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> Look at the backlash over 'gentrification'. No, we like our squalor just the way it is! This is highly dismissive of all the actual and legitimate problems g
by aurailious 8y ago
> Look at the backlash over 'gentrification'. No, we like our squalor just the way it is!
This is highly dismissive of all the actual and legitimate problems gentrification has.
- imgabe 8y agoWhich are? There was a recent study which showed low income people in gentrifying neighborhoods don't move any more frequently than low income people do generally. And for those who actually own property, they get a huge windfall.
- xVedun 8y agoMaybe some residents benefit from gentrification, but it seems that gentrification actually speeds up housing prices. Sources: https://journalistsresource.org/studies/economics/real-estate/gentrification-urban-displacement-affordable-housing-overview-research-roundup https://journalistsresource.org/studies/economics/real-estat...
- stickfigure 8y agoSummary: Nice houses in nice neighborhoods cost more than crappy houses in crappy neighborhoods. This seems... reasonable.
- andrepd 8y agoSo you're agreeing with the criticism then? Property owners get stacks of cash, rich people move in and "take over" the neighbourhood, and the "commoners" get zilch.
- pc86 8y agoOwning a generally appreciating asset then selling it generates more income than renting it and leaving. That seems pretty tautologically correct, doesn't it? I don't see how stating basic economic/mathematical facts can be considered a "criticism."
- blacksmith_tb 8y agoA 'huge windfall' of sorts - they can sell their property for much more than they paid, but they may not be able to stay in the neighborhood, because their property taxes will have grown proportionately.
- squirrelicus 8y agoAre we supposed to care if people that get a huge windfall can't stay in their neighborhood? Like seriously, who cares? This isn't a real problem.
- fhood 8y agoBecause moving sucks. I hate moving and I do it a lot. And one thing I hate even more than moving is being forced to do something unpleasant through no fault of my own.
- squirrelicus 8y agoYeah but, what rights are being violated? Less importantly, why do you expect me to care that you don't like moving? Is there a more irrelevant thing to be brought up for public policy discussions?
- fhood 8y agoIt is very cool and pragmatic of you not to care about the misfortunes of others. I am deeply impressed.
- squirrelicus 8y agoGetting a windfall and having to move is not a misfortune. Having to move is not a misfortune of any magnitude meriting sympathy. I don't like tying shoes. Big deal, who cares?
- wbl 8y agoBoo hoo hoo you made a lot of money. You could sell some of that value to pay the property taxes, even doing a leaseback.
- Spooky23 8y agoLow-middle income people get evicted. Poor families tend to not move very much -- those transition numbers don't reflect that as the hardcases are very mobile. My city, which is basically at the median for prices nationally has a 60% home ownership rate. The poorest wards have a home ownership rate between 10-20%.
- deleted 8y ago[deleted]