Undermining Black Homeownership with Keeanga-Yamahtta Taylor

Why Is This Happening? The Chris Hayes Podcast

MS NOW, Chris Hayes

News, Versant Media, Versant, Ms Now, Nbcnews, Why Is This Happening?, The Chris Hayes Podcast, Chris Hayes, Politics, Government, Society & Culture, Msnbc, Withpod

4.6 • 8.9K Ratings

🗓️ 8 October 2019

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

You’ve likely heard of redlining - the practice of systematizing discrimination based on where you live. You’ve probably even heard us talk about the ways its legacy continues to impact the upward mobility of communities of color. But do you know what happened next? In the wake of urban uprisings in the late 1960s, politicians pushed to end redlining, to lift people up out of poverty and improve their lives by making homeownership attainable. But that’s not what happened. Instead, bad policy and the private market worked together to create a machine that churned out new ways to exploit black homeowners. It’s what Keeanga-Yamahtta Taylor describes as predatory inclusion in her new book, “Race for Profit”. In it, she describes the ways in which policy, race, and institutional forces came together to reinscribe segregation. Come see Chris Hayes in Los Angeles October 21st with special guests Adam McKay and Omar El Akkad! Get tickets here. RELATED READING: Race for Profit by Keeanga-Yamahtta Taylor Thick by Tressie McMillan Cottom Say Nothing by Patrick Radden Keefe YOUT MIGHT ALSO LIKE: Thick Descriptions with Tressie McMillan Cottom Our Real Estate Obsession with Giorgio Angelini

Transcript

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0:00.0	We've basically created a society where your quality of life,
0:04.8	your social mobility, is tied up in your ability to own this huge asset.
0:10.6	And even if you do own one, if you're African-American,
0:14.8	it still doesn't function in the same way that it functions for white people.
0:18.9	So there's this embedded inequality within the larger inequality
0:24.4	of needing to be a property owner in order to have social mobility
0:28.8	in our society that really we need to we need to think about.
0:36.2	Hello and welcome to Why is this happening with me, your host, Chris Hayes.
0:40.4	Before we get to today's conversation, which if you listen to last week's conversation
0:44.8	with Ted Cruz, is pretty different. We just took the car wheel and we just
0:49.7	brrrr 108 degrees in the opposite direction with today's guest.
0:53.2	I'm going to introduce her in a second, but before I get to that,
0:55.4	we have still some tickets left for our Los Angeles live with pod,
1:01.1	which is happening October 21st. It's this amazing theater at the Ace Hotel.
1:05.4	Really beautiful. I think it's in downtown LA, old style kind of theater.
1:08.7	You feel like you're going to a Broadway show.
1:10.8	It's going to feature me and Adam McKay, who's the Oscar winning writer and director,
1:16.0	who was Will Ferrell's comedy partner, wrote at SNL,
1:18.8	started funnier, died, did Taladega Knights, did Anchorman,
1:22.9	and then made this sort of amazing shift into much more serious material. He did the big short
1:27.8	and vice. He's working now on how to do TV and movies about climate change. He's obsessed with
1:34.3	this now. In fact, the last time that I did it with him, he braided me the whole time that I
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