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Deplorable clickbait journalism here. This piece over simplifies issues, uses a misleading sensational headline and then flat out gets the issue wrong because
by weatherlight 11y ago
Deplorable clickbait journalism here. This piece over simplifies issues, uses a misleading sensational headline and then flat out gets the issue wrong because the author has no real understanding of the issue he is attaching.
Gentrification is is no myth. Residential displacement does occur when existing apartment buildings are torn down to clear sites for new development and rising rents in housing stock that remains prices out local residents. Longtime residents who live on fixed incomes can be forced out of their homes due to rapidly rising property values and taxes. The author fails to explain the primary reason why the Columbia studies authors found reduced displacement in some areas. RENT CONTROL. What the data demonstrates is not that gentrification is a myth but that reasonable government actions can mitigate the worst negative impacts of new development. But then how many shares and clicks would that headline generate.