‘Urban Decay’ Created by Segregation Fueling Poverty, Population Loss on South, West Sides: Study
“The system of modern segregation created a nearly immutable ‘pattern of urban decay’ in Chicago — replicated in Detroit and Philadelphia — that has had a profound impact on the lives of Black and Latino Chicagoans, helping to fuel the massive racial wealth gap that continues today, according to the study.
Those maps also distorted Chicago’s real-estate market, making it possible for unscrupulous property owners to exploit Black residents eager to get their share of the American dream through contract-buying schemes, which they were falsely told would allow them to own home and build generational wealth, in areas covered by racially restrictive covenants.”