A Rise In Black Homeownership: What Can Be Done To Extend This Trend (Mindset)

Foreclosure Deals Coach Podcast

One episode away from 100, and we're still as motivated as ever to bring you the best information on real estate and foreclosure investing! Today, we discuss the topic of black homeownership. A recent article noted an increase in the number of black millennial homeowners, and we couldn't be more excited! We talk about the mindset of an investor all the time, but the fact that more young black Americans are embracing a homeowner's mindset points to a better understanding of wealth accumulation in our communities. Comparatively, mortgage approval rates & home buying numbers in the black community have fallen well short of similar figures in non-black communities. There are many factors that contribute to this disparity; some based on prejudice others based on systemic structure. But a lack of financial education and long term vision are two self-inflicted wounds that continue to exacerbate this trend. Listen as Donny delves into the historical significance of this dearth in black homeownership, and be encouraged that platforms like the #ForeclosureDealsCoachPodcast and other real estate educators are giving their listeners tools on how to build wealth through real estate!
Here's a link to the article Donny discussed in today's episode:
More Black Millenials Are Becoming Homeowners
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