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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.
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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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SZA’s Cheeky Take on Drake’s Kissing Skills Sparks Buzz
SZA knows how to keep her fans engaged through her heartfelt music or the rare insights into her personal life. This week, the R&B star sparked many conversations during an interview when she was asked a surprising question: Is Drake a good kisser? This question comes as people are again curious about their brief relationship from 2009.
Fans have often assumed about SZA and Drake’s connection, but she has usually stayed quiet about their past. So, when SZA was asked about Drake’s kissing skills during her interview, everyone was eager to hear her answer. With her usual calm and playful style, she smiled and replied, “Good kisser? Let’s say… Drake’s passionate about everything he does.” Her response left fans guessing what she meant.
As expected, social media lit up within hours, with fans analyzing every word. Was she teasing him? Complimenting him? Or just skillfully avoiding the question? Regardless of the interpretation, her answer was intriguing. SZA’s reply also shows her professionalism. She clarified that she has no intention of saying anything bad about an old friend. As for Drake, he probably won’t respond directly to her comment. He might choose to address the situation in a future song instead.
Fans of both artists are hopeful for a renewal of their friendship, either in the music studio or personally. Despite the ups and downs in their relationship over the years, their ability to create amazing music together is undeniable. Songs like “Slime You Out” and “Rich Baby Daddy” showcase their incredible chemistry, no matter the status of their friendship. Overall, SZA’s response is a great example of how to handle tricky questions with style and humor.
Artist Spotlight
When Words Cut Deep, Flo and Amara La Negra Clash Over Colorism on Love & Hip-Hop Miami
The latest episode of Love & Hip-Hop Miami stirred up a lot of drama as Flo and Amara La Negra got into a heated argument over accusations of colorism. This intense confrontation quickly grabbed viewers’ attention and sparked discussions on social media about an important social issue. This particular clash resonated with viewers in a way that went beyond just reality TV. The fight started when Flo made comments that Amara perceived as rooted in colorism.
Amara La Negra, who identifies as Afro-Latina and speaks against racism, wasn’t afraid to defend herself. For her, this situation was personal, as she has long advocated for darker-skinned women facing discrimination. On the other hand, Flo, known for her straightforward approach and strong personality, tried to explain her perspective but received backlash both during the episode and from fans. Some viewers felt her comments were dismissive, while others thought the argument was blown out of proportion.
This confrontation sparked a response on social media, with clips of the argument going viral. People shared their opinions, with some praising Amara for standing her ground and others criticizing the show for seemingly sensationalizing a serious topic. The clash has allowed people to discuss the ongoing inequalities in society. It serves as a reminder of reality TV’s influence in bringing attention to cultural issues.
After the episode aired, Flo and Amara stayed active on social media. Amara continued to emphasize her commitment to fighting colorism. On the other hand, Flo hinted at her perspective, promising more details in upcoming episodes. While Love & Hip-Hop Miami thrives on drama, situations like this highlight the delicate balance between entertainment and meaningful conversation.
As the season progresses, fans wonder whether this intense moment will lead to understanding between the two or create more division. The argument will continue well beyond the TV screens, adding depth to the cultural conversations surrounding Love & Hip-Hop Miami.
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