Property Is Power: The Land of Opportunity and Why Now Is the Time to Own Property

December 9, 2025

Dr. Anthony O. Kellum's Thanksgiving message urges Black Americans to pursue homeownership as a critical tool for building generational wealth and closing the racial wealth gap. He argues that despite historical barriers like redlining and discriminatory lending practices, property ownership remains the most powerful avenue for economic empowerment and stability.

Who is affected

Black Americans and Black families seeking to build generational wealth
Children of Black homeowners who gain stability through property ownership
Black communities experiencing nearly 30-point homeownership gap compared to white homeownership
Renters facing annually increasing rent costs
Dr. Anthony O. Kellum's clients and community members he serves through Kellum Mortgage, LLC

What action is being taken

Dr. Kellum is advocating for homeownership through this published message
Grant programs, down payment assistance, and specialized lending products are being made available
Home values continue to rise in the current market
Rents are rising every single year

Why it matters

This matters because homeownership represents the leading driver of generational wealth and stability in America, yet Black homeownership lags nearly 30 percentage points behind white homeownership. Property ownership provides families with protection against rising living costs through fixed mortgage payments, builds equity that can be passed to future generations, and strengthens entire communities through increased stability and power. The significance extends beyond individual financial gains to addressing systemic wealth inequality rooted in historical discrimination, while studies show homeownership correlates with higher graduation rates, increased family wealth, and greater community involvement.

What's next

No explicit next steps stated in the article

Read full article from source: Michigan Chronicle