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Where Gentrification Is Having The Most Impact On Cities - Cbs News.com

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AMF13

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
That's urban renewal, not urban removal.
In the case of LA, zip 90014 is in the middle of downtown.
Which used to be a ghost town after dark. Except for maybe skid row.
But they have been building high rise yuppie, err hipster apartments and condos, and things are on the rise. The up and up.
Skid row is getting rehabbed SRO buildings too. Now it's DTLA. :leeann:

What's not to like about fixing up or replacing old worn out buildings?
Unless you are pushed out for remodeling, and can't afford the better ones.
But hey, circle of life. :peace:
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
Gentrification has been going on for the last 20-years in Portland's Albina neighborhood. I saw a recent news story, where a black business owner had a successful BBQ business that he commutes to daily and he can't afford to live in the neighborhood he grew up in and now lives in the "affordable" suburbs.
 
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