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Is it a good thing to have rich people move into your city?

Is it a good thing to have rich people move into your city?

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mike69

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@athousandyoung said
Just cold call old people all day. A small percentage will be senile or desperate.
Yes, there are many reasons people might sell to these people and of other ages. I get letters, text often wanting me to sell. If these tactics didn’t work they wouldn’t be doing it.

w

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@mike69 said
You still have to look at it as an investment and be smart about buying if you plan on staying there and being able to enjoy the things mentioned. Just about all of the houses I’ve done have been in foreclosure or short sale like the one I’m doing now. The house I raised my children in was bought off the courthouse steps in a auction.
Sure. It's a house vs home thing. I appreciate that point. The benefit of gentrification goes to the investor who cashes out his house, at the expense of the resident who wants to remain in their home.

mike69

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@wildgrass said
Sure. It's a house vs home thing. I appreciate that point. The benefit of gentrification goes to the investor who cashes out his house, at the expense of the resident who wants to remain in their home.
I don’t live in a city, and don’t see it here but sure it’s on the way. With that said I don’t have much experience in this direction but sure lumping them into one group when individuals could have many other reasons also for having or wanting to do this isn’t necessarily fair in judging either.

As far as here, the small town I live in, the area was a lot cheaper and now very high and my taxes are way up. An acre of land was 8 to 10k now over 100k along with housing increased. On the other hand a grocery store would be nice, a few restaurants , better roads, schools etc. I understand somewhat because finding somewhere else to live as cheap after selling would be very difficult. Within a mile all the homes being built in an addition are 650,000. and up on a acre. The thing is people have to take responsibility for their own lives, plan, be smart, look ahead, figure problems out and not be a part of the problem. When I was married we always stayed within one or our incomes in case one lost their job and many other things.

w

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@mike69 said
I don’t live in a city, and don’t see it here but sure it’s on the way. With that said I don’t have much experience in this direction but sure lumping them into one group when individuals could have many other reasons also for having or wanting to do this isn’t necessarily fair in judging either.

As far as here, the small town I live in, the area was a lot cheaper and now ...[text shortened]... married we always stayed within one or our incomes in case one lost their job and many other things.
All this seems off topic.

If someone lives in a neighborhood where property values are skyrocketing, and they were intending to stay in that house long term, gentrification is not a good thing.

mike69

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@wildgrass said
All this seems off topic.

If someone lives in a neighborhood where property values are skyrocketing, and they were intending to stay in that house long term, gentrification is not a good thing.
Adapt and overcome, figure it out. Is it your right to stop progress or them from coming in return because you don’t like it or the outcomes. That’s life, i bought a place to live as they are with personal risk.

sh76
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@athousandyoung said
Just cold call old people all day. A small percentage will be senile or desperate.
If you really believed it were so easy, you'd do it yourself and not post about how other people can do it on an Internet forum.

sh76
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@wildgrass said
All this seems off topic.

If someone lives in a neighborhood where property values are skyrocketing, and they were intending to stay in that house long term, gentrification is not a good thing.
Then pivot and sell for a big profit.

AThousandYoung
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@sh76 said
If you really believed it were so easy, you'd do it yourself and not post about how other people can do it on an Internet forum.
I don't have enough money to make it work.

And I don't have the stomach to J- OOPS I mean SCREW people over like that.

You need to understand the cultural difference here - Mammon is a devil in white people culture. Some other cultures celebrate Mammon because the word 'Mammon' is Semitic for 'Wealth and Riches'.

https://nj1015.com/is-orthodox-rabbi-pushing-blockbusting-jackson-wants-investigation-watch/

There has been growing tension in Lakewood and surrounding communities with residents complaining of predatory real estate practices, which they've compared to the "blockbusting" that started with the Great Migration in 1910, when real estate agents pressured white homeowners to sell their properties at a cheap rate and then inflated the prices and sold them to black buyers in desperate need of housing.

In recent years, residents in these Ocean County communities have complained that they have been harassed and pressured to sell their homes to Jewish families that want to move in or around Lakewood because of its Kosher markets, Yeshivas and temples. Toms River earlier this year banned real estate solicitation in two areas of the town for five years in reaction to residents' complaints.

AThousandYoung
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How much do you think the Israelis would sell Israel for?

They could flip the country to the Chinese and move to Somalia. I'm sure the Somalis would love that.

w

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@mike69 said
Adapt and overcome, figure it out. Is it your right to stop progress or them from coming in return because you don’t like it or the outcomes. That’s life, i bought a place to live as they are with personal risk.
Yes of course bad things happen. You argue with no one here.

mike69

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@wildgrass said
Yes of course bad things happen. You argue with no one here.
Correct, you just don’t see every direction I am going in.

JJ Adams

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@averagejoe1 said
Quite 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.

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.
THANK YOU.
They bring prices down , not up.
Prior poster had some kind of libtard backwards reasoning.

AverageJoe1
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Lake Como

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@mike69 said
Adapt and overcome, figure it out. Is it your right to stop progress or them from coming in return because you don’t like it or the outcomes. That’s life, i bought a place to live as they are with personal risk.
Lib's don't get risk. It conflicts with their concept of 'safety nets'. With all due respects to Marauder, who is a great proponent of safety nets (and who knows what else), I think that he end most of you have Never used the word 'risk' in a sentence.

AverageJoe1
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Lake Como

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@AverageJoe1
I just realized the name of this thread. Query: Is it a good thing to have rich people move OUT of your city? Move OUT???

AThousandYoung
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@averagejoe1 said
@AverageJoe1
I just realized the name of this thread. Query: Is it a good thing to have rich people move OUT of your city? Move OUT???
There are many benefits that come with rich people moving out starting with prices coming down.

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