Comment on Funny how that works

<- View Parent
SirSamuel@lemmy.world ⁨1⁩ ⁨week⁩ ago

Unfortunately taxes is how gentrification of neighborhoods removes the poors. If property taxes remember relatively flat for low income property owners they could actually benefit from the equity they put into their homes. Instead of rising with the waters of gentrification they are squeezed out of their home and future benefits of living in an improving neighborhood.

Source: happened to a family member (I’m too poor to buy but too wealthy for HUD)

source
Sort:hotnewtop