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Showing posts with the label blockbusting

Who is trying to buy up houses in west Orlando?

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Homeowners in many westside Orlando are being bombarded – by real estate investors. People in communities such and Washington Shores, Richmond Heights and others, say nearly every day they receive unsolicited letters, postcards and phone calls from investors urging them to sell their homes. Until a few years ago those historically black communities were overlooked and considered undesirable by many real estate investors. That changed, however, when gentrification swept through the nearby Parramore community pushing out longtime black residents sending rent and house prices through the roof. Affluent young white people are moving into Parramore and seeking other urban neighborhoods to call home. These changes also are underway in many historically black neighborhoods across the nation, such as New York City’s Harlem. Now Orlando gentrification pressure has crossed the Orange Blossom Trail and is invading the Greater Washington Shores area – a sprawling blac...