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Right, but doesn't this explain what they see just fine? The walkable parts of cities are the gentrifying cores, which are now expensive, but 30 years ago were
by iguy 7y ago
Right, but doesn't this explain what they see just fine? The walkable parts of cities are the gentrifying cores, which are now expensive, but 30 years ago were in deep decline. Were poor, now rich, call that upward mobility to sell the paper?
- ghaff 7y agoOther than that they're largely different groups of people. It's mostly young professionals displacing blue collar workers and racial minorities. With some exceptions like Manhattan, graduates of 20 to 30 years ago didn't live in city cores or often even commute to them. In my grad school class--the New Yorkers aside--almost no one I knew moved into a city. They were all out in the suburbs, which is where most of the companies they worked for were located as well.
- iguy 7y agoYea, I know. And since they track people by tax returns it can't literally be the rich newcomers who are the today datapoint. But I'm still pretty dubious about the causality they claim.