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The Something Awful Forums > Discussion > Debate & Discussion > Gentrification: What is it, what isn't it, what should be done about it?
 
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tsa
Feb 3, 2014

Crazy Mike posted:


Some ideas I have are re regulating interest rates to eliminate the most stupid of loans, making interest rates the same for all customers of an institution (Why should the poor pay more than the rich? By charging him more to cover the risk of default you are increasing the chance he defaults.), increasing public services for ALL residents poor and rich, creating an Employer of Last resort to ensure any poor that needs work can get some, subsidizing and encouraging birth control so poor parents don't make poor babies, and finding a way to get buy in from Everyone on the American dream, and creating a National Bank that will fill in the holes the private banking industry lets the poor fall through.


Loans would simply not exist anymore if they couldn't be priced differently. Poor people with lovely jobs are a lot more likely to default- it's not because they are charged more it's because the risk is tremendously higher to begin with. The added risk from the increased cost of the loan is a negligible component most of the time when these things are priced. You are much more worried the person loses their job. Anyway we already do this with student loans which has kinda been a disaster because when you hand out money without introducing cost controls on the thing they are buying you will see exactly what happened- college costs going through the loving roof.

More on topic, as others have said most the problems related to gentrification stem from larger issues, besides that trying to stop it is utterly futile.

bradburypancakes posted:

Maybe we can try looking at this issue from a new angle. Does anyone have any examples of a community, of any size or geographic area/political distribution, successfully crafting an answer to gentrification? An example of an attempt would be a mandate by the Bloomberg administration in NYC to allow developers to build larger properties than original zoning allowed for if they also build a quantify of 'social housing'. An argument could be made however that this failed in its intended effect to get low and high income residents living in close proximity, as the developer placed an alternate entrance on the building specifically for low income residents.


Examples of successful housing regulation anywhere in the world are incredibly rare , maybe non-existent out of isolated tiny examples. Even communist countries couldn't stop people from creating black markets to account for the fact some places are desirable to live and other places not.

Even minimum income schemes or credits are not going to eliminate that problem of some places being too expensive for poor people to live, at the very least nobody has figured out how to do it without forming massive black markets that lead to bad things.

* # ¿ Feb 26, 2015 17:14
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# ¿ May 15, 2024 15:28
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tsa
Feb 3, 2014

Farmer Crack-rear end posted:


The basic gist that I get is that gentrification is basically rich (or at least, wealthier) people finding a city neighborhood they like and buying up homes in it, causing an increase in property values and forcing established community members out through real estate market pressures: landlords raise rents because they know they can get more for it from someone else, or worse, sell the property outright.

No, not really at all, gentrification is overwhelmingly started by young people looking for cheaper rents. Sure they are often fairly well paid professionals but it's overwhelmingly still middle class people moving in. Of course it is done by people "wealthier" than the people living there, by definition.

Popular Thug Drink posted:


Nope! The housing is only "lovely" because it is in a "bad" neighborhood with "poor" people and "dingy" houses. Gentrification can be directly and causally traced to mid-century White Flight and suburbanization.


No, a lot of times the houses/ neighborhood are really lovely. Often with incredibly high crime rates. Show me a part of chicago that gentrified that was "nice" before gentrification, doesn't exist. And that's the case for most cities, same thing in DC really- hell many of the gentrified areas of DC still look like complete poo poo.

Popular Thug Drink posted:

This is not axiomatically true - homeownership rates are lower among the urban poor, but not as low as you think.

In 2005: "While 69 percent of all households are headed by homeowners—a record high reached in 2004—many are left out. Only half of the households in the lowest fifth of the income scale are homeowners, and the homeownership rates among both blacks and Hispanics are slightly under fifty percent."

http://www.urban.org/uploadedpdf/311184_improving_homeownership.pdf

Pre 2010 number on this are utterly worthless, minorities got destroyed in the collapse.

* # ¿ Feb 27, 2015 00:27
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The Something Awful Forums > Discussion > Debate & Discussion > Gentrification: What is it, what isn't it, what should be done about it?