Current Events > Black owned House appraises at double the value when seller is White

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Everyonedies
05/14/21 1:11:01 PM
#1:


Carlette Duffy felt both vindicated and excited. Both relieved and angry.
For months, she suspected she had been low-balled on two home appraisals because she's Black. She decided to put that suspicion to the test and asked a white family friend to stand in for her during an appraisal.
Her home's value suddenly shot up. A lot.
During the early months of the coronavirus pandemic last year, the first two appraisers who visited her home just west of downtown Indianapolis, valued it at $125,000 and $110,000, respectively.
But that third appraisal went differently.
To get that one, Duffy, who is African American, communicated with the appraiser strictly via email, stripped her home of all signs of her racial and cultural identity and had the white husband of a friend stand in for her during the appraiser's visit.
The home's new value: $259,000.
"I had to go through all of that just to say that I was right and that this is what's happening," she said. "This is real."
Now she wants justice. Along with the Fair Housing Center of Central Indiana, Duffy has filed fair housing complaints against the mortgage lenders and appraisers she accuses of undervaluing her home because of her race.
Housing experts and historians say residential real estate has been historically marred by discrimination. Across the nation, homes owned by Black Americans are significantly undervalued next to homes in comparable white neighborhoods, according to a study by Brookings.
Andre Perry, a senior fellow for the Brookings Metropolitan Policy Program who studies housing discrimination, said anecdotal evidence of housing discrimination can be found around the country.
"It's almost when people see Black neighborhoods, they see twice as much crime than there actually is. They see worse education than there actually is," Perry said. "I think this is what's happening when appraisers, lenders, real estate agents see Blackness. They devalue the asset. They devalue the property."

https://www.cincinnati.com/story/money/2021/05/13/indianapolis-black-homeowner-home-appraisal-discrimination/5071223001/

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FortuneCookie
05/14/21 1:13:30 PM
#2:


Indianapolis


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Njolk
05/14/21 1:15:18 PM
#3:


Indiana seems like the worst of the "american suburbia and strip malls as far as you can see" hellhole

But I've never been
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sktgamer_13dude
05/14/21 1:16:55 PM
#4:


But I was told racism was dead.

Just sad really.
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eston
05/14/21 1:28:50 PM
#5:


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Questionmarktarius
05/14/21 1:30:12 PM
#6:


eston posted...
I wonder if she could sue those first two companies
If anything, she's probably legally liable for defrauding the third one.
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TheVipaGTS
05/14/21 1:30:31 PM
#7:


Back when I was In High school my parents tried selling our house. They made us pay to paint the walls and deep clean the carpets. I firmly believe it was because were brown. Everything was fucking clean.

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WingsOfGood
05/14/21 1:32:25 PM
#8:


TheVipaGTS posted...
Back when I was In High school my parents tried selling our house. They made us pay to paint the walls and deep clean the carpets. I firmly believe it was because were brown. Everything was fucking clean.

Guy I bought from hired some1 to clean it ans I didn't even ask for this. Was quite nice.
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Questionmarktarius
05/14/21 1:33:04 PM
#9:


TheVipaGTS posted...
They made us pay to paint the walls and deep clean the carpets.
That's not quite racist.
A couple hundred on cheap paint and a rug doctor rental can add several thousand to asking price.
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TheMikh
05/14/21 1:33:05 PM
#10:


it's deeply regrettable that this is happening in the 21st century; almost like a remnant of the redlining system that somehow managed to go unregulated

but i do wonder if, being black myself, whether a low appraisal by a racist might help me make an appeal with the state for significantly lower property taxes

then i can ask around my network for non-racist appraisers whenever i plan to sell

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The Popo
05/14/21 1:33:16 PM
#11:


Fucking ridiculous

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Questionmarktarius
05/14/21 1:34:14 PM
#12:


TheMikh posted...
but i do wonder if, being black myself, whether a low appraisal by a racist might help me make an appeal with the state for significantly lower property taxes
I'd go for it.
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The Popo
05/14/21 1:35:55 PM
#13:


TheMikh posted...
but i do wonder if, being black myself, whether a low appraisal by a racist might help me make an appeal with the state for significantly lower property taxes

then i can ask around my network for non-racist appraisers whenever i plan to sell

That would be a genius move of arbitrage. Id be genuinely curious if it could work.

