4 ms·
"driven up the property values and rent prices, creating animosity, evictions, and poverty" I'm sorry but I can't imagine the gentrification has caused poverty
by nathanvanfleet 13y ago
"driven up the property values and rent prices, creating animosity, evictions, and poverty"
I'm sorry but I can't imagine the gentrification has caused poverty. It's probably made it more inconvenient and pushed out people in poverty though.
- patrickg_zill 13y agoI hesitate to say that it "caused" poverty. But for people who have seen their rents go up while working the same jobs at roughly the same pay, you can see that a larger percentage of their pay goes to rent.
- altero 13y agoRent prices and other expenses skyrocketed. And not everyone has option to move out. So yes, it caused powerty.
- PeterisP 13y agoZoning laws creating an artificial scarcity of housing has caused the rent prices to skyrocket - already before that the prices were high enough to cause a boom in building lots of living space, if the city (by their voters) would allow it.
- Symmetry 13y agoI'm not too familiar with the SF housing legal environment, but in some places a lack of new housing is caused by preservation boards that are willing to declare, e.g., chain link fences as historical structures to prevent new development in their areas.
- hyperbovine 13y agoRent adjustments in Oakland are pegged to the CPI except in special cases. So long as you do not move, your rent will remain relatively stable.