Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership

By Keeanga-Yamahtta Taylor

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Product Details

Price: $30.00  $27.00
Publisher: University of North Carolina Press
Published Date: October 21, 2019
Pages: 368
Dimensions: 6.49 X 1.15 X 9.44 inches | 1.4 pounds
ISBN: 9781469653662
BISAC Categories:

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About the Author

Keeanga-Yamahtta Taylor writes on Black politics, social movements, and racial inequality in the United States. Her book From #BlackLivesMatter to Black Liberation won the 2016 Lannan Cultural Freedom Award for an Especially Notable Book. Her articles have been published in Souls: A Critical Journal of Black Politics, Culture and Society, Jacobin, New Politics, the Guardian, In These Times, Black Agenda Report, Ms., International Socialist Review, and other publications. Taylor is assistant professor in the department of African American Studies at Princeton University.

Reviews

The book makes a strong case that giving so much power to profit-driven industries doomed the program's goals from the start, and there are clear parallels to the later subprime mortgage crisis of the 2000s. Race for Profit is an important addition to the literature on predatory lending and housing discrimination, as well as a valuable warning.--Foreword Reviews


Essential for readers wishing to understand the depth and differentials of U.S. racial discrimination, Taylor's masterly expose of the political economy of the racially bifurcated market systematically lays bare how residential segregation made profits from race; it also illustrates the mismatch of market solutions to racist policies and practices and underscores the limits of legislation alone to undo institutional racism.--Library Journal, starred review


Details bungling mismanagement, gross corruption, distorted incentives, civil rights regulations that went unheeded and unenforced -- what Taylor calls a system of "predatory inclusion" that was distinct yet not entirely free from the racist system of exclusion that preceded it.--The New York Times


Like many historians, Taylor stays close to the history she documents and doesn't set out to address the present day in a sustained or direct way. She doesn't propose a solution to these perpetual abuses, and certainly not a neat, bipartisan policy move. In her telling, the problems are deep and abiding. They have to do with the degree to which the "American Dream" has become synonymous with the big yet also small accomplishment of owning a house.--The New Republic


A groundbreaking new book.--The New Yorker


Narrating the story of a sea-change in housing policy and its dire impact on African Americans, Race for Profit reveals how the urban core was transformed into a new frontier of cynical extraction.--Democratic Left


Taylor grounds her analysis in extensive archival research and in conversation with the historiography that it both extends and challenges.--Metropolitics


Among the myriad strengths of Race for Profit is Taylor's thoughtful and poignant analysis of the structures of meaning that undergird the racialized political economy of homeownership in this period.--H-Net Reviews