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re: Mayors Discuss Ways to Stop Gentrification
Posted on 7/6/14 at 9:33 am to PrimeTime Money
Posted on 7/6/14 at 9:33 am to PrimeTime Money
quote:Morally, it's not a big deal. It's not a moral issue, even though some people try to make it one.
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.
But personally, it is a big fricking deal for some people. If you're a retired old timer whose family has been in the same neighborhood for a few generations, and your neighborhood has been gentrifying and pushing up property taxes, it might be a big deal to you that you can no longer afford your property taxes and are forced to move away.
In NYC, neighborhoods which were once unique cultural enclaves are being erased as people who have no ties to the neighborhood gobble up all the real estate and push out the old inhabitants. It represents a real cultural loss, which is a bad thing. But again, it's a natural process, it's inevitable, and IMO we shouldn't fight it.
5
Posted on 7/6/14 at 9:36 am to Hog on the Hill
quote:
and your neighborhood has been gentrifying and pushing up property taxes
so now we're getting at the root of the problem...the government and the revaluation of properties. Seems to me this is something these mayors could easily fix if they really wanted to.
Posted on 7/6/14 at 9:41 am to Hog on the Hill
quote:
But personally, it is a big fricking deal for some people. If you're a retired old timer whose family has been in the same neighborhood for a few generations, and your neighborhood has been gentrifying and pushing up property taxes, it might be a big deal to you that you can no longer afford your property taxes and are forced to move away.
Not just owners. Renters, too, will be pushed out. There are a lot of renters in mid-city.
Posted on 7/6/14 at 11:01 am to Hog on the Hill
quote:
But personally, it is a big fricking deal for some people. If you're a retired old timer whose family has been in the same neighborhood for a few generations, and your neighborhood has been gentrifying and pushing up property taxes, it might be a big deal to you that you can no longer afford your property taxes and are forced to move away.
Allow grandfathering of property owners against increasing property taxes (freeze their rate, or increase at lower rate).
While not "gentrification," the Isle of Palms has seen significant redevelopment with monstrous rental homes replacing the beach homes of previous local residents. Some residents were complaining about the property tax increases. I'd love it if the local government there found a way to work with property owners to help them stay. Could be something already in place, but the island is losing its relaxed feel to these ginormous homes.
And the local sales tax is nuts.
Posted on 7/6/14 at 11:20 am to Hog on the Hill
quote:
it might be a big deal to you that you can no longer afford your property taxes and are forced to move away.
oh damn. they'll have to sell their property and mint money in the process...the horror
fwiw, they could also mortgage their property to get the available cash to pay the increased property taxes
quote:
It represents a real cultural loss
define culture
Posted on 7/6/14 at 1:12 pm to Hog on the Hill
quote:
In NYC, neighborhoods which were once unique cultural enclaves are being erased as people who have no ties to the neighborhood gobble up all the real estate and push out the old inhabitants. It represents a real cultural loss, which is a bad thing.
In New Orleans it means cleaning up former crap holes like Bywater down towards Poland Ave. where the culture was drugs and death.
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