White folks move out then back......and the effect on others is...
ajc.com | Atlanta/South Metro | Intown housing out of reach of most:
"Kurt Albertson is learning firsthand about the crisis housing experts say is facing Atlanta and other American cities -- prices beyond the reach of the rank and file who work in retail, teach school, nurse the ill, police the streets and fight fires. Beyond the reach, even, of young business consultants making more than $100,000 a year.
'With $300,000 for a house, I can't find anything decent in an area I want to be in,' said Albertson, a consultant with a master's degree in business admin- istration.
'I looked at one in Peachtree Hills [in Buckhead] that looked like a treehouse and I didn't even go inside,' he said. 'There was one in Midtown that looked like an old cottage you'd see in the woods. I found a nice new one on the east side of Candler Park [in the DeKalb County portion of Atlanta], but it was kind of in a bad area and shared a driveway with a house that was being rented, and there was trash and cars all over the place."
snip
"There is still stuff available for relatively minor prices, but the rub is that they are not the typical homes in the typical types of neighborhoods that the middle class has come to expect to live in," said Larry Keating, a Georgia Tech professor who studies housing. "The neighborhood may have people of a different color and the house may need to be rehabilitated. Some people don't want to live in places like that."

nuff said.....