Comment by jimbokun
9 hours ago
I will never understand the fight against “gentrification”. You want property values in your neighborhood to go DOWN?
9 hours ago
I will never understand the fight against “gentrification”. You want property values in your neighborhood to go DOWN?
Property values going up is only appealing if you own property.
For renters, it means they're going to try to increase rents.
For everyone, it presents a pressure on favourite local businesses-- higher costs, and an influx of well-bankrolled outside competitors.
There are a myriad of sources available to help you understand.
How to Kill a City is a good one.
Value of an illiquid asset doesn't help renters who don't own that asset or residents who aren't in a position to liquidate.
Furthermore, the absolute last thing most of these communities need is an influx of people who have fewer big problems in their jurisdiction because those people always go right to work turning the screws of government on the poors and existing residents.
I'm not saying vote against change at every turn, but given the choice between heavy industry and rich people I'm taking the heavy industry every damn time.
So White Flight was a good thing?