April 3, 2016
Stephen Menendian discussed the reality of racial segregation in the United States, noting that African American households remain as segregated from white households as they were in 1950. Menendian explained that a diverse set of actors worked to maintain racial segregation, including the federal government, private mortgage lenders, real estate lenders, and local governments. Land use policies implemented by cities and towns across the United States—such as housing density restrictions—raise the barrier to entry by inducing housing scarcity, which inflates housing prices and maintains racial segregation.
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