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eston
05/14/21 1:36:01 PM
#14:


Questionmarktarius posted...
If anything, she's probably legally liable for defrauding the third one.
That seems unlikely tbqh, unless her friend's name was the one on all the paperwork

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Number090684
05/14/21 1:38:48 PM
#15:


Njolk posted...
Indiana seems like the worst of the "american suburbia and strip malls as far as you can see" hellhole

But I've never been

Not really, but it has become increasingly red over recent decades which says a lot about which direction it is headed. Up in the northern part of the state the population is much more diverse, but seemingly the lower you go the more rural and caucasian predominant it becomes. Seems like the state capital Indianapolis is becoming more diverse as well, but it seems crime has been on the rise over recent years, the most heinous was the recent mass shooting at the FedEx distribution center done by a young radicalized white male that was obviously a hate crime considering the majority of the victims.
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littlebro07
05/14/21 1:40:31 PM
#16:


When my black father-in-law sold his house, it was in immaculate condition, lots of updates, in a desirable neighborhood. It sat for three months, going through several open houses, people walking through it at least 5 times a week, etc.

People in the neighborhood with shittier houses were selling within a week of listing for way more than what he was asking. All white families.

He decided to take down all the family pictures after reading a story like this and the house sold in two days for $10,000 over asking.

Maybe its a coincidence, or maybe people are racist as fuck.

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Number090684
05/14/21 1:43:31 PM
#17:


littlebro07 posted...
When my black father-in-law sold his house, it was in immaculate condition, lots of updates, in a desirable neighborhood. It sat for three months, going through several open houses, people walking through it at least 5 times a week, etc.

People in the neighborhood with shittier houses were selling within a week of listing for way more than what he was asking. All white families.

He decided to take down all the family pictures after reading a story like this and the house sold in two days for $10,000 over asking.

Maybe its a coincidence, or maybe people are racist as fuck.

When it comes to big business they are racist as fuck.
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TheVipaGTS
05/14/21 1:50:02 PM
#18:


Questionmarktarius posted...
That's not quite racist.
A couple hundred on cheap paint and a rug doctor rental can add several thousand to asking price.
But it was. The realtor looked me dead in the eyes while saying it. He took advantage of my immigrant father. I knew what he was fuckin doing.

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AngelsNAirwav3s
05/14/21 1:51:26 PM
#19:


TheVipaGTS posted...
But it was. The realtor looked me dead in the eyes while saying it. He took advantage of my immigrant father. I knew what he was fuckin doing.

lol

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TheVipaGTS
05/14/21 1:52:03 PM
#20:


AngelsNAirwav3s posted...
lol
Fuck Off.

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#21
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gunplagirl
05/14/21 1:59:14 PM
#22:


ImAMarvel posted...
This is why I'm getting my white friends to buy and sell my houses for me. >_>
I'm white passing, and have no ethnic stuff of which to speak.

I won't even ask for a cut, you just have to give me a nice steak dinner up front and once more after the sale goes through.

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Alucard188
05/14/21 2:06:16 PM
#23:


I remember them going through a bunch of this in Massachusetts as well. The housing market is racist.

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#24
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Sheiky-Baby
05/14/21 2:06:58 PM
#25:


sktgamer_13dude posted...
But I was told racism was dead.

Just sad really.
@CodyRhodes

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TheMikh
05/14/21 2:10:53 PM
#26:


ImAMarvel posted...

i wouldn't go that far. plus, you have to do the signing in the end - i think? that or you have sort of shell corporation set up to do it for you or something. i don't know.

that said, i'd imagine the buying process may be less discriminatory if you go through developers. even if one sales rep doesn't take your inquiry seriously, another is eager to make commission from selling to you - speaking from experience. plus there's no unanticipated wear and tear as would be the case with older constructions.

