Posted on: August 12, 2025 06:36 PM

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Long time homeowners are the new millionaires in Queens

The word gentrify has no soul and it's on the market for the highest bidder for homeowners. So what's the catch?

A great example is Flushing where a some of the lifetime generation of homeowners using their intellectual sells to condo developers for ironclad proof contracts. Then find a temporary location to stay while waiting for the 6, 8, 10 or 12 story building construction to complete. Now the owners are moving back in for a deal of up to 5, maybe 7 or 8 units and rent them out while developers sell the rest of the units for a healthy profit.

Many homeowners are buying homes from others and stacking up the deals in favor of gentrifying while keeping their lands with new buildings.

The NYC Mayor is pleased with the result as almost 500,000 units have been completed under the affordable housing plan.

The picture shows Pople Avenue in downtown Flushing where the entire stretch was single family homes now all Babylon like towers.

America where anyone can be rich.