Quote:
Originally Posted by DaemonSeid
1. NO IT IS NOT!
2. Pumps money into the school system?? Really and it takes money from another to do so.
3. Eliminates crime and blight? NO! it moves crime and blight to places where crime and blight was NOT.
Unless you lived in a city that has gone through this within the last 30 to 40 years, or an expert urban planner, then I don't think you are too qualified to speak on this.
Again with the housing market being the way it is, a lot of gentrification projects have stalled and a lot of people are stuck in the middle, for some it's worked out and some others not quite so. You have people who planned on making money flipping houses in gentrified areas because they knew they could make a quick sale and now they are stuck with houses they can't sell or have to sell for less than what they invested in so please, dispense with this 'it works out for everyone" BS.
...and let's try not to make this another thread where it's all about "GC vs talking some sense into a brick wall (Kevin)" thread.
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You beat me to it.
This is exactly what I was going to write, and what I posted earlier. It does not solve the issue of blighted neighborhoods. (there is a difference between a blighted neighborhood and a low income neighborhood.) All gentrification does is shift a finite amount of dollars from one area to another. When we start dealing with the issues that cause a neighborhood to become blighted then you can begin to have nice low income areas as well as strong middle to upper class neighborhoods.
We need to get back to where paying $400k (just a number doesn't apply to ever city) gives you what it used to give you....a big house and or an ample amount of land. A house/condo is too much of an investment to be stressing about changing demographics moving/leaving a certain area.