“Hi Gina, I hope you have a good time,” I happened to be back in two weeks. “My name is Christine, and I’m a land buyer. I’m going to reach out and see if you have any plans to sell.” The text is signed by “Double Acres.” Twin Acres are not registered real estate agents. Grist’s attempt to text a return number has not been answered yet.
Sometimes, Meckley said she would answer the text. “It depends on my mood. I think I’ve said once or twice, ‘Go to hell.'” She has no plans to leave. She was raising her family at home and her husband’s grandparents bought a local brewery.
Some theorists call This phenomenon is “disaster gentrification” when real estate investors flood disaster areas with cheap purchases of damaged real estate.
Samantha Montano, Professor of Emergency Management, Author of the book Disaster StudiesAfter Hurricane Katrina, I lived and worked in New Orleans for several years and saw my own eyes happen. In areas such as Xiajiu District, some people who have been displaced due to storms have no resources to return. Speculators rushed in. Some landowners have become Instant Millionairesell its property to out-of-state developers who want to rebuild and flip their property.
“The problem of gentrification in New Orleans has been around since the beginning,” Montano said. “There are many groups warning that housing policies and other restoration policies should be advocated to explain gentrification. [They] Try to prevent it. “Twenty years later, New Orleans demographics have changed: low-income and black residents have already happened DisplacedAnd, wealthier new residents occupy their place. “Of course, this is very intertwined among people who are restoring and able to return and rebuild resources,” she said.
Earlier this year According to Dwellhome design news website. That’s almost twice as much as they usually represent when compared to buying a home. Only six companies (they are Marine Development Corporation and Black Lion Properties LLC) ruled these deals in Altadena, spending millions of dollars on destroying real estate in the historic black community. It’s hard to find out who these companies are: Usually, they contact potential sellers via fake phone numbers or not necessarily with names attached to the real company.
Consistent value of lands Rapid rebound, This means buyers can flip the land or home – sometimes even without repairs. As climate change burns frequently in the United States, “disaster investors” appear to be bringing more profits than ever before, while communities like North St. Louis bear the burden.
Three months after wildfires swept the area, a sales sign was held in Altadena, California in March.Photo: Yamada Juliana/Getty Images
