Source: Washington Monthly
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Thomas J. Sugrue is the David Boies Professor of History and Sociology at the University of Pennsylvania. His most recent book is "Not Even Past: Barack Obama and the Burden of Race."In 1973, my parents sold their modest house on Detroit’s West Side to Roosevelt Smith, a Vietnam War veteran and an assembly-line worker at Ford, and his wife, Virginia (not their real names). For the Smiths—African Americans and native Mississippians—the neighborhood was an appealing place to raise their two young children, and the price was within their means: $17,500. The neighborhood’s three-bedroom colonials and Tudors, mostly built between the mid-1920s and the late ’40s, were well maintained, the streets quiet and lined with stately trees. Nearby was a movie theater, a good grocery store, a local department store, and a decent shopping district. Like many first-time home buyers, the Smiths had every reason to expect that their house would be an appreciating investment.