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re: What is your opinion on the gentrification of N.O.?
Posted on 6/19/15 at 11:23 am to TheCaterpillar
Posted on 6/19/15 at 11:23 am to TheCaterpillar
quote:
My thing that I always bring up is that people in these neighborhoods don't have to sell their houses. They are offered 5x more than they paid for it and jump at the chance, as would I probably.
You're right. I'd add that property taxes could eventually lead someone to be "forced" to sell, but as I know personally, the Tax Assessor here doesn't exactly value properties at anything that remotely resembles its market rate until it actually changes hands at a recorded purchase price.
My street is half new owners in the last 10 years, other half since around 1990. The 1990s people are probably being assessed around post Katrina prices right now
My property I purchased for 325k, a couple new buys are around 400k at the top, the old owners are around 225k or something for tax purposes. Seems they added maybe $5k a year by default and were done with it.
ETA: I'd like to add that my neighbor's house is a total dump and the blight of the block, so one of y'all please come by and buy it when he dies or I'll have to. Thanks.
This post was edited on 6/19/15 at 11:31 am
1
Posted on 6/19/15 at 11:23 am to lsupride87
quote:
Well, the young professionals here were a little to scared to be the pioneers as East Nashville was very "dark", whether that is fair or not. Once the hipsters turned it around they started moving in
We're looking there, Germantown, or something similar to buy
Posted on 6/19/15 at 11:25 am to TheCaterpillar
quote:Us too. Wish we could have been here two years ago though. Could have built in 200k in equity already
We're looking there, Germantown, or something similar to buy
Posted on 6/19/15 at 11:30 am to Teddy Ruxpin
and they went through all that mess to have one assessor and not 7
Posted on 6/19/15 at 11:32 am to lsupride87
quote:
Us too. Wish we could have been here two years ago though. Could have built in 200k in equity already
Yeah and the prices are RIDICULOUS right now. We are looking at starter homes (just got married) and a nice 1,800 sq ft house in East Nashville in a great spot is 300k+. Unreal.
We may end up buying a nice house on a shitty street and wait for it to become gentrified. They have newly redone homes that are badass, but have neighbors with pitbulls in their yards and bars on their windows
Posted on 6/19/15 at 12:12 pm to 504ByrdGang
I really can't wrap my head around someone thinking gentrification is a "bad" thing. The only way I can see this being a possibility is if they're the poor people being driven out. If you have a shitty house on your street with some poor people living in it would you be opposed to someone buying it from them and building a mansion? Of course not. Any property owner LOVES gentrification, if not, they're retarded.
Posted on 6/19/15 at 12:19 pm to MrLSU
quote:
Thank you Louisiana Movie Tax credits for fueling this massive influx of affluent workers into the the City of NOLA. The gentrification boom is largely fueled by Hollywood South and the movies that are being filmed down here.
ummm what? What do movies that come in and shoot for a couple months and leave have to do with gentrification? All of their work is temporary, not only is it not benefitting the state, the state is losing $4 for every $1 it brings in! The long term permanent jobs fueled by law firms, oil and gas industries, and tourism is what is making the city what it is.
Posted on 6/19/15 at 12:22 pm to Tigerstudent08
quote:
ummm what? What do movies that come in and shoot for a couple months and leave have to do with gentrification? All of their work is temporary, not only is it not benefitting the state, the state is losing $4 for every $1 it brings in! The long term permanent jobs fueled by law firms, oil and gas industries, and tourism is what is making the city what it is.
I think he was kidding.
Posted on 6/19/15 at 12:29 pm to yellowhammer2098
quote:
I think he was kidding.
Oh damnit I should've picked up on that, been a long week
Posted on 6/19/15 at 12:29 pm to yellowhammer2098
Yeah I'm a very strong believer that Alvin Gentry will be a positive influence on the New Orleans Pelicans
Wait, what do you guys think gentrification means?
Wait, what do you guys think gentrification means?
This post was edited on 6/19/15 at 12:30 pm
Posted on 6/19/15 at 12:34 pm to AbitaFan08
Don't laugh that's racialist
Posted on 6/19/15 at 12:35 pm to biglego
quote:
The only people seriously opposed to gentrification are the same morons who want to raze the I-10 through the city
Not even close to true, and I'm not for razing I-10 unless you prove to me it has to be done for structural/cost reasons.
