When Meredith Marshall and his family moved to Flatbush in the 1960s, all the white families moved out. Within 10 years, the neighborhood was 90 percent black, he recalled. “Neighborhood busting, as they call it,” he said. “First black family moves in, prices go down, all the white families move out. The brokers make money on both ends.” Today, as co-founder and managing partner of Manhattan-based BRP Companies — which pegs its real estate portfolio […]
source https://therealdeal.com/issues_articles/at-the-desk-of-meredith-marshall/#new_tab
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