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re: In New Orleans and elsewhere a big topic is gentrification.
Posted on 5/15/21 at 3:43 pm to Napoleon
Posted on 5/15/21 at 3:43 pm to Napoleon
quote:
I just don't see how moving into an area and fixing it up is ever bad.
It’s not. But it doesn’t even matter if it’s “bad” for one party.
We live in a free society. We can own property. People can’t prevent it. You damn sure don’t want the lowest common denominator determining what successful people can do.
0
Posted on 5/15/21 at 3:47 pm to TigerintheNO
quote:
In Louisiana your neighbors property tax just increased 17 fold, went from paying property tax on 25K to 425K after homestead exemption.
That poor sob would net 400k by selling his house and buying into another 100k home that he so desperately misses.
Posted on 5/15/21 at 3:54 pm to Napoleon
quote:
Then how come it's wrong to point out the inverse of Gentrification? When once nice areas are ruined by an influx of section 8 housing. This is an equal problem to Gentrification in my opinion.
In this case, the people who mostly worked for their money have their investments ruins by people who mostly sit on their arse.
Posted on 5/15/21 at 3:56 pm to Ebridg3
quote:
I wonder what percentage of said people in an area being "gentrified" that are complaining, happen to be living on benefits that are mostly funded by taxes from those who live in nicer areas.
80% or higher. The path of least resistance in life for those people.
Posted on 5/15/21 at 3:57 pm to Napoleon
Gentrification is just another layer of the white supremacist onion that is the United States.
Posted on 5/15/21 at 3:59 pm to Lester Earl
quote:
Imagine you are black & all your neighbors were once back.
ok
quote:
Now all your new neighbors are the average Tigerdroppings poster.
You ever read the shite posted here? What people actually say & think when they have anonymity.
Yea, those are your new neighbors.
all their new carpetbagger white liberal neighbors are definitely NOT the average tigerdroppings poster
This post was edited on 5/15/21 at 4:00 pm
Posted on 5/15/21 at 3:59 pm to Chuck Barris
quote:
Personally, I'm of the opinion that gentrification is an inevitability and isn't a bad thing overall when it does happen, but you'll be better able to understand why some people don't like it when you view the above scenario from the perspective of a renter.
Imagine that you rent the above house for $700 a month. Of course you'd like to live somewhere nicer, but you need affordable housing, it's close to your job, and your elderly mom lives right down the street so that makes it easier to look after her.
When the $100k house you've been renting turns into a $500k house, your rent goes up significantly. You either dig deeper every month to pay rent or you're forced to move, which means giving up everything you liked about the place where you used to live plus all the expense and hassle of moving.
In what world do you think it would be reasonable for rent on a 500k house to be 700/mo.
And many renters don’t pay the taxes. The landlord does. And as for that landlord...you know the guy who actually owns the property, he’s very happy because his rent possibility tripled at minimum.
Posted on 5/15/21 at 4:02 pm to Napoleon
quote:
Gentrification
Is a nonissue amongst normal people.
Oh and also it’s racist.
Posted on 5/15/21 at 4:07 pm to Lester Earl
quote:
Put the money aspect to the side
Imagine you are black & all your neighbors were once back.
Now all your new neighbors are the average Tigerdroppings poster.
You ever read the shite posted here? What people actually say & think when they have anonymity.
Now imagine you are a white guy, and all your neighbors were white.
Now all your neighbors are black. The crime rate has skyrocketed. Your neighbors hate you. And your property is worth almost nothing compared to what it used to be worth.
In your scenario, the black guy quadruples his money if he sells. We know statistically, the black guy is in a safer environment than he was before.
The white guy is worse off in every single way.
Posted on 5/15/21 at 4:07 pm to moneyg
quote:
That poor sob would net 400k by selling his house
For a percentage of the residence this may be the case. However, for many they are living in a family home that was bought 60-70 years ago(or longer). The property has never gone through a succession and is still in the original owners name. Odds are the current occupant is a part owner with other descendants of the original owner. Odds are some of the part owners do not ever know they are part owns of this house. I have seen where one house has 20-25 co owners. When you go to sell the house they will have to sign off on the sale and they will want there share of the money. 400K does not go as far when you have to divide with the other co owners.
