Home Ownership: It’s The System

"I feel like there's this stigma out there that, as Black women, we're loud, we're aggressive, or if we're not loud and aggressive, they expect us to sit there and be quiet and allow whatever to occur with no voice. When making an investment like building a home, whether or not is for personal or investment properties, be your voice, have a voice and use your voice and don't be afraid to use your voice."—Myesha Thompson

Episode | Related Video | Transcript

Home Ownership: It’s The System

Clip: S2 Ep3 | 1m 34s

Realtor Tiffany Malone on why Black home buyers shouldn’t get discouraged.

Related Clips:

Home Ownership

A discussion on the challenges facing Black home buyers in a difficult housing market.

S2 Ep3 | 26m 48s

Home Ownership: Get Educated

Why financial literacy is important when preparing to buy a home.

Clip: S2 Ep3 | 2m 29s

Home Ownership: Breaking It Down

How decades of housing segregation still affect Black home ownership rates today.

Clip: S2 Ep3 | 1m 49s

GUESTS

Tiffany Malone

Tiffany Malone is a real estate consultant, affordable housing advocate, a change agent for racial justice in the real estate industry, and a loud voice for building generational wealth for Black families. Tiffany works with buyer and seller clients in the greater Madison WI area as a licensed Realtor at Alvarado Real Estate Group and is one of the co-creators of OWN IT: Building Black Wealth, an Madison initiative that is changing the game when it comes to educating and creating access to funds for Black and Brown families to build wealth through real estate and homeownership.

Myesha Thompson

Myesha Thompson is a real estate investor and a licensed life insurance and financial advisor in Madison, WI. She takes pride in sharing her experiences from her life and educating minorities on the importance of life insurance, financial literacy, real estate, and personal/business credit. Her hope is to inspire others to learn from her journey and experiences to help them efficiently and effectively conqueror their own journey. She works for the state of Wisconsin at the Department of Health Services where she serves as the point of contact for the state Foodshare and Badgercare outreach programs.

TRANSCRIPT

-I’d like to say, too is that a lot of homeowners, or Black and Brown people don’t understand that it’s a, for some Black and Brown people it’s more difficult to buy a house. Historically, we are where we are because of what happened, redlining and the GI bill and everything. So we’re a little bit behind than the average homeowner.

– Mm-hmm.

– And I think that a lot of people are down on themselves because of that, but there’s a reason because of that, so…

– Right.

– I would, I say this all the time to people. There’s a reason why you don’t know this, or…

– And that’s why I think it’s so important to have, like the two of you here being the faces of this topic, because you’re right; because of things that have happened historically, it’s easy to internalize that as a me problem.

And so then I think I can’t do certain things because of the state of my life and maybe the lives of others who look like me, when it’s not necessarily a you problem.

Not to negate your personal responsibility, but historically, there are things that happened way before you that have influenced the likelihood of you being able to easily do things or not. So thank you for bringing up those historical pieces.

– Yep, it’s the systems, I mean, this is why we’re here, because of the systems.

– Angela: Watch more online and on the PBS app on your phone, tablet, Roku, or any other streaming device.