Penjihad's Blog

"To comfort the afflicted and afflict the comfortable"

Taxes in Washington State; Ethnic Cleansing or Gentrification?

Oh, happy day! Real estate property prices are stratospheric. Much money is being made by investors, real estate brokers and the mortgage industry. Cities and states are flush with the taxes from increased sales and increased values, how can we not be happy? 

Amid the shouts of joy and the popping of champagne corks, the moans of the people at the other end of this celebration go unheard, their tears, unnoticed. These are the people who bought their modest homes decades ago with the intention of living out their lives in their homes. That was not to be, because they are now forced to sell their homes and move to distant homes while their homes make way for mansions. 

Several years ago, I was a real estate broker helping a client sell their home in a Seattle’s predominantly Black district. I was standing outside when I met an older Black gentleman and we chatted for a brief while. He told me he lived “down the hill”, he bought his home decades ago for just a few hundred dollars. Now, he continued, he does not know what to do because his property taxes are more than the money he makes. “I have to think about moving South but even there, the prices are high, where do I go?” 

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July 13, 2021 Posted by | Uncategorized | , | 1 Comment