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They Want My House
There Goes the Neighborhood
English - October 10, 2017 16:00 - 29 minutes - 26.6 MB - ★★★★★ - 537 ratingsDocumentary Society & Culture History gentrification brooklyn new york city nyc boroughs race real estate Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: This Is a Black Neighborhood. You Aren’t Black.
Once you know what to look for, they're everywhere. In mostly Latino and black neighborhoods, rows of aging houses with wrought-iron fences, their yards overgrown and concrete crumbling, are punctuated by homes with distinctive 2017 aesthetics. The fresh earth-toned paint job, burnished silver house numbers, horizontal fencing, drought-tolerant native grasses in the yard: it's a flipped house and it's probably selling for hundreds of thousands more than the others on the block.
In some of L.A.'s poorest neighborhoods more than 20 percent of all home sales are flips -- houses bought by investors within the past year and then sold for a profit.