Wouldn't the economics of the groups (income) be a better measure of property values plummeting?
If POOR whites, blacks, Hispanics or asians were the ones taking over the area wouldn't that cause depreciation? I'm assuming there are areas that are nice where the minority group makes a respectable income.
That would be the case if you took the bottom of the barrel of every group. A more representative approach would be to take the median. Whites and Asians would own Blacks and Hispanics.
I believe we’ve been through this before. Virtually everywhere in the country where blacks and Hispanics have taken over, conditions have deteriorated. In my neck of the woods, NYC, the gay areas, Chelsea and the Upper Westside, are nice.
In summary, Blacks and Hispanics turn everything they touch to shit. Whites (except for nasty white trash), Asians and Gays don’t. You can throw Jews in with the latter groups. There’s no predominantly Jewish area where you have to worry about getting robbed, sued maybe😂
This tells you all you need to know:
https://www1.nyc.gov/assets/nypd/downloads/pdf/analysis_and_planning/year-end-2018-enforcement-report.pdfRobbery victims are most frequently Hispanic (38.7%) or Black (30.6%). Asian/Pacific Islander victims account for (15.8%) of all Robbery victims while Whites account for (13.9%) of all Robbery Victims.
The race/ethnicity of known Robbery suspects is primarily Black (65.8%). Hispanic suspects account for an additional (27.1%) of the suspect population. White suspects account for (4.6%) of all Robbery suspects while Asian /Pacific Islanders accounted for (2.4%) of known Robbery suspects.
The Robbery arrestees are most frequently Black (60.5%) or Hispanic (30.5%). White arrestees (5.7%) and Asian/Pacific Islander (3.2%) arrestees account for the remaining portions of the Robbery arrest population.