallen 8.6 percentage points since its peak in 2004, hitting its lowest level on record in the first quarter of this year, according to census data.
This divergence marks the first time in more than two decades that Hispanics and blacks, the two largest racial or ethnic minorities in the U.S., are no longer following the same path when it comes to owning homes."
There is a general assumption that demographics will lead to a permanent democrat majority - some say it's already happened.
But the assumption is blacks and Hispanics will always vote together. Not so sure that will be the case going forward. I see the parties splintering in future years and you may see groups converge at least on issues that seem unlikely now.
Please explain why this message is being reported.
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Black and Hispanic home ownership diverges.... - MUTGR MU - 7/15 16:57:11
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