Non-whites are buying older houses usually the posher sort and then smartening them up: The growth in home-ownership both drives and feeds off continued gains in wealth.
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At a time when every American seems to be paying for his credit-card debts with home-equity loans, blacks have for better or worse joined the party, helped partly by the fact that single blak man home now mortgage firms outdoor enthusiast looking for friend rely more on colour-blind computers than on sniffy clerks to check up on applicants.
This does not mean that the picture is entirely rosy. Even the richer black buyers are likely to have to pay stiffer interest rates than their white equivalents.
And some people worry that the surge in single black women home-owners could also have an ugly ending. They already spend a higher proportion of their income on housing than their married and male counterparts.Girls Just Want To Get Fucked
A housing crash would be particularly bad for. Join.
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