Black woman says gentrification caused her to get lowball offer on her inherited home
32-year-old entrepreneur Keisha Credit says she has faced difficulty after inheriting a multi-million dollar home in Seattle, WA. Credit inherited the Central District property in 2020 after the death of her grandfather Daniel Duncan who purchased the home in 1953.
However, Credit says she was faced with instant solicitation to purchase her home one day after her grandfather’s passing.
In an interview with BuzzFeed, Credit says, “My home was solicited not just by ‘big corps’ and ‘real estate companies looking to lowball by mailers, this [handwritten letter] was from a neighbor in my community…the day after my grandfather’s body was carried across his threshold for the last time.”
Credit said she got offers as low as $800,000 and various letters that masked themselves as IRS workers, falsely alleging the property was behind on its taxes.
“It’s disrespectful and assumes I don’t know the value of my home,” she told BuzzFeed.
Credit says the lowball offers is a direct correlation to gentrification, “A slow but steady revamp of the neighborhood that prioritizes new buildings, new families, and new clientele instead of investments in existing homes and residents,” she said.
She has gotten up to three letters per week, Credit recognized the actions as an attempt to take ownership of the family legacy her grandfather built. According to the Seattle Times, residents in the Central District, where many minorities sought homeownership were redlined and forced to settle in specific neighborhood sections.
This caused a number of Black families in the district declined by over 50 percent by 2015, the Seattle Times reported.
Credit says she thanks her family for educating her on the importance of homeownership and preserving family assets.
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