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| Topic | What is wrong with gentrification? |
| Logos 04/07/17 7:41:36 PM #46: | YookaLaylee posted... Let's say the price of 1 bedroom apartments in a neighborhood is $900. The people who live here can afford to pay that. New people come in and open up expensive stores and super exclusive restaurants and then the neighborhood becomes hip. More new people come in and the price of living there skyrockets to $2000 for a 1 bedroom apartment. The original people fork this neighborhood can't afford to live here anymore. We're they not forced out? Haha. This is a simpleton's understanding of reality. It doesn't happen that way. Fluctuations in price take time. Someone coming in and starting expensive stores and exclusive restaurants isn't how it happens. First of all, those expensive stores and restaurants wouldn't even have customers. Second of all, those neighborhoods tend to be violent. The way it happens is gradually, over time, as hipsters and entrepreneurs and businesspeople move in to take advantage of the cheap property costs. And over time the violence dissipates and prices go up because the neighborhoods become safer and cleaner. Literally anyone can take advantage of that. --- My biggest flaw is how logical and reasonable I am. - hockeybub89 ... Copied to Clipboard! |
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