6 ms·
I can’t say what was in that woman’s head, but neighborhoods that have a lot of rentals tend to have a different character independent of race. Homeowners have
by cameldrv 6y ago
I can’t say what was in that woman’s head, but neighborhoods that have a lot of rentals tend to have a different character independent of race. Homeowners have stable enough lives to have saved up a down payment, they tend to be older and have families. They also have a reason to not annoy their neighbors, because they will have to live with them for many years.
Now, younger less settled people also need places to live, and the Bay Area’s solution is to send them to Stockton or something, but not everything is about race.
- whimsicalism 6y ago> not everything is about race. Sure, but we're not talking about "everything", we're talking about housing trends in American cities.
- davidw 6y ago"Economic segregation" is what I wrote, so not just race, but keeping those with less money away from "nice" neighborhoods and their good schools. Plenty of people who rent might buy if there were more opportunities to do so, which there would be if housing weren't such an artificially scarce good in the US. And when you describe 'those neighborhoods', keep in mind that that's probably a policy. If all neighborhoods had a mix of people, you wouldn't have quite so much of a concentration of people who aren't as wealthy.
- u678u 6y ago> Plenty of people who rent might buy if there were more opportunities to do so, which there would be if housing weren't such an artificially scarce good in the US. America has the cheapest housing in the Developed world. SF is not cheap, but its still cheaper than big cities in Europe.
- davidw 6y agoOh, I know something about that! I own a home in Padova, Italy. Land is mostly cheaper in the US, but Italy and most of Europe provide far more housing options, in large part because they do not impose things like single family zoning. Padova has twice the population of the town where I live here in the US, in about the same area, and housing is cheaper. The economy isn't great there, but that's a separate story from housing. If it were hotter, it's a place where you can simply build homes in many shapes and sizes, from small apartments to nice villas.
- adolph 6y agoPart of real property TCO is taxes. I wonder how Italy stacks up agains comparable areas of other countries. https://www.accountingbolla.com/blog/property-tax-in-italy-guide-for-2020 https://www.accountingbolla.com/blog/property-tax-in-italy-g...
- dahfizz 6y ago> If all neighborhoods had a mix of people, you wouldn't have quite so much of a concentration of people who aren't as wealthy. I don't think this is possible, or even desirable. A huge part of a home's value is the neighborhood. How much crime is there? How good are the schools? How are the neighbors? A "fancy" house and an "affordable" house in the same neighborhood are not going to have a large price difference. If you revert every neighborhood to the mean, then you more or less revert all property prices to the mean. Which means you have erased all the "affordable" housing options, and also reduced the QOL of the top 50% of people.
- AnthonyMouse 6y agoYou're missing the simple factor of square footage. A 1000 sq ft unit is going to be about a quarter of the price of a 4000 sq ft one for the simple reason that otherwise the larger unit would be subdivided or vice versa. So people with less money get less space, but that doesn't mean they can't live on the same street. Also, even to the extent that values are dominated by other factors, the intention is to increase housing availability through higher supply and lower prices. All housing becoming as expensive as upper middle class housing would be a problem, but all housing becoming as affordable as existing low income housing would be great.
- dahfizz 6y agoThis only applies to "units", not houses. A similar rule could apply to lot size, but lot size only makes up a fraction of the value of a house.
- davidw 6y agoIt's telling that so often, in the US, we refer to "units" in things like apartments, but it's a "single family home".
- AnthonyMouse 6y ago> This only applies to "units", not houses. Your expectation is that a 1000 sq ft "house" on a quarter acre of land would cost on the order of the same amount as a 4000 sq ft "house" on a full acre of land?
- foolinaround 6y agosome neighbourhoods are nice in and of themselves, due to their geography, proximity, etc. most however are good only because of the people that reside in it. When people of different classes ( not races ) have different opinions on what 'good' means, there is only going to be confusion. even a good neighborhood, once it is deemed as undesirable, will lose its values, its taxes, and soon, its schools.
- rsync 6y ago"Homeowners have stable enough lives to have saved up a down payment, they tend to be older and have families. They also have a reason to not annoy their neighbors, because they will have to live with them for many years." This can be generalized - beyond the housing debate - as "having skin in the game". As someone who has been (at various times) a short and long term renter, a landlord, and a homeowner ... it rings true to me that, generally speaking, renters invest less in their homes and their neighborhoods and have less at stake in the outcomes of those neighborhoods/communities. That was certainly the case with me as a renter. I don't think it's morally negative to segregate neighborhoods on the basis of renting vs. owning. The attempts to link this kind of segregation to past periods of literal racial segregation is, in my opinion, going to find less and less traction - especially as non-white stakeholders (homeowners) aspire to the same kind of skin-in-the-game cooperation with their neighbors.
- whimsicalism 6y ago> non-white stakeholders (homeowners) aspire to the same kind of skin-in-the-game cooperation with their neighbors. What about the rampant housing discrimination in home-buying (without any enforcement) [0]? What about massive racial wealth disparates? I think it is pretty naïve to suggest that the current backlash against having "renters" has nothing to do with race. Not more naïve than suggesting it only has to do with race, but close. [0]: https://projects.newsday.com/long-island/real-estate-agents-investigation/ https://projects.newsday.com/long-island/real-estate-agents-...
- rsync 6y agoWell, we could argue about this ad infinitum ... Or, we could take a shortcut and ask those very people what they think and what they would like. Which is to say, let's find some non-white stakeholders (homeowners) with skin in the game in their neighborhoods and communities and ask them what they think. I drive through some very nice, very well ordered, single family zoned nieghborhoods in Fremont - the owners of which are predominantly non-white. The same exists in many other bay area communities. Are those people vehemently advocating for upzoning and loss of local control ? Do those people have a strong preference for owners over renters ? Genuinely curious ...
- syshum 6y agoThere are dual problems with renters, my personal experience leads me to believe it is not the renters that are the problem in neighborhoods with high amounts of renters. While it is true the renter does not have "skin in the game" it is also true that many landlord put in only the absolute bare minimum of resources to maintain the rental property. For example my grandmother before she passed lived in a aging neighborhood, as the original residents passed the homes where sold off as investment properties. She generally had a good relationship with most of the renters however the owners of homes routinely refused to repair things, refused to have proper tree maintenance done, and other such problems that would not be the responsibility of the renter.
- tt433 6y agoIf the property is adjacent to a gentrified neighborhood but not yet pricey, the landlord can degrade service until the low income tenants leave, renovate the property, and charge new gentrified prices as well. I know of a couple buildings in the DMV area that were doing this within the last 10 years
- syshum 6y agoWell in my families case it was what ever the reverse of gentrification is. As the original owners died off in that neighborhood the neighborhood got worse and worse, more crime, less value, etc etc etc The owners of the properties were not waiting out the poor people hoping to strike it rich like you seem to be implying
- tt433 6y agoJust wanted to add there's lots of factors at play besides the renters specifically