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Black Americans Pay More For Homes Than Any Other Group: Study Finds

A new study from MIT has found that Black Americans pay more for homeownership than any other group.

Black Americans, HomeownershipJoe Raedle / Getty Images

The study, conducted by Edward Golding, executive director of the MIT Golub Center for Finance and Policy, reports that Black Americans pay more for mortgage interest, mortgage insurance, and property taxes than other homeowners.

The disparities are as follows: $743 per year in mortgage interest payments, $550 a year mortgage insurance premiums, and$390 per year in property taxes. All-in-all this accounts for a $67,320 loss in retirement savings for Black homeowners over 30 years.

“The small differences compounding over the life of the mortgage and during homeownership can add up,” writes Golding. “Even if it is a few hundred dollars a year here and there, it can amount to another year’s salary families would otherwise have.”

“While mortgage costs are determined by markets to some extent,” said Golding, “there is a great deal of public policy that influences these rates, especially as it impacts people of color. We can and should address these issues at a policy level and start now to eliminate the large wealth gap between Black and White homeowners that we created in part through our current mortgage system.”

Check out the paper for yourself here.

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Artist Spotlight

Suge Knight Calls Out Kanye West Over Offensive Comments on Carter Twins

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Suge Knight is known for speaking his mind, and in a recent interview on a show called Art of Dialogue, he shared strong opinions about Kanye West’s recent behavior. Kanye, who is often in the spotlight for his controversial actions, made headlines after insulting Jay-Z and Beyoncé’s children in a tweet. Suge found this particularly unacceptable. “I need to talk to Kanye,” Suge said, clearly upset. “We should never disrespect anyone’s kids.” He was disturbed by Kanye calling the Carter twins a hurtful name, emphasizing that this kind of behavior is unacceptable in both hip-hop and society in general.

“You don’t talk about Jay and Beyoncé’s kids and call them names. That’s crossing the line.” For Suge Knight, this isn’t just about one tweet, it’s about a larger issue. He feels that such hurtful comments not only impact the people involved but also reflect poorly on hip-hop and Black culture as a whole. “I expect more from people in hip-hop and our community,” he stated. “We’ve come a long way, and we should stand up for each other, especially when it comes to protecting kids and those who are vulnerable.”

This isn’t the first time Kanye has faced backlash for his controversial remarks, but Suge clarifies that calling out children is where he draws the line. “That’s not funny to me, not at all,” he remarked, suggesting that there should be real consequences for Kanye’s words. “He needs an old-fashioned lesson.” Suge Knight’s comments remind us that, regardless of how famous an artist is, there are still moral limits that shouldn’t be crossed, especially when it comes to children. His call for accountability sends a strong message to Kanye West and anyone else who might think it’s acceptable to attack innocent kids in the hip-hop world.

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Artist Spotlight

Lil Durk Makes History as the Most Certified Rapper of 2025

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Lil Durk has officially established himself as one of the biggest names in hip-hop. The Chicago-born rapper just broke records by becoming the first hip-hop artist to earn the most certifications from the Recording Industry Association of America (RIAA) in 2025. This is a huge milestone in his career, highlighting his influence in music today and his status as one of the all-time greats. Recently, the RIAA announced that Durk achieved 53 new certifications, making him the top hip-hop artist of 2025, and placing him among the top 50 artists ever, with an impressive total of 52.5 million units sold.

This news was shared on social media, confirming that he’s not just popular, but his music truly connects with listeners. Durk has made a name for himself with hit collaborations like “Broadway Girls” featuring Morgan Wallen, “All My Life” with J. Cole, and “3 Headed Goat” alongside Lil Baby and Polo G. His ability to tell real-life stories while also creating catchy melodies has made him a standout artist. These new certifications show that his music has lasting appeal. Fans quickly took to social media to celebrate his achievements, with some eagerly anticipating his next album, saying it will be a huge success.

Others reminisced about how hard he’s worked and how much his popularity has grown, especially during his breakthrough years from 2020 to 2021. However, not everyone is impressed. Some critics have pointed out that his collaboration with country star Morgan Wallen might make his success seem less significant. However, the impressive numbers speak for themselves. Durk’s music has played a key role in shaping hip-hop, and the way he mixes different styles only adds to his talent. From being an underground artist to becoming one of the most recognized rappers in history, Lil Durk’s journey is truly inspiring.

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