The greatest financial investments made by most Americans is their house – a purchase that, more often that not, increases in value and is able to profitably benefit their heirs upon receivership – it is a tradition that predates the republic. This article concerns the fact that African-Americans had been excluded from this cultural norm and corralled into slums where real estate prices seldom rise, thus guaranteeing that poverty would be the only inheritance their children could expect. The practice of excluding home buyers based on race has come to be known in real estate circles as a “racially restrictive covenant” and the U.S. Supreme Court outlawed the practice the same year this column appeared.
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