A recent survey shows that while buying a home in the San Francisco Bay Area these days is an uphill climb for almost everybody, it’s a nearly impossible dream for the region’s Hispanic and African-America residents. The Zillow study showed that black home buyers could afford only one in ten homes in the San Jose area while Hispanics found only 12 percent of homes within their financial reach.
The backdrop to this trend, of course, is that steady decline in black residents in the Bay Area. It’s a trend that’s been gaining speed for nearly 50 years now.
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