@vivify saidQuite illogical, that corps charge more, when in fact they MAKE more stuff, on an assembly line basis, making it cheaper to make., so the prices can be low for that very reason.
I don't think rich individuals moving into a city is a problem so much as huge corporations. They tend to eliminate competition and drive up prices of goods, services and even housing.
Regarding their 'driving up cost of goods..." certainly you know that when they incur more expense, ESPecially govt taxes, they simply pass it on to the consumer. It is not the corp who is actually charging you , they are simply passing their extra expense (i.e. taxes,) on to you. Dude.
16 Mar 23
@athousandyoung saidNot if you own your house or apartment. If you do, or even if you have a long term lease, gentrification can make you a lot of money.
They drive up the cost of living but they also spend money on local businesses and hire maids and such. Right wingers seem to be obsessed with attracting rich people but if you are a lower middle class renter having your neighborhood become gentrified sucks.
@sh76 saidProperty taxes go up
Not if you own your house or apartment. If you do, or even if you have a long term lease, gentrification can make you a lot of money.
Neighbors start calling cops on you, sometimes killing people that live in the neighborhood because Karen thinks they look suspicious
Aggressive buyers start hassling you
Karen and potential buyers start reporting code violations etc
Aggressive buyers start hassling you
https://housingmatters.urban.org/research-summary/pressure-sell-gentrification-reverse-blockbusting
Developers made substantial profits by flipping homes from existing homeowners. Through the buying, renovating, and reselling process, developers earned, on average, a 45 percent return in a little over a year. This was made possible by acquiring properties at a bargain price.
Many homeowners in North Nashville were older, had little experience buying or selling homes, and were easily convinced to sell, despite being offered prices that were significantly lower than the market value.
“Cash for homes” offers can be very attractive for residents with limited cash on hand or who are dealing with any sort of financial emergency, are late on payments, or just need a temporary release of financial pressure.
Rising property taxes influenced some selling decisions, especially for older homeowners on fixed incomes who do not yet qualify for property tax freezes.
Some developers structured the sales process to their benefit by acting as both the realtor and the buyer.
Homeowners experienced predatory practices, including repeated calls, door knocks, and letters in the mail, encouraging them to sell their homes. Two interviewees reported having their property damaged or knew someone whose property was damaged by aggressive developers trying to acquire the property.
https://scholarlycommons.law.northwestern.edu/facultyworkingpapers/152/
This Article explores the phenomenon of "exclusionary eminent domain" – the exercise of eminent domain that has the effect of excluding low-income households from an otherwise predominantly or entirely middle-class or wealthy neighborhood or locality, whether or not exclusion itself was the purpose of the condemnation. All condemnations exclude the condemned owner (and his or her tenants, if any) from the condemned property. Exercises of what I am calling "exclusionary eminent domain" are doubly exclusive because the displaced residents are unable to afford new housing in the same neighborhood or locality as their now-condemned, former homes. In exclusionary eminent domain, low-incomes households are excluded not only from their homes but also from their home neighborhood or locality.
@athousandyoung saidImprove your neighborhood, or, if you just can't get it together, move to another one. One like you, with folks like you, a culture like yours. But Don't move next to a supreme court justice or the mobs in the street will keep you awake at night . Go to a place where you will be comfortable.That is what I do. Like, if I see a hoodie in my neighorhood, I am MOVING!!!! I don't care if a preacher is wearing it.
They drive up the cost of living but they also spend money on local businesses and hire maids and such. Right wingers seem to be obsessed with attracting rich people but if you are a lower middle class renter having your neighborhood become gentrified sucks.
@athousandyoung saidDid I not tell you fellers to get together with like minded people, years ago, and buy cheap little rental properties . Your renters literally pay for the property . By now, you would have 10 of them. It is how I started.Aggressive buyers start hassling you
https://housingmatters.urban.org/research-summary/pressure-sell-gentrification-reverse-blockbusting
Developers made substantial profits by flipping homes from existing homeowners. Through the buying, renovating, and reselling process, developers earned, on average, a 45 percent return in a little over a ...[text shortened]... ds are excluded not only from their homes but also from their home neighborhood or locality.
17 Mar 23
@athousandyoung saidWhat one wants is well educated people moving into the neighbourhood.
They drive up the cost of living but they also spend money on local businesses and hire maids and such. Right wingers seem to be obsessed with attracting rich people but if you are a lower middle class renter having your neighborhood become gentrified sucks.
17 Mar 23
@averagejoe1 saidGet serious. People like you call the cops on hoodie wearers, Karen.
Improve your neighborhood, or, if you just can't get it together, move to another one. One like you, with folks like you, a culture like yours. But Don't move next to a supreme court justice or the mobs in the street will keep you awake at night . Go to a place where you will be comfortable.That is what I do. Like, if I see a hoodie in my neighorhood, I am MOVING!!!! I don't care if a preacher is wearing it.
17 Mar 23
@athousandyoung saidIt will drive up your property price and amenities follow the money but it will also drive your children out because they won’t be able to buy in the area when their time comes. It’s basically the death nell for any inter generational community already established there.
They drive up the cost of living but they also spend money on local businesses and hire maids and such. Right wingers seem to be obsessed with attracting rich people but if you are a lower middle class renter having your neighborhood become gentrified sucks.
17 Mar 23
@kevcvs57 saidWell,, then, you should petition the govt to control that situation, put in restrictions and regulations to Control people and prices and amenities. Freeze property values. And make everyone equal!. Choke out the natural flow of things, choke out freedom of movement and investment. Equality will save the community.
It will drive up your property price and amenities follow the money but it will also drive your children out because they won’t be able to buy in the area when their time comes. It’s basically the death nell for any inter generational community already established there.
You are on to something, man. Maybe you would qualify as our new FAA chief!!!
17 Mar 23
@athousandyoung saidThe sell for a big profit and buy a better house in a non-gentrified neighborhood and hope the same thing happens there and you can keep trading up.
Property taxes go up
Neighbors start calling cops on you, sometimes killing people that live in the neighborhood because Karen thinks they look suspicious
Aggressive buyers start hassling you
Karen and potential buyers start reporting code violations etc
17 Mar 23
@sh76 saidSH76, sadly this is greek to the liberals on this thread..... Huh??
The sell for a big profit and buy a better house in a non-gentrified neighborhood and hope the same thing happens there and you can keep trading up.
But don't follow the 'buy low sell high' advice, you will get richer than the libs and then they will come for you!!! Not fair!!