Wealthy Blacks Being Hit by High Foreclosure Too



While some race to Atlanta, Charlotte and other sprouting urban hubs in the South, there’s no getting away from it: Prince George’s County is still the crown jewel of African American affluence.  It boasts the highest concentration of middle to upper-middle income Blacks in the nation.  It gained national attention via Connie Briscoe’s best selling 2002 fictional novel PG County which explored the exploits of prominent fictional Black characters.How then did the county eventually become the poster child for having the highest rate of mortgage foreclosures in the state of Maryland? Foreclosure sales in the county have jumped from 34 percent in 2009 to 51 percent by June 2011.

via Rich Blacks and High Foreclosure Rates: Can Rushern Baker Save the Day? | Political News and Opinion from a Multicultural Point of View.

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