Record #:

27426

Author(s):

Yeoman, Barry

Abstract:

In Durham, Guy Solie is buying houses and rental properties, fixing them up and renting them out to young professionals and Duke graduate students. Neighborhood residents and others claim that Solie and others are not revitalizing neighborhoods, but gentrifying them. Gentrification has a negative effect on traditional residents and middle and working class individuals as they are priced out of the market. Solie and others claim they are charging fair prices based on the market and revitalizing neighborhoods.

Source:

Independent Weekly (NoCar Oversize AP 2 .I57 [volumes 13 - 23 on microfilm]), Vol. 9 Issue 23, June 5-11 1991, p8 Periodical Website

Subject(s):

Durham County--Economic conditions; Real estate development--Durham County; Landlord and tenant