Black Lives Matter co-founder Patrisse Cullors told a story just weeks after unveiling her own $ 3 million real estate portfolio that shattered “white domination” of the housing market.
Cullors made the remark while sharing an NPR story on the level of black home ownership on her Instagram account.
She wrote, “Thank you @npr for highlighting the history of racism in the housing market and why black home ownership has always been a way of disrupting white supremacy.”
The problems were in one NPR Documentary We Hold These Truths, which examined how black people were systematically discriminated against by the real estate industry and government policy over decades.
The report, which focuses on the experiences of black people living in Compton, California, found that only 41.8 percent of black households owned their homes. this rate is almost identical to the level of black home ownership 50 years ago, in the early 1970s.
Black Lives Matter co-founder Patrisse Cullor has lamented the history of racism in the housing market despite her own impressive real estate portfolio
Cullors shared an NPR story about black home ownership rates on her Instagram with a caption explaining her own thoughts
In 1970, two years after the Fair Housing Act was passed, the national home ownership rate for black households was 41.8%. By 2019 it was 42.3% – just a net increase of 1.2% over five decades earlier.
Experts say the reasons for the lower home ownership rate range from historical underemployment and low wages to a recession-driven foreclosure crisis that hits black communities particularly hard.
However, Cullors had no such trouble getting on the real estate ladder after it was revealed that she owns four homes in coveted California neighborhoods, often mostly whites, valued at nearly $ 3 million.
Last month, the 37-year-old, who founded BLM with Alicia Garza and Opal Tometi in 2013, faced a review of her $ 3 million four-house empire.
Cullors founded BLM in 2013 with Alicia Garza and Opal Tometi. She said she “spent the last week with security” after her homes were first featured in the media
She described the review of her property empire as a “racist and sexist” attack by the “right-wing media”.
Cullors bought a home for $ 1.4 million in the largely white Topanga Canyon district of Los Angeles.
In the zip code, 88 percent of the population are white and 1.8 percent are black, they say census.
The New York Post also reported that Cullors has also bought three more homes since 2016 for a total of around $ 3 million.
This includes a US $ 415,000 “Custom Ranch” on 3.2 hectares in Conyers, Georgia, with its own pool and aircraft hangar.
In addition, real estate records show that Cullors also bought two other Los Angeles homes, including a three-bedroom home in Inglewood for $ 510,000 and a four-bedroom home in South LA for $ 990,000.
Cullors has had a successful career as an equality advisor and has published several books on combating racism and prejudice.
Last month, it was revealed that Cullors bought this $ 1.4 million home in a mostly white area of LA
She also bought three other homes, including this one in Georgia – around $ 3 million in total
Cullors grew up in the Van Nuys neighborhood of LA, which she described as “impoverished”
Cullors has tried to deflect criticism from some leftists who questioned whether their four-house ownership contradicts their ideology as a “trained Marxist” and anti-capitalist.
She said she invested in the real estate to support her family and that she sees her assets “also as my family’s money”.
In 2015 she described herself as a “trained Marxist” and last December explained her views with the words “I believe in Marxism”.
“I am working to ensure that people do not suffer, I am working to ensure that people do not go hungry,” she said in one Youtube Video.
Black Lives Matter raised approximately $ 90 million in donations last year but does not publish a full statement of its expenses. The organization said Cullors has received $ 120,000 since 2013 but hasn’t received any payment since 2019.
There is also no evidence that she used BLM funds to pay for her real estate.
The $ 1.4 million home Patrisse Cullors bought in the Topanga Canyon area of Los Angeles
The light-flooded and airy home is only 20 miles away from her birthplace, but a world away in style
Cullors branded the focus on their home and finances as “racist and sexist” and said it was common in the black community for people to invest in real estate to support their family members.
“And the fact that the right-wing media is trying to create hysteria around my spending is honestly racist and sexist, and I would also like to say that many of us who end up investing in black community homes often invest in homes to “Take care of your family,” she said.
“You can talk to so many black people, especially black women, who take care of their families, take care of their loved ones, especially if they are able.”
The houses she bought “directly support the people I love and care about,” she said, adding that she is not “renting them out in any Airbnb operation.”
“The way I live my life is a direct support for black people, including my black family members in the first place.
Cullors’ new home has high ceilings and a sliding door that leads to the tree-lined courtyard
“For so many blacks who can invest in themselves and their communities, they choose to invest in their families, and I made that decision.”
Cullors has grown into one of the most high-profile activists in the U.S. since founding BLM in 2013.
Her 2018 memoir was a bestseller, and her sequel, Abolition, will be out in October.
She also works as a professor of social and environmental arts at Prescott College in Arizona.