That's what Charlie Sykes, Jeff Wagner, and upstanding citizens will tell you. And that's why they all oppose affordable housing going into the failed New Berlin City Center. It's not about race, they'll tell you. It's not about the race of potential renters -- it's about the the property values of folks who bought $300,000 condos on speculation that high end retail would come in, that property values would rise and rise despite being a (soon-to-close?) Walmart, etc. The fact that some of the condos are now being marketed as rental properties tells you all you need to about how things are going at that development.
But does affordable housing drive down neighboring property values? It's a matter of faith for Sykes et al. But there is plenty of evidence that it's a myth. Not that Sykes and racist New Berlin residents would want to be troubled by, you know, facts and numbers and stuff.