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Transit comes with density and growth and usually increases in property values. When an area goes downhill but still has this services it creates a temporary s
by wolco2 6y ago
Transit comes with density and growth and usually increases in property values. When an area goes downhill but still has this services it creates a temporary situation that people can take advantage of certain aspects - live with increase crime but get increased services.
The wealth of yesterday created that situation. At some point someone will invest in that older area because of the location value.
The only way to artifically control that is through low rent units. Which create other barriers because one can never leave or they give up something even though it might make sense to move somewhere else for family or job reasons. When they always take 1/3 of gross getting a raise and taking on more responsibility seems counter-productive. Hard to break dependence.