Gentrification

[JIMINZ]

I suspect it's different in part due to the public housing system we have versus the US, which I understand is a private one. Poor people here can access public housing, though there is wait list to get in to certain areas.

The simplest way I can get you to understand would be to say, there have been a number of Documentaries on the subject, because of the Displacement of the Poor, and replacing them with the Effluent.

Why hire more Police when all you have to do is, get rid of the Demographic which is causing the problem, it's Political.

 

[JIMINZ]

Years ago I invested in an economically oppressed neighborhood as investment property. After a half dozen or so years of various renters, some people from California came in and began offering to buy up the houses and began to improve the area. By the time they came around to buy my place, the house I bought had increased in value and I was able to sell at a huge profit and afford to invest in a better neighborhood.

Didn't quite get the Neighborhood and City, could you speak up.

 

[Ken-1122]

Who, much more often that not, don't live in the neighborhood. Sometimes they don't even live in the same country as the neighborhood.

This is the case for run down neighborhoods as well.

And you think that's ok then, I take it. To contribute to the displacement of a community so one or two tech bros can have "luxury suites"?

What is a tech bro and how many people make up a tech bro?

I guess you've never heard of tax shelters.

You aren't suggesting most gentrified neighborhoods are just tax shelters are you?

Man, you really love your arguments from definition, don't you?

Dictionaries are records of usage. Yes, colloquially speaking, when we speak of investment, we are usually talking about money.

But don't pretend like you've never heard of investing one's time, one's energy, one's passion, one's love, etc...if you take time to consider such things, you may find that the mystery of why people generally don't like gentrification will solve itself.

The new people who come to the neighborhood invest in these things as well! Why is one good but not the other?

If it's never even occurred to you to think in these terms, I don't know what to say, except that I'm sorry you've never been part of a localized community that you thought was worth preserving. Maybe you will some day.

The dynamics of a neighborhood changes all the time! When the white move out and the blacks move in; bringing a different culture with them, or when the blacks move out and the Mexicans move in bringing a culture with them; nobody complains it is often called diversity. But when blacks or browns move out and the whites move in bringing a different culture with them, why is this bad?

 

[Ken-1122]

Didn't quite get the Neighborhood and City, could you speak up.

West Bremerton area

 

[JIMINZ]

West Bremerton area

Ok thanks, now I can see the direct parallel between West Bremerton Washington Population 37,000 and the South side of Chicago 752,500, thanks again.

 

[Eight Foot Manchild]

What is a tech bro and how many people make up a tech bro?

Look it up.

You aren't suggesting most gentrified neighborhoods are just tax shelters are you?

No.

The new people who come to the neighborhood invest in these things as well! Why is one good but not the other?

The dynamics of a neighborhood changes all the time! When the white move out and the blacks move in; bringing a different culture with them, or when the blacks move out and the Mexicans move in bringing a culture with them; nobody complains it is often called diversity. But when blacks or browns move out and the whites move in bringing a different culture with them, why is this bad?

Depends on how the shift in the community is occurring. If it's happening due to people being priced out by gentrification...I don't really know how else to explain to you why someone in the displaced community would think that's a bad thing.

"But your landlords are going to make lots of money!" you tell them.

-Gee. Thanks. We feel so much better now.

 

[FireDragon76]

It does raise the standard of living of the poor people who own in that neighborhood.

If they are living on a fixed income, not necessarily. It might still price them out of the neighborhood. Not everybody can turn their house into an ATM machine, or desires to do so.

 

[Ken-1122]

Ok thanks, now I can see the direct parallel between West Bremerton Washington Population 37,000 and the South side of Chicago 752,500, thanks again.

Why do you feel a need to draw a direct parallel between the area of my personal experience vs Chicago? Suppose my experience were in West Hollywood, East LA, or some place with a larger population; would it have made a difference?

 

[Ken-1122]

If they are living on a fixed income, not necessarily. It might still price them out of the neighborhood. Not everybody can turn their house into an ATM machine, or desires to do so.

What's to stop them from selling at a huge profit and getting a better place with the profits they made?

 

[essentialsaltes]

What's to stop them from selling at a huge profit and getting a better place with the profits they made?

Because a better place would cost more than the one they have?

 

[Ken-1122]

Because a better place would cost more than the one they have?

I'm talking about in a different neighborhood that is not being gentrified thus is not experiencing the drastic cost increases.

 

[JIMINZ]

Why do you feel a need to draw a direct parallel between the area of my personal experience vs Chicago? Suppose my experience were in West Hollywood, East LA, or some place with a larger population; would it have made a difference?

Sure it would, you don't know what your talking about, and your post about how much money you have made proves it, you don't have a clue as to what happens to the people in these neighborhoods.

 

[essentialsaltes]

I'm talking about in a different neighborhood that is not being gentrified thus is not experiencing the drastic cost increases.

Right, gentrification can displace people from where they chose to live.

 

[Ken-1122]

Sure it would,

Why does the population of the area make a difference?

you don't know what your talking about,

And you do? I'm talking about a neighborhood that I had been a part of for years; what do you know concerning this neighborhood?

and your post about how much money you have made proves it,

What proof do you have?

you don't have a clue as to what happens to the people in these neighborhoods.

Yes I do! They move somewhere else. Bremerton does not have a shortage of low income housing.

 

[Ken-1122]

Right, gentrification can displace people from where they chose to live.

Economics prevents me from living from where I would like to live also.

 

[essentialsaltes]

Economics prevents me from living from where I would like to live also.

The hypothetical people were already living where they wanted to live.

 

[Radagast]

The hypothetical people were already living where they wanted to live.

Cities grow and change. If you're renting in part of a city it's not realistic to expect to be able to keep renting there forever.

 

[essentialsaltes]

Cities grow and change. If you're renting in part of a city it's not realistic to expect to be able to keep renting there forever.

#1 the hypothetical couple owned their home.

#2 supposing your statement is true more generally, is this what the collective We The People want? Or can we enact rent control and other measures to provide stability to people living and working where they are now? Seniors on fixed income. Business owners in rented spaces. Employees near their jobs.

 

[Radagast]

#1 the hypothetical couple owned their home.

In that case, gentrification provides a massive financial windfall which can be cashed in at leisure (or borrowed against). In Australia, such windfalls can be so large that they allow people to retire early.

I can only wish that I would also become a millionaire overnight like that.

#2 supposing your statement is true more generally, is this what the collective We The People want?

If you eliminate all the rights of the owners in favour of the rights of the renters, there are undesirable consequences, including a drying up of the rental property supply.

Business owners in rented spaces.

Change in the business world is inevitable. Business owners move or adapt. If they can adapt, gentrification means a profit increase.

Employees near their jobs.

That's a luxury. I'm perfectly happy for that luxury to be rationed according to ability to pay.

Of more concern to me is good quality public transport systems, so that employees can travel to their jobs in a reasonable time.

And, of course, jobs move around.