Working class neighborhood

[Carnivore]

No slip--but I don't need placed in the penalty box this week because when I come out I am extremely agitated.

 

[Pittsburgh Pete]

OK, let us take minority out of the equation. There are many minority people who are educated and do well. Low income people suffer because of, well, their low income. The question is, does gentrification help or hurt a neighborhood? It was a well-accepted idea that gentrification was good for a neighborhood. Now, some, a limited some, are calling gentrification racist and harmful.

Is it better for neighborhoods to remain bad or to improve neighborhoods for the benefit of the majority?

I don't know what the "East Bay" area is but I know that San Fran is not allowing anything that wold solve their problems. Why don't they look to other cities and allow housing that is 5-10 stories?

to clarify, it is good for the property values in that neighborhood but not so much for those that currently live there and are in effect being pushed out. Your focus is on value while others focus on people, the human beings being affected. Certainly not surprising coming from you. Can't wait for your overreaction to this post

 

[Michigan CG]

I've lost all respect for this guy

Dang it, I am going to lose sleep over this.

 

[Michigan CG]

to clarify, it is good for the property values in that neighborhood but not so much for those that currently live there and are in effect being pushed out. Your focus is on value while others focus on people, the human beings being affected. Certainly not surprising coming from you. Can't wait for your overreaction to this post

Not surprised at your post, typical of you. You forgot to call me a racist in additional to your suggestion that I don't care about people.

Some people are pushed out and some people who currently live there benefit greatly. Is it overall good for the community as a whole for the neighborhood to be rehabilitated? Most would say yes.

 

[The Bob]

Filtering: Gentrification in Reverse

Gentrification
Gentrification is the process through which real estate becomes more valuable and, therefore, more expensive. Rising prices displace older residents in favor of transplants with higher incomes. This shouldn’t be confused with the forced removal of citizens via eminent domain or “slum clearance.” Ejecting residents by official fiat is a different problem entirely.

Greenwich Village circa ~1900
A classic example of gentrification is that of Greenwich Village, New York. Affluent residents initially occupied the neighborhood. It later became the city’s center for prostitution, prompting an upper-middle class exodus. Low prices and good location would later attract the textile industry. This was the neighborhood’s first wave of gentrification. But after a large factory fire, the neighborhood was once again abandoned.
Failure, however, would give way to unexpected success: artists and galleries began to occupy the vacant factories. These old industrial spaces soon became home to one of the most important movements in modern art. In Greenwich Village, different populations came and went. And in the process they each made lasting contributions to New York’s economic and cultural heritage. This was only possible because change was allowed to take place.

Greenwich Village circa 2014
But change isn’t always easy.
As a neighborhood becomes more popular, it also becomes more expensive. Tensions run high when long-time residents can’t afford rising rents. Some begin to call for rent controls or other measures to prevent demographic churn.

Filtering: Gentrification in Reverse – Market Urbanism

marketurbanism.com

 

[George Hatch]

This entire tangent with all the hard feelings occurred because instead of talking about physical condition and development trends we veered off into trying the read the tea leaves of human behavior and intent. This little dramafest is a perfect example of why it's unprofessional to be talking about the people when the assignment at hand is to value the property.


I do not care in an appraisal assignment "why" buyers choose to remodel or redevelop or to leave the property in the more original state. Just the same as it doesn't matter in an appraisal assignment "why" a market is trending up in value or down in value.

It doesn't make any difference to the conditions we're seeing what the reasons and motivations are for those conditions. Speculating on those reasons might be entertaining as a hobby but in the end the "as is" of the trend is what it is. Fortunately my job is about reporting "what it is", not "why it is". It's hard to be wrong about the "what" if you just stick to the data. Delving into the "why" is a different story.

 

[ramrcdk]

This entire tangent with all the hard feelings occurred because instead of talking about physical condition and development trends we veered off into trying the read the tea leaves of human behavior and intent. This little dramafest is a perfect example of why it's unprofessional to be talking about the people when the assignment at hand is to value the property.


I do not care in an appraisal assignment "why" buyers choose to remodel or redevelop or to leave the property in the more original state. Just the same as it doesn't matter in an appraisal assignment "why" a market is trending up in value or down in value.

It doesn't make any difference to the conditions we're seeing what the reasons and motivations are for those conditions. Speculating on those reasons might be entertaining as a hobby but in the end the "as is" of the trend is what it is. Fortunately my job is about reporting "what it is", not "why it is". It's hard to be wrong about the "what" if you just stick to the data. Delving into the "why" is a different story.

FORTUNATELY for my profession = TO remain NOT biased ...is why I completely agree !
I CAN always work for market but I can never work for "YOU"...as the appraiser.

WE appraiser's are not "racist" (in any form-use of the word by definition).
Just as DUAL agency is not likely and IS by all accounts 99.999 % impossible.

I CAN "consult" but the line drawn must be very understood and very clear! I am NOT here to make you happy! But if you are Happy, great!
I have consulted on many airport & FEMA services but never will I unless it is a "voluntary-type buy-out circumstance". ( My personal choice. )

 

[Pittsburgh Pete]

Dang it, I am going to lose sleep over this.

No surprise--have never run into anyone that was so incredibly impressed with himself!!!!

 

[Pittsburgh Pete]

Not surprised at your post, typical of you. You forgot to call me a racist in additional to your suggestion that I don't care about people.

Some people are pushed out and some people who currently live there benefit greatly. Is it overall good for the community as a whole for the neighborhood to be rehabilitated? Most would say yes.

Sorry about your reading issues! You make incredible assumptions (and the saying about that word certainly applies here). Didn't even intimate that you don't care about people but merely pointed out that your prime focus is elsewhere!

So if people are poor they must be of another race? Didn't call you or even intimate that you were a racist but I will let your post speak for itself.

If it were only about economics and didn't impact real life people, gentrification would be 100% positive. But it ain't that simple.

 

[ucbruin]

No surprise--have never run into anyone that was so incredibly impressed with himself!!!!

Is this funny only because it appears to be true?
Or is it not really funny because it is true?

Let's be honest....
We can only rely on MCG's posts....
To base our decision....