Activists rally against gentrification in Cypress Hills, East NY
Some community activists rallied Saturday against home speculators who they say are invading areas of Cypress Hills and East New York. They say the speculators are buying homes and properties at low
News 12 Staff
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Dec 11, 2016, 8:50 AM
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Updated 2,693 days ago
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Some community activists rallied Saturday against home speculators who they say are invading areas of Cypress Hills and East New York.
They say the speculators are buying homes and properties at low prices and pushing people out of their own communities.
Activists say the speculators are using deceptive techniques by promising sellers lots of money, undervaluing the homes, then bombarding the unknowing homeowners until they give in.
Activists say these tactics will only lead to gentrification in more neighborhoods.
Longtime residents in Cypress Hills say they stuck it out through the tougher times, and they deserve to remain in the neighborhood as much as anyone else.
