Reply to D.C. has the highest ‘intensity’ of gentrification of any U.S. city, study says

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]A lot of AAs haven’t made out like a bandit, their opportunity for generational wealth via real estate was actually ripped from them. Plenty of forclosures and developer low balls are responsible for the houses transferring ownership. I know of a few cases some years back of elderly people losing their home for not being able to pay their rising property taxes on time because of a limited income. The paper actually did a story on a widow who lost his house due to a tax balance less than $2 in a hot neighborhood. [/quote]

How many of these versus the ones who did make a lot of money selling grandma's old house? Hmm? A few cases of people who didn't make money doesn't mean anything. Look, millions of whites lost houses to foreclosure too, or live in dying mill towns or Appalachia where their house is worth peanuts and people ignore those when talking about generational wealth via real estate. Right now in DC there's a big shift of black homeowners selling to white homeowners either themselves or via flippers and [b]most[/b] are walking away with plenty of money. 
[/quote]I have no idea whether that's true or not.  Are you making an assumption or can you cite an article supporting that?[/quote]

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