Eight years after the housing bubble burst, the wreckage of the mortgage crisis continues to pile up, with at least five million homes lost to foreclosure to date. The toll has been greatest among blacks, who were twice as likely as their white counterparts to lose their homes.

Foreclosure-effected displacement among communities of color has been so pronounced that some have argued it’s potentially greater in scope than the postwar Great Migration.

The same actors who bear responsibility for the financial crash have been upbeat about its aftermath: in 2011, analysts at Morgan Stanley blithely proclaimed that the US was in the midst of a transformation from an “ownership society” to a “rentership society,” a prediction that proved prescient, in part thanks to Wall Street’s own efforts.