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Gentrification has way more to do with landlords - your neighbors and a couple of corporations - than the people that can afford the prices they were offered I
by yieldcrv 3y ago
Gentrification has way more to do with landlords - your neighbors and a couple of corporations - than the people that can afford the prices they were offered
I’ve been to a lot of cities in various time periods and almost nobody in any of them seems cognitively acute enough to recognize this
This seems to benefit the landed gentry as the squabbling they cause from their gambles on the highest rent and ownership prices possible completely exempts them from criticism
(In this model it draws the line at renters who offer an even higher rent to close faster, since there tends to always be units available at the offered price.)
- truckerbill 3y agoYeah the phrase needs to be rent-seeking or landlordism not gentrification. Non-productive costs are a leech on society.