I used to know a guy years ago who was black. He was a really good guy and had made something of himself, he worked two jobs to support his family. His wife wasn’t comfortable living in a white neighborhood so he bought a house in a black neighborhood. While my house appreciated, he was chasing off thugs and watching his house lose value.
It isn’t all a racial thing, it’s also cultural thing. It wasn’t anything he was doing in particular and his falling real estate value had nothing to do with his personal behaviour.
Esp. the ‘black communities’ had been exploited by blacks and liberals for all its worth for so long. All that taxpayer money pouring into ‘poor’ neighborhood made things worse.
It is not the ‘wealth gap’ as the author suggested (maybe some but minor part) to keep us from a ‘post-racial’ country.
He decision to go along with his wife's unwise desire to live in a black neighborhood is part of "personal behavior".
There are multiple causes of the "wealth gap", which include:
1) More working in government jobs, where the net present value of the pension is not counted as "wealth".
2) Higher likelihood of having poor relatives who expect "help".
3) Cultural propensity to spend money on "flash" (nice cars, clothing, eating out) rather than saving/investing.
He should have kept the house and lost the wife!