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re: Mayors Discuss Ways to Stop Gentrification

Posted on 7/6/14 at 9:17 am to
Posted by SpidermanTUba
my house
Member since May 2004
36129 posts
Posted on 7/6/14 at 9:17 am to
quote:

So now your house is worth more. What's wrong with that?


For me nothing. its fricking awesome.


For the people paying rent in this neighborhood its a different story. We're definitely going to be jacking the rent way up (we have a duplex) when the current tenant finishes school and moves out.

Posted by PrimeTime Money
Houston, Texas, USA
Member since Nov 2012
27351 posts
Posted on 7/6/14 at 9:24 am to
I just don't see the big deal with gentrification. I mean, take my old neighborhood for example. When I lived there, it was a decent middle-class area and about 70% white.

Now, it's about 95% black, it's run down, and crime is rampant. And it's been like that for years now.

And I moved from there in 1998, so that was a drastic change that happened in only about 10 years.

As some neighborhoods see gentrification, some neighborhoods see the opposite. Neighborhoods change.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 7/6/14 at 5:51 pm to
Are these mayors willing to run their cities on reduced tax revenues when the values of properties are suppressed per their proposed policies?
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