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| Topic | Modern Gentrification summed up in one photo |
| chrono625 06/13/21 9:37:09 AM #64: | Also - yes. From what Ive witnessed in, say, Brooklyn. Urban areas that were once lower income and cheaper to live became occupied by transplants who were looking for that lifestyle. they rented available apartments. Reducing supply. Pumped money into the area opening businesses or supporting certain businesses. Demand increased, prices raised. More move in because its the new hot spot. Development increases, demand increases, price increases. soon you price out the original tenants and they cant afford the leases and since theyre not government subsidized that makes it hard to get rent stabilization. Better laws need to be introduced to prevent over inflation of the market so quickly. As well as fixing stagnant incomes. and to further my point - my dad owned a building in down town Brooklyn for manyyyyyyyyyyyyy years. It was a very commercial/industrial area. Real blue collar and low income. He was offered a substantial amount of money to sell. So of course at his age he took it. He was retiring and didnt need the building anymore. now its being demolished and theyre building a condo. --- https://imgur.com/Rqk1DYV - Super Bowl XXI/XXV/XLII/XLVI Champions - NY Giants Eli Manning SB tracker: 2/2 Superbowls 2/2 SBMVP's ... Copied to Clipboard! |
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