The Popo posted...
That would be a genius move of arbitrage. Id be genuinely curious if it could work.

Questionmarktarius posted...
I'd go for it.

looking into refinancing this year, which might complicate things a bit, so the experiment may need to wait a couple years.

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legendary_zell
05/14/21 2:11:16 PM
#27:


AngelsNAirwav3s posted...
lol


Imagine entering a topic like this and having this as your only contribution. You should be ashamed, but I doubt you are.

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gunplagirl
05/14/21 2:15:58 PM
#28:


ImAMarvel posted...
I guess I could fly you in to wherever I'll be buying a house too and pay for a hotel room as well. Seems fair enough tbh
Jokes aside, I think one thing that's ridiculous is that even without doing anything to her house most of the last year, my mom's property taxes went up like 15-20% over the last year or two simply because of some theoretical increase in value due to a buyer's market surge, and some basic and much needed infrastructure improvements to the city. :l

Installing a much needed train terminal between Seattle and that town? Price goes up. Oh, but also taxes go up slightly to fund the projects for expansion. And the price is still like $5 a day or something to ride it. :l

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AngelsNAirwav3s
05/14/21 2:21:05 PM
#29:


legendary_zell posted...
Imagine entering a topic like this and having this as your only contribution. You should be ashamed, but I doubt you are.

His response to the fact that every realtor will tell you to do a deep clean was "I know it was racist because he told me with his eyes!!!!" is pretty fuckin funny

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sktgamer_13dude
05/14/21 2:23:56 PM
#30:


AngelsNAirwav3s posted...


His response to the fact that every realtor will tell you to do a deep clean was "I know it was racist because he told me with his eyes!!!!" is pretty fuckin funny

Didnt know repainting fell under deep clean.
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krazychao5
05/14/21 2:27:06 PM
#31:


sktgamer_13dude posted...
Didnt know repainting fell under deep clean.
undesirable wall paint colors could be a detriment in selling. white walls make it easier for new owners to paint over what they want. and fucking modern design is all white and grays.

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Questionmarktarius
05/14/21 2:28:19 PM
#32:


krazychao5 posted...
undesirable wall paint colors could be a detriment in selling.
My house had the most garish metallic green paint possible in one of the bedrooms.

...it still does.
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Solar_Crimson
05/14/21 2:30:05 PM
#33:


littlebro07 posted...
When my black father-in-law sold his house, it was in immaculate condition, lots of updates, in a desirable neighborhood. It sat for three months, going through several open houses, people walking through it at least 5 times a week, etc.

People in the neighborhood with shittier houses were selling within a week of listing for way more than what he was asking. All white families.

He decided to take down all the family pictures after reading a story like this and the house sold in two days for $10,000 over asking.

Maybe its a coincidence, or maybe people are racist as fuck.
Definitely racist.

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AngelsNAirwav3s
05/14/21 2:32:37 PM
#34:


krazychao5 posted...
undesirable wall paint colors could be a detriment in selling. white walls make it easier for new owners to paint over what they want. and fucking modern design is all white and grays.

They could have also just said have someone come in and fix all the paint chips and scuffs on the walls so they look new

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sktgamer_13dude
05/14/21 2:32:55 PM
#35:


krazychao5 posted...

undesirable wall paint colors could be a detriment in selling. white walls make it easier for new owners to paint over what they want. and fucking modern design is all white and grays.

Didnt know back in high school was modern times.

Stop hand waving racism away.
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Star_FAQs
05/14/21 2:33:12 PM
#36:


Number090684 posted...
Not really, but it has become increasingly red over recent decades which says a lot about which direction it is headed. Up in the northern part of the state the population is much more diverse, but seemingly the lower you go the more rural and caucasian predominant it becomes. Seems like the state capital Indianapolis is becoming more diverse as well, but it seems crime has been on the rise over recent years, the most heinous was the recent mass shooting at the FedEx distribution center done by a young radicalized white male that was obviously a hate crime considering the majority of the victims.