Posted on 5/15/21 at 4:16 pm to cajunandy
quote:
For a percentage of the residence this may be the case. However, for many they are living in a family home that was bought 60-70 years ago(or longer). The property has never gone through a succession and is still in the original owners name. Odds are the current occupant is a part owner with other descendants of the original owner. Odds are some of the part owners do not ever know they are part owns of this house. I have seen where one house has 20-25 co owners. When you go to sell the house they will have to sign off on the sale and they will want there share of the money.
So they don’t even own the property? What complaint could they possibly have them? They have no claim to the area.
Posted on 5/15/21 at 4:25 pm to moneyg
quote:
So they don’t even own the property?
no as soon a the original owner dies, his heirs are considered the owner the property,(although they can renounce their inheritance) they have an undivided ownership interest with the other heirs.
Posted on 5/15/21 at 4:25 pm to cajunandy
quote:
So they don’t even own the property?
no
Then they have lost NOTHING
Posted on 5/15/21 at 4:27 pm to cajunandy
quote:
The property has never gone through a succession and is still in the original owners name.
And whose fault is that?
Posted on 5/15/21 at 4:28 pm to moneyg
It’s the same problem that will never end as long as there are poor people and rich.
While in the short term I do think it can hurt poor people who are displaced, I think in the long term it’s always good to break up areas of poverty.
While in the short term I do think it can hurt poor people who are displaced, I think in the long term it’s always good to break up areas of poverty.
Posted on 5/15/21 at 4:31 pm to tigercross
quote:
And whose fault is that?
It’s not about fault.
He thinks the person freeloading on the property that is owned by 20-25 others is owed something for being priced out.
It’s humorously counter to logic.
Posted on 5/15/21 at 4:37 pm to moneyg
let me clear this up for you.
Say your Great grand father owned 100 acres of land at his death and had 6 kids. Each kid has a 1/6 undivided ownership interest in the 100 acres. Now say your grand father was one of the six and he had 4 children. When he died his kids now have a 1/24 interest in the property(1/6 *4) Say one of the children of your grand father is you mother, when your mother dies you would inherit her 1/24 interest that you would split with any sibling you have.
When it come time to sell the property you can only sell the interest you have in the property, which is 1/24* the number of children your mother had. If all the heirs of your great grand father agree to sell the property for 400k then your mother would be entitled to 1/24 of the 400k or $16666.
Say your Great grand father owned 100 acres of land at his death and had 6 kids. Each kid has a 1/6 undivided ownership interest in the 100 acres. Now say your grand father was one of the six and he had 4 children. When he died his kids now have a 1/24 interest in the property(1/6 *4) Say one of the children of your grand father is you mother, when your mother dies you would inherit her 1/24 interest that you would split with any sibling you have.
When it come time to sell the property you can only sell the interest you have in the property, which is 1/24* the number of children your mother had. If all the heirs of your great grand father agree to sell the property for 400k then your mother would be entitled to 1/24 of the 400k or $16666.
Posted on 5/15/21 at 4:44 pm to cajunandy
quote:
let me clear this up for you.
Say your Great grand father owned 100 acres of land at his death and had 6 kids. Each kid has a 1/6 undivided ownership interest in the 100 acres. Now say your grand father was one of the six and he had 4 children. When he died his kids now have a 1/24 interest in the property(1/6 *4) Say one of the children of your grand father is you mother, when your mother dies you would inherit her 1/24 interest that you would split with any sibling you have.
When it come time to sell the property you can only sell the interest you have in the property, which is 1/24* the number of children your mother had. If all the heirs of your great grand father agree to sell the property for 400k then your mother would be entitled to 1/24 of the 400k or $16666.
You haven’t cleared anything up.
You can’t see the forest through the trees. You are blinded by succession laws and haven’t even considered the absurdity of giving credence to someone complaining about gentrification when they don’t even own the property.
Posted on 5/15/21 at 4:45 pm to moneyg
quote:
He thinks the person freeloading on the property that is owned by 20-25 others is owed something for being priced out.
Is that what you go out of what I posted?
What I was trying to point out is that someone who is freeloading on heir property has a lot to lose by getting priced out of the property.
The fact is we came up with a way to get these properties at way below fair market value. You find just one of the heirs and buy out there interest in the property, then you low ball the other co owners, if the refuse then you file suit to Partition the property by Licitation, ie at sheriffs sale. Odds are no one will be there to bid against you.
Posted on 5/15/21 at 4:47 pm to moneyg
quote:
when they don’t even own the property.
they do own the property just none 100% of the property.
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