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And then the current residents leave before their investments (their homes) lose value and the neighborhood as a whole loses value (or turns into a slum). Peop
by FuriouslyAdrift 3mo ago
And then the current residents leave before their investments (their homes) lose value and the neighborhood as a whole loses value (or turns into a slum).
People vote with their feet and their wallets.
- davidw 3mo agoThis is not actually a thing that happens because 'someone built an apartment building'.
- FuriouslyAdrift 3mo agoNever heard of white flight, huh?
- xboxnolifes 3mo agoMight want to look into why white flight even happened in the first place. It wasn't because apartments were built.
- FuriouslyAdrift 3mo agoIt was directly tied to the disruption of neighborhoods culture. That's the root of my supposition.
- deleted 3mo ago[deleted]
- watwut 3mo agoIt was because the new people were not white. They were black. The culture was not a factor, no matter how respectability politcs exactly as white they acted, they were black and thus a threat.
- davidw 3mo agoThat's what 'FuriouslyAdrift' is saying. Those are the people he/she does not want in the neighborhood.
- FuriouslyAdrift 2mo agoThere are plenty of blacks (and latino, indian, phillipino) in my neigborhood as it's a firmly middle class neighborhood. What we don't want is CRIME and transient residents that don't care about the area along with the landlords that are out of state.
- xboxnolifes 3mo agoI love all of those examples of cities where the housing prices dropped because people moved out due to building more housing.