I live in Illinois and it's pretty much the same deal

IL is a blue state, but that's entirely because of Chicago, the southern rural areas are pretty much identical to Indiana and rather red
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Solar_Crimson
05/14/21 2:43:53 PM
#37:


Star_FAQs posted...
I live in Illinois and it's pretty much the same deal

IL is a blue state, but that's entirely because of Chicago, the southern rural areas are pretty much identical to Indiana and rather red
Michigan is the same. Wayne County--particularly Detroit--singlehandedly makes it go blue in just about each major election. Almost everywhere else in Michigan is as red as raw meat.

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TheVipaGTS
05/14/21 2:44:51 PM
#38:


krazychao5 posted...
undesirable wall paint colors could be a detriment in selling. white walls make it easier for new owners to paint over what they want. and fucking modern design is all white and grays.
Out walls were white. We repainted them white.

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AngelsNAirwav3s
05/14/21 2:53:02 PM
#39:


TheVipaGTS posted...
Out walls were white. We repainted them white.

Did he force you to use his side business paint company and rug cleaning company?

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#41
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CanuckCowboy
05/14/21 2:57:12 PM
#42:


TheVipaGTS posted...
Out walls were white. We repainted them white.

Recently or when you moved in?

I'm not gonna tell you the dude wasn't racist, but a fresh coat of paint is standard advice for when you want to sell a home. Walls get dinged or scuffed, and people hang pictures and whatnot leaving small nail holes...

Asking you to paint is in no way inherently racist or unusual. Like he well could have been racist but not because he asked you to paint (unless you'd literally just done it then its pretty fucky).

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#43
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TheVipaGTS
05/14/21 2:58:31 PM
#44:


CanuckCowboy posted...
Recently or when you moved in?

I'm not gonna tell you the dude wasn't racist, but a fresh coat of paint is standard advice for when you want to sell a home. Walls get dinged or scuffed, and people hang pictures and whatnot leaving small nail holes...

Asking you to paint is in no way inherently racist or unusual. Like he well could have been racist but not because he asked you to paint (unless you'd literally just done it then its pretty fucky).
This was maybe 15 years ago.

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krazychao5
05/14/21 3:00:16 PM
#45:


sktgamer_13dude posted...
Didnt know back in high school was modern times.

Stop hand waving racism away.
the fuck you talking about

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TheVipaGTS
05/14/21 3:04:45 PM
#46:


This fucker gonna laugh at my story then mark me. Racism still alive they just be concealing it.

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AngelsNAirwav3s
05/14/21 4:47:06 PM
#47:


CanuckCowboy posted...
Recently or when you moved in?

I'm not gonna tell you the dude wasn't racist, but a fresh coat of paint is standard advice for when you want to sell a home. Walls get dinged or scuffed, and people hang pictures and whatnot leaving small nail holes...

Asking you to paint is in no way inherently racist or unusual. Like he well could have been racist but not because he asked you to paint (unless you'd literally just done it then its pretty fucky).

I think its been well established that nothing the realtor said was racist or out of the ordinary. It was about his EYES though, he just LOOKED like a racist. Just had that classic Resting Racist Face

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Questionmarktarius
05/14/21 5:23:59 PM
#48:


AngelsNAirwav3s posted...
classic Resting Racist Face
Yeah, okay. We all know what that is.


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EricDraven59
05/14/21 5:26:37 PM
#49:


Anyone ever watch all in the family? Archie bunker hated the idea of black people moving into new houses in his area. He said all these racist things which this lady is talking about.
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NinjaWarrior455
05/14/21 5:48:42 PM
#50:


Known racist trolls shitting up this topic. Nothing out of the ordinary for CE.

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Kastrada
05/16/21 6:52:53 AM
#51:


Njolk posted...
Indiana seems like the worst of the "american suburbia and strip malls as far as you can see" hellhole

But I've never been

As someone that used to live there and still has family there, it is bad.

At least my small-ass town is showing some growth. There is an Indian family that took over one of the fast food places and some racists were posting negative stuff on the town Facebook group. And like 95% of the group stood up for the family and viscously attacked the person who started the smear post.

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