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

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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][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]

why is people not knowing how to manage something somebody somebody else fault [/quote]

+1 Getting really sick and tired of these types of excuses being used as examples of gentrification. Many of these people don't know how to manage finances and that is not anybody else's fault. Those with higher incomes shouldn't be tasked with figuring out how to help grown adults that never learned how to budget.[/quote]

I would normally agree with this, but the problem for me is that these are mostly elderly people.  We should be protecting them more.  We aren't talking about younger people making bad decisions.  The elderly get scammed all the time and most jurisdictions do try to watch for this.[/quote]

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