Gentrification 101: The D.C. Chronicles

Seventy-four year-old veteran Wilson Gregory had paid off the mortgage on his Southeast D.C. home many years ago. Yet while he realized a tripling of the value of his single-family brick structure, the market in Washington real estate was booming, even in his community, which was for years avoided by all but long-term residents. His property value quadrupled, while his fixed income only inched upwards every few years. Eventually, he fell behind in his property taxes.
His family rallied aroun...