Don’t Sell Your Gramma’s House is a plea. A plea to first assess all of your options before selling property owned in a neighborhood experiencing gentrification.

Gentrification is the process of a neighborhood's economic and social make up or character changing. The economic changes often include: significantly higher rents, property tax increases, store closings of small businesses, store openings of new locations for major franchises, demolition of older homes and replacement with modern large homes, and brand new apartment buildings. To support these economic changes, the neighborhood’s population changes dramatically. The social character of a neighborhood changes as current renters are priced out of the market and current landowners sell or lose their property. In the place of the existing residents, enter a younger and wealthier population.

This episode is for property owners who want to play the long game in gentrification. Jasmine Jones-Bynes pulls from her tenure in commercial real estate finance to offer five steps for property owners to protect themself from displacement and generate profit during gentrification. This is not intended to be an exhaustive list but a starting guide to making a well-informed decision about property owned in a gentrifying community. Jasmine draws on her own lived experience growing up in a community experiencing gentrification and fighting to protect her family's assets. The steps offered are the source of both professional and personal experience.

This episode is a follow-up to Jasmine’s conversation on the Black Womens Healing Podcast, watch the episode on YouTube here. 

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Resources from the episode: 

Displaced By Design National Community Reinvestment Coalition

 Andre Perry Know Your Price:Valuing Black Lives and Property in America's Black Cities

A different approach to boarded-up houses and devalued homes: Catalysts for community-led renewal in Black neighborhoods

Sustainable for whom? Green urban development, environmental gentrification, and the Atlanta Beltline

The Black Urbanist Substack 

Zoning as discussed on the show: 

Planning for a Growing Metropolitan Area while Growing your Planning Career

Planning for Impact with Desiree "Dee" Powell

Failing to plan is planning to fail