1932, The Valuation Of Real Estate

Real estate expert, Frederick M. Babcock, who helped start the Federal Housing Administration, wrote his racist segregationist housing valuation policy in The Valuation of Real Estate. He suggested that declines in property values could be “partially avoided by segregation and this device has always been in common usage in the South where White and Negro populations have been separated.”

by IFHCIdaho August 18, 2021