ABSTRACT
For the homebuyers, gentrification was seen as a route to economic success through homeownership. The desire for accumulation of savings is the most obvious reason that Black homebuyers might desire gentrification, but was not the only reason. Homebuyers who were most interested in stability were generally buying in more diverse neighborhoods. The dream of establishing a “family house” that will provide shelter, community, and financial stability for generations to come is only possible when purchasing in a neighborhood that is stable or improving. Unfortunately, racially disparate housing market outcomes make this goal extremely difficult for African Americans to attain. The chapter concluded by proclaiming that homebuyers who were able to purchase homes reported satisfaction with their houses in the months after their move, the places that they moved to seem quite precarious when it comes to the things that they desire: neighborhood amenities, racial diversity, and rising home values.