Posted on 6/19/15 at 12:38 pm to BIGDAB
quote:
Most of these guys live in gentilly, some of the houses are modest, and below OT standards, but not what I would consider a dump or deplorable conditions. what used to cost between 130 to 160 is now hovering around the175 to 200k and prices are not going down.
Its almost impossible to find a move-in ready home in Central City river side of Simon Boliver for less than 300K now. I'm talking about current renovations of houses that were vacant BEFORE Katrina.
This post was edited on 6/19/15 at 12:39 pm
Posted on 6/19/15 at 12:54 pm to Jcorye1
quote:
I think it's a good thing, but it can/will/currently is being used as another tool in the belt to call people racist.
Another excuse to blindly ignore how tactics seemingly effect a group of people that tend to look similar
Posted on 6/19/15 at 12:56 pm to StrongSafety
quote:Unless I am mistaken, people of all races are allowed to move into the gentrified areas
Another excuse to blindly ignore how tactics seemingly effect a group of people that tend to look similar
Posted on 6/19/15 at 1:08 pm to BottomlandBrew
quote:
For sure. Don't get me wrong, I'm not against gentrification. I'm just pointing out a real side effect. Displaced workers is a legit counter argument to gentrification.
Hey, sorry for being a bit of an arse earlier in the thread
Posted on 6/19/15 at 1:09 pm to StrongSafety
quote:
Another excuse to blindly ignore how tactics seemingly effect a group of people that tend to look similar
No one is making people sell their houses and no one is being racist. This isn't about race.
Its about wanting to live in the city and certain areas being more desirable and affordable than others. Its not personal. Its capitalism.
How dare these people buy crappy houses from willing sellers, completely redo them, and increase property value for everyone around them!! WHAT ASSHOLES!!
Posted on 6/19/15 at 1:17 pm to TheCaterpillar
quote:FIFY
How dare these people buy crappy houses from willing sellers, completely redo them, and increase property value for everyone around them!! WHAT RACIST ASSHOLES!!
Posted on 6/19/15 at 1:54 pm to 504ByrdGang
I think it's a lot more complicated than a lot of you assume.
"gentrification" can mean one of two things. One, people who have money and are well educated moving into to low-income neighborhoods. That's great and we need to support it 100%.
The other possibility is wealthy NY millionaires buying houses to stay in for a couple of weeks at Jazzfest, couple weeks at Mardi Gras. Maybe visit in the fall. This is not such a clear-cut great thing. Those people are not living here, not working here, so there's no real economic impact and they're not participating in their neighborhoods or paying a significant amount of local taxes. Plus, this basically takes these houses out of use commerce since they sit empty 95% of the time. And the effect is to jack up prices for others who would actually live there, and not just use them to brag to their manhattan buddies about how hip they are because they have a house in New Orleeenz.
As you can probably tell I'm a bit more conflicted about this second type.
"gentrification" can mean one of two things. One, people who have money and are well educated moving into to low-income neighborhoods. That's great and we need to support it 100%.
The other possibility is wealthy NY millionaires buying houses to stay in for a couple of weeks at Jazzfest, couple weeks at Mardi Gras. Maybe visit in the fall. This is not such a clear-cut great thing. Those people are not living here, not working here, so there's no real economic impact and they're not participating in their neighborhoods or paying a significant amount of local taxes. Plus, this basically takes these houses out of use commerce since they sit empty 95% of the time. And the effect is to jack up prices for others who would actually live there, and not just use them to brag to their manhattan buddies about how hip they are because they have a house in New Orleeenz.
As you can probably tell I'm a bit more conflicted about this second type.
Posted on 6/19/15 at 2:01 pm to Cold Cous Cous
quote:Please show me where NY millionaires come in and buy houses in Bywater or St. Roch
The other possibility is wealthy NY millionaires buying houses to stay in for a couple of weeks at Jazzfest, couple weeks at Mardi Gras. Maybe visit in the fall. This is not such a clear-cut great thing. Those people are not living here, not working here, so there's no real economic impact and they're not participating in their neighborhoods or paying a significant amount of local taxes.
Those people buy in the already affluent areas of the city
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