TSD Memphis

Thu04242014

Opinion

Wealth-building power dips as land ownership decline rolls on

It is unfortunate that some of us do not even know the value of the land we live on or have inherited from our fore parents.
 
 Dr. Benjamin F. Chavis Jr.

Way before the current housing mortgage crisis that disproportionately has negatively impacted African Americans, there had been a 20-year steady pace of land loss in the majority of African-American communities across the United States. Now today with the additional persistence of high unemployment for African Americans, there is a corresponding destabilizing increase in the daily rate of African-American land loss.

In nearly all reliable reports, in particular from states where African Americans are over 30 percent of the population, more than 10,000 acres of land per day is now being lost….During the last 20 years, dialogue about this continued crisis has moved from awareness to reaction to cynicism and now even an emerging sense of hopelessness.

I do not believe black people in the United States, in the Caribbean, South America, or in Africa can afford to be casual or hopeless on the global issue of land loss by black people….

Thus, we hope that after you read these words, you will survey the land that your family now owns and make sure that the taxes are paid because thousands of acres are lost daily because abandonment or tax delinquency.  It is unfortunate that some of us do not even know the value of the land we live on or have inherited from our fore parents.  It is so sad to go to most county courthouses to see the long list of properties that are sold for less than one-tenth of the real value because family members for various reasons decided to let the family property become the ward of the state or county.

But beyond the sheer monetary value of black-owned land across America are the tremendous potential health-related and self-determination benefits for the use of this land.  So many of the diseases and serious health problems that African Americans face today are a direct result of not eating healthy food properly. When the majority of black people in the past lived on our own farms or in communities where there was a multitude of organic gardens, the overall health condition of our people was much better….

Today, there is a gradual reverse migration of African Americans from the northeast and midwest back to the southeast.  Will this trend lead to a reverse in black land loss? Whether you live in a big city or a small town, the questions about land ownership and the economic development of the African-American community are most urgent and important.  The Black church and other institutions that serve our communities should put a special emphasis on this issue. The establishment of local “land banks” and other cooperative efforts to pool the resource potential of our communities should be given a priority.

According to the Nielsen Company, Black American buying power by the year 2015 will reach in excess of $1.1 trillion.  We will not be able to create more wealth for generations to come, if we do not change our spending habits.

What are we spending more on? Appreciating assets or depreciating assets?  If properly done, land purchases can be a wise appreciating investment.

(Dr. Benjamin F. Chavis Jr. is senior advisor for the Black Alliance for Educational Options (BAEO) and president of Education Online Services Corporation and the Hip-Hop Summit Action Network.)

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