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Have you ever wondered about the true extent of wealth disparity in America? Award-winning journalist and media powerhouse Louise Story graces our podcast with an examination of the haunting 15 cents on the dollar wealth gap between black and white communities. As she previews her upcoming book delving into this issue, join us for an eye-opening discussion on the challenges and triumphs within the spheres of resilience, real estate, and the racial wealth gap. We take you on an educational expedition, where real estate emerges as a pivotal tool for wealth creation, albeit one whose benefits have not been uniformly distributed across different demographics.

In this riveting episode, we don't just scratch the surface—we unearth the deep roots of historical barriers, such as the racially exclusive GI Bill and the devastating effects of subprime lending on people of color. Alongside Louise, we dissect the cultural perceptions of real estate as an investment and the shifting strategies post the 2008 financial crisis that drastically affected Black and Latino Americans. From the anxiety-inducing racial bias in home appraisals to the contemplation of equities as a more equitable wealth-building avenue, we confront the personal and systemic complexities head-on. This conversation is not only about understanding the systemic struggles but also about exploring potential pathways to mend the racial wealth divide.

About Louise:
  
She is a prize-winning investigative journalist who spent more than 15 years at the New York Times and the Wall Street Journal, where she was the top masthead editor running coverage strategy. Her work investigating corruption led to the largest kleptocracy forfeiture in U.S. history, a scandal known as the 1MDB case. Her work during the 2008 financial crisis led to a multi-billion dollar settlement in the derivative market and to Goldman Sachs’s S.E.C. settlement. Projects she led have received honors including Emmy Awards, Pulitzer Prize finalist citations, and Online News Association awards. Louise’s film "The Kleptocrats" aired on the BBC, Apple and Amazon. She teaches about racial wealth gaps at The Yale School of Management.

The Quiet Gift: A Journey of Self Worth and Resilience is now available for download as an audible.  Check it out!

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Disclaimer: The information provided in this podcast is for general informational purposes only and is not intended as a substitute for professional medical advice, diagnosis, or treatment. The co-hosts of this podcast are not medical professionals. Always seek the advice of your physician or other qualified health provider with any questions you may have regarding a medical condition. Never disregard professional medical advice or delay in seeking it because of something you have heard on this podcast. Reliance on any information provided by the podcast hosts or guests is solely at your own risk.

Pamela Cass is a licensed broker with Kentwood Real Estate
Natalie Davis is a licensed broker with Keller Williams Realty Downtown, LLC