A home foreclosure in Oakland, California, in 2006. The city is a textbook example of gentrification.
A home foreclosure in Oakland, California, in 2006. The city is a textbook example of gentrification. - 
Listen To The Story

Oakland, California, is a textbook example of the effects of gentrification.

Between 2007 and 2011, more than 10,000 Oakland homes were foreclosed; 42 percent of those homes were purchased by investors. Research by the Urban Strategies Council and Greenlining Institute revealed a massive disparity between available mortgages for white buyers in Oakland versus people of color, who make up more than half the city population. A little more than 8 percent of those home sales were properties that were flipped. As of 2015, flipping houses in the Bay Area still yields the highest profits in the country, according to RealtyTrac.

Journalist Susie Cagle wrote about Oakland's changes for Curbed. In her piece, she profiles a specific house, 2523 Martin Luther King Junior Way on the west side of town.

And like most houses in the area, it's a flip.

Click the audio player above to listen to the interview. 

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Molly Wood at @mollywood