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A California couple says they were lowballed on a home appraisal because of their race. Paul and Tenisha Austin say the value of their renovated home skyrocketed 50% after a white friend met with the appraiser.

The Austins purchased their Bay Area home from another Black couple in 2016. After completing $400,000 in renovations, including adding 1,000 square feet to the home, they decided to put the house on the market in 2020.

The appraiser, an older white woman, told the Austins the house was worth $989,000 -- just $100,000 more than the original purchase price. The Austins are convinced race was a factor.

"I read the appraisal, I looked at the number I was like, 'This is unbelievable'," Tenisha Austin told the Atlanta Black Star.

"It was a slap in the face," said Paul Austin.

After discussing the situation with a white friend, the woman agreed to pretend the Marin City home was her own.

"She said 'No problem. I'll be Tenisha. I'll bring over some pictures of my family. She made our home look like it belonged to her,'" Paul told Atlanta Black Star.

The ploy worked. The home appraised for $1,482,000 -- or close to $500,000 more than the original appraisal weeks earlier.

The Austins' story only added to the frustrations of Black first-time homebuyers who are often rejected for home mortgages based on their race.

According to the Census Bureau, 44 percent of Black families owned a home in the first quarter of 2020, compared to nearly 74 percent of white families.

"Half of all blacks born between 1956 and 1965 were homeowners by the age of 50, but blacks born from 1966 to 1976 have a homeownership rate of just 40 percent," said Donnell Williams, president of the National Association of Real Estate Brokers.

"If trends continue, black millennials may not even reach a homeownership rate of 40 percent by the time they turn 50," he added.
 

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Miami's ultra wealthy parents are reportedly "losing their minds" over where the privileged children of Ivanka Trump and Jared Kushner will attend private school if they leave Washington, DC.

Page Six reports the Kushners purchased land on Miami's exclusive Indian Creek enclave where they plan to build a mega mansion if they're forced to leave Washington, DC.

Miami's mega-rich parents exchanged a flurry of text messages after the news broke of the huge land purchase. "I must have gotten 10 texts [about this] yesterday," one parent told Page Six.

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"The closest good Jewish school to where they bought their land is Lehrman, which is about 5 minutes away. Otherwise, Ransom Everglades, which would be far for them, Miami Country Day — which is about 15 minutes — and Cushman are all very good private schools. Pinecrest is a very good school, but super far. If they are going Jewish and plan to in the meantime rent or live in that area near where they are building the house, I bet Lehrman."

The well-to-do parent said they don't expect to meet their neighbors any time soon since construction crews have yet to break ground.

"The thing is, they bought a plot of land and building a mansion on Indian Creek is no small job — the houses are enormous," the parent said. "How long does it take to build a house from scratch? So who knows when they'd actually be in that house."

The Kushners have three children: daughter Arabella Rose, 9, and sons Joseph, 7, and Theodore, 4.

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A disappointed President Trump has canceled a planned state visit to Denmark after Prime Minister Mette Frederiksen adamantly refused to sell Greenland to him. Trump and his wife Melania were scheduled to arrive in Denmark on September 2 at the invitation of Denmark's Queen Margrethe II. But now Trump says he's not going.

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Young Thug 5AM Future Hendrix

Rap superstars Young Thug left, and Future Hendrix, right, attended a private "Breakfast With 5AM" meet and greet in support of New Interscope Records artist 5AM (wearing red jacket).

5AM is a music producer-turned-vocalist who is best known for his Puffy-inspired track, "New Diddy", released in 2017.

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