If not for LBJ's great society black home ownership would be much higher as well. After all you cant own a home if you want to collect welfare, food stamps, have your apartment bill paid, etc, etc.
A friend of mine needs a liver transplant and he cannot work to support his family because of his illness. He had to sell his home because he was denied benifits because of the home ownership bit. Meanwhile his neighbor just down the street rents a house, collects welfare, rent is paid and they drive a cadillac.(he drives a old beater) He rants and raves about this every time I see him.
I don't blame him! All liberal entitlement programs reward undesirable behaviors and punish desirable behaviors.
Personally, I'd rather see a black family helped to acheive home ownership--as a family-- than have them paid to have illigitiment babies.