John Green
Joe Carrol
Following up on Part 1 with John Green and Joe Carrol, I probed into the ongoing social issues in America today with race relations and a particular focus on the real estate industry. John Green and Joe Carrol were forthcoming about the disparities that exist between Black and White people regarding the wealth gap and the percentage of participation in Senior leadership in our industry. From there they offered suggestions both systemically to be more aware of the “unconscious” racism that many of us have and individually to tactics to promote equality and courage among Black young professionals to pursue opportunities. This was a very compelling conversation on many levels. Hope you enjoy!
Bios
See Part 1
Social Issues
Joe Carrol
- Uses “planting seeds” analogy for improving the social condition (4:00)
- Life, Liberty, Pursuit of Happiness
- Killings of blacks by Police are now becoming important
- Actions in the short term are not “long term” in their impact and “don’t get it done”
- The need for “long term” impact is important to consider
John Green
- Seeds planting with children to provide security, love and understanding (8:00)
- Long arc of perspectives about race (9:15)
- Hopeful that activities of the moment can be long lasting (9:30)
- Nation has a short attention span
- Complex and nuanced issues that need a longer view (10:15)
- Wealth gap is significant (10:30)
- Compounding interest for multi-generational wealth
- Whites have a 17X net worth over median Black families (11:00)
- Real Estate has a unique opportunity to make an impact on this difference (11:45)
- Median family in US has 2/3 of their wealth in their home (12:15)
- Acknowledge that Minority families are underrepresented in ownership and wealth potential (13:00)
- Senior Exec. Leadership in Real Estate have only 2% Black leadership (13:50)
Joe Carrol
- Real Estate is a “pure market” business and become insulated from social awareness (14:30)
- Story about “No people living on Capitol Hill” discounting the Black population- gentrification (15:30)
- Distorted mindset about the population
- Should individuals have a role in the gentrification? (17:15)
- Governments accelerated the process
- Copout for Real Estate Industry (18:30)
- Wants to play his part to change the mindset (19:00)
John Green
