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Friday, January 10, 2014
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Tuesday, January 7, 2014
Housing Affordability at the Breaking Point - Part 2: Fighting Gentrification (with Luxury Condos)
Well this is just great. Now I'll never be able to afford a used Hyundai. (Source: www.cleantechnica.com) |
Gentrification is back as a hot topic. High income people of various stripes (in San Francisco it is tech workers, in New York it is bankers) are ruining nice, bohemian neighborhoods by moving into the area and driving up the rents.
While it is understandable how people would interpret the situation this way, this idea is misguided and counterproductive.
At least, that's the word on the street.
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