4 ms·
That sounds...great? You just described urban renewal. It's got to start somewhere, it's not going to happen all at once all over the city.
by mwfunk 12y ago
That sounds...great? You just described urban renewal. It's got to start somewhere, it's not going to happen all at once all over the city.
- Shivetya 12y agourban renewal does sound great until you realize the only people who suffer are those who are already suffering. So you have depressed prices which means large swaths of property can be bought out on the cheap. Then those areas get developed and local property values increase. However, instead of buying out the dieing islands of poor they are driven out either through increased taxes, zoning, or imminent domain seizures, which turn the property over to the very same people who would not buy it when they know government will take it for them