Re: this may be relevant to Detroiters

[Patrick Bond <pbond@xxxxxxxxxxx>]

Haven't looked at the papers, but surely there are massive covariance
problems with these allegedly 'similar' places? And surely the 1950s-60s
epidemic of block-busting desegregation brought the black/white house value
figure up to 69%, and subsequent persistent redlining brought it back down?

----- Original Message -----
From: "Devine, James" <jdevine@xxxxxxx>
That unpredictability is bad news for sociologists looking for causes
but good news for economists analyzing consequences. It creates a
natural experiment, dividing otherwise similar places into those that
had riots and those that did not.
...
> From 1940 to 1970, the value of homes owned and occupied by blacks in
central cities jumped to 69 percent of the value of urban homes owned
and occupied by whites, from 51 percent. (Home values were rising over
this period as well.) By 1990, however, the ratio was down to a mere 53
percent, nearly as low as in 1940.