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Vivian Tu - 1 Tu - 1 they'd - 1 — - 1 we've - 1 Wall Streeter - 1 Paul Austin - 1 Tenisha Tate - 1
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☆ A Black couple settled with the appraiser who valued their home almost $500,000 lower than when a white friend posed as the owner, report says
  + stars: | 2023-03-09 | by ( Pete Syme | ) www.businessinsider.com   time to read: +3 min
The Black couple decided to "whitewash" their home and had a white friend pose as the owner. Their home was revalued at $1.48 million and they've now settled with the appraiser, per NBC News. That second appraisal valued the home at $1.48 million – a $487,500, or 49%, increase from Miller's appraisal just three weeks earlier, per the filing. This case isn't the first time discrepancies between Black and white homeownership have been discovered. And last year, the New York Times reported on a Black couple in Maryland who filed a lawsuit after their home was valued $278,000 higher when a white colleague pretended to own the home.
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☆ Private-equity firms are coming around to the idea of using more data in the investment process. It's still an uphill battle.
  + stars: | 2022-12-20 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
Take Blackstone, which recently expanded a data tool it originally built for its real-estate business to be used across its PE portfolio. As recently as just a few years ago, PE firms were just starting to warm to the idea of building out data-science teams. But that tech has been a hard sell for PE firms as well, until recently. Many PE firms are just now waking up to the possibilities of the public cloud. To be fair to PE firms, figuring out how to incorporate data analysis into the investing process is no easy task.
☆ 2 money questions people of color shouldn't be afraid to ask their white friends, according to a 27-year-old Asian American millionaire
  + stars: | 2022-02-05 | by ( Leo Aquino | Read More | Read Less | ) www.businessinsider.com   time to read: +4 min
Tu says people of color shouldn't be afraid to ask their white friends about their salary and mortgage rates. The first appraisal with the Tates' family photos was appraised $455,000 less than the second appraisal with white family photos. Here are two simple questions that people of color shouldn't be afraid to ask their white friends. She adds,"If your white friends really are your friends, they will help and share their salary with you." Here are some additional questions people of color can ask their friends about their salaries:Did you get a raise this year?
Persons: Vivian Tu, Tu, they'd, —, we've, Wall Streeter, Paul Austin, Tenisha Tate, Austin Organizations: Service Locations: Marin City
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