for those that dont know that is when uppercalss people by property in lower class parts of town (usually the inner city) for cheap. They of course fix up the proprty and drive up the price. But because the value of the surrounding area goes up, when the new tax assesment comes often people who have owned thier property for years con now no longer pay the taxes and have to sell (although usually for the new higher value). But the result is once black inner city nighborhoods become white enclave for white yuppies (before you call me racist; by yuppy, I mean Young Urban Proffessional).
This is happening where I live, fortunately ofetn black people can still afford to live here, but many of them are relocated, to where, I dont know.
2007-02-17
08:34:36
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9 answers
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Anonymous