Quote:
Originally Posted by RU OX Alum
Oh. Okay, yeah that's messed up, people shouldn't be forced out like that. But who would pay $2,500.00 for the exact same apt. that was only $500.00? How would the landlord even get away with that, that is a 400% increase, were 400% worth of improvements done to the property?
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If an area goes from being "nothing" to being "the next big thing," perceptions of what's acceptable will change.
I'll use Uptown Dallas as an example. It started out as "Little Mexico," but as attractions moved closer to the area, it became more desirable. Now, it's home to some of the most expensive real estate in the area.
http://en.wikipedia.org/wiki/Uptown,_Dallas,_Texas