nykballa2k4 wrote:Neutral 123 wrote:nykballa2k4 wrote:
The step he is missing in his breakdown of gentrification is that its not that white people move in, it's that faceless corporations come in, nullify the rent control, renovate, and triple the rent so that only the yuppies can afford to move in, those people tend to skew white, so the people who were scraping to get by are now unhoused without a safe alternative to go to.
It's not like White Goodman buys a condo, does the whole fixer-upper thing and black people wilt like vampires seeing the light...
How is that me missing anything? You think someone is going to invest millions to improve a place if they can't raise the rent? This is EXACTLY what I said. And it's not 'yuppies' who can afford it, but people who have developed the skills to earn high pay. Production is wealth, and Dems, with the help of the NAACP know that they'll have the blacks at their feet begging for handouts as long as public schools and the apathy towards education remains where it is.
Lots to unpack here, but I will keep it brief.
a) this is circumventing rent laws, IMO there needs to be better action in place to protect renters particularly those on fixed income such as disability or retirement
b) yuppies simply mans young upper class. You make assumptions of how they got there. Could be their uncle is paying their way, it could be they have a good job, it could be generational wealth. It's not always going to be just the scrappy smart upstarts.
Judging by the totality of your post, I am assuming that you are pretty much just baiting here, so I don't think I need to respond to that last bit.
A) rent controls result in higher rent prices and often do it at the expense of the poor. In NYC wealthy people often end up in rent controlled buildings. People hang onto apartments for generations. Their discount is effectively subsidised by everyone else. A disgusting and unfair policy.
B) I have to address this generational wealth nonsense. What wealthy people pass on is the work ethic and skills to be successful. Any savings passed on to lazy, unskilled and irresponsible children will be eaten up very quickly. The ability to create your own wealth is what is truly generational.























