Family Properties

Family Properties

Race, Real Estate, and the Exploitation of Black Urban America

Book - 2009
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Baker & Taylor
An investigation into practices of segregation and urban decay in post-war Chicago and other major American cities reveals how legal and financial exploitation, more than race pathology and poverty, are responsible for creating slums, in an account that cites the reform efforts of the author's father. 40,000 first printing.

McMillan Palgrave

Part family story and part urban history, a landmark investigation of segregation and urban decay in Chicago—and cities across the nation

The "promised land" for thousands of Southern blacks, postwar Chicago quickly became the most segregated city in the North, the site of the nation’s worst ghettos and the target of Martin Luther King Jr.’s first campaign beyond the South. In this powerful book, Beryl Satter identifies the true causes of the city’s black slums and the ruin of urban neighborhoods throughout the country: not, as some have argued, black pathology, the culture of poverty, or white flight, but a widespread and institutionalized system of legal and financial exploitation.

In Satter’s riveting account of a city in crisis, unscrupulous lawyers, slumlords, and speculators are pitched against religious reformers, community organizers, and an impassioned attorney who launched a crusade against the profiteers—the author’s father, Mark J. Satter. At the heart of the struggle stand the black migrants who, having left the South with its legacy of sharecropping, suddenly find themselves caught in a new kind of debt peonage. Satter shows the interlocking forces at work in their oppression: the discriminatory practices of the banking industry; the federal policies that created the country’s shameful "dual housing market"; the economic anxieties that fueled white violence; and the tempting profits to be made by preying on the city’s most vulnerable population.

A monumental work of history, this tale of racism and real estate, politics and finance, will forever change our understanding of the forces that transformed urban America.



Book News
Satter (history, Rutgers U.) provides an account of racist real-estate practices and policies in post-war Chicago and the struggles against them. She focuses in particular on the practice of "contract sellers" selling homes to black buyers at vastly inflated prices and with onerous interest and eviction provisions, a practice that was made possible by the redlining of black people by the banks and was responsible for the creation of the slums by sucking millions of dollars of wealth out of black communities. At the heart of her account are the efforts of her father, attorney Mark J. Satter, to expose and battle the profiteers and the subsequent work carried out by the Contract Buyers League. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)

Blackwell North Amer
The "Promised Land" for thousands of Southern blacks, postwar Chicago quickly became the most segregated city in the North, the site of the nation's worst ghettos and the target of Martin Luther King Jr.'s first campaign beyond the South. In this powerful book, Beryl Satter identifies the true causes of the city's black slums and the ruin of urban neighborhoods throughout the country: not, as some have argued, black pathology, the culture of poverty, or white flight, but a widespread and institutionalized system of legal and financial exploitation.
In Satter's account of a city in crisis, unscrupulous lawyers, slumlords, and speculators are pitched against religious reformers, community organizers, and an impassioned attorney - the author's father, Mark J. Satter - who launched a crusade against the profiteers. At the heart of the struggle stand the black migrants who, having left the South with its legacy of sharecropping, suddenly find themselves caught in a new kind of debt peonage. Satter shows the interlocking forces at work in their oppression: the discriminatory practices of the banking industry, the federal policies that created the country's shameful "dual housing market," the economic anxieties that fueled white violence, and the tempting profits to be made by preying on the city's most vulnerable population.

Baker
& Taylor

An investigation into practices of segregation and urban decay in post-war Chicago and other major American cities reveals how legal and financial exploitation, more than racial discrimination and poverty, are responsible for creating slums.

Publisher: New York : Metropolitan Books, 2009
Edition: 1st ed
ISBN: 9780805076769
080507676X
Branch Call Number: 363.59996 Sa836f 2009
Characteristics: 495 p., [16] p. of plates : ill., maps, ports. ; 25 cm

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edwhetstone
Apr 30, 2014

One of the best history books ever written about Chicago.

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