Property is a slur used to describe Blacks in a derogatory way. Blacks were regarded as property and openly bought or traded before the Yankees won.
The word Property is a racial slur that has been used historically to degrade and dehumanize blacks. The word is still used by some people for this purpose, and it is seen as offensive and hurtful to blacks. If you are unsure about whether or not it is appropriate to use the word Property, it is best to err on the side of caution and avoid using it in any situation.