There Goes the Neighborhood: The effects of house flipping

The word “gentrification” probably brings up images of long-time tenants being forced out of an apartment -- in favor of some young tech worker with a beanie and an Audi. Well, that happens. But the issue is a lot more complicated. Get the podcast.

Peter Schulberg does demo work on a craftsman home he's flipping in LA's Jefferson
Park neighborhood. Peter bought the property for $578,000 and thinks he can sell it
after renovations for $850,000. (Photo: Saul Gonzalez)