Welcome to a special Saturday edition of Axios today.

I'm Nailaboodoo.

Each month our Hard Truth series looks at how structural racism operates in American life.

In the past we've covered voter suppression and public education.

Today we're focused on housing.

Maybe you've heard the terms contract buying or redlining.

Or maybe you've wondered why home prices and neighborhoods in some parts of the city remain depressed,

while others continue to skyrocket in value. and why it's so easy for some people to buy a home or get a home loan, but not for others.

When it comes to real estate, sometimes racism is obvious. Other times it's subtle.

A lot of the policies that you find

don't have race written in them.

That's Natalie Moore.

She's a journalist and her family has also lived this story.

You don't have to say no blacks aloud. You can just keep this cycle of segregation

going. Her family has worked hard through multiple generations to achieve the American dream.

Her grandparents came to Chicago almost a century ago in the great migration.

Her parents got Natalie and her siblings into good schools.

But despite all of that, all the good decisions,

and all of the family's success.

When Natalie decided to buy her first home

and chose a predominantly black neighborhood,

she still faced many of the factors that have led to a

...