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Unformatted text preview: South Asians that were already citizens lost their citizenship and privilege o The film The house I live in was about national unity o Federal housing Act gave loans to people to purchase a house Before then you had to pay up 50% down Now you could purchase it 20% and the bank has 80% and pay it over 30 years o Levitt town: single family homes that all look the same Mortgage payments were $65 /month vs 100-150 o Urban renewal 2/3 displaced were black or Latino o Blockbusting: Real estate agents will buy houses from home-owners and then sell it to non-whites for a much higher price o Whites leaving causes property value lowering, not Blacks moving in o Housing available for non-whites was mostly rental You dont gain equity by renting o The average black family has 1/8 the assets of the average white family...
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- Fall '08