In DC, public housing tenants forced out, then homes flipped
WASHINGTON (AP) — In the rapidly gentrifying nation's capital, real estate investors aren't the only ones flipping houses for profit. The city's public housing authority is getting in on the action — moving aging tenants out of homes where they've lived for decades, renovating them and selling them to wealthy buyers.The renovations, at a cost of more than $300,000 per home, are outfitting the houses with luxury amenities, and some of the houses have sold for nearly $900,000. Others, however, Read more [...]