imagine thinking the pressure of soaring rents is remotely comparable to the pressure of having your property appreciate dramatically in value
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I mean, that is genuinely the case in Austin, where home values have tripled in the last 16 years and property taxes are assessed annuallypic.twitter.com/T8emrXql1E
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I'm aware that it happens, but gentrification typically refers to something else
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Oh, definitely, but people who might have hung on to a family member’s house can’t afford to anymorehttps://www.npr.org/2017/07/12/536478223/once-a-bustling-black-enclave-east-austin-residents-make-a-suburban-exodus …
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First example they give, Spearman, is cashing out and moving--second example, Mr + Mrs Jones, are people who had rented but could never afford to buy. Gentrification is principally about cases like the latter, who don't have the options & leverage of the former.
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I love how these people are usually for massive immigration as well
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Are you arguing *in favor* of people selling the homes they lived in for 30 years for $1M a pop to rich young people, or what's the angle here?
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How is that a bad thing
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How is it a bad thing for working- and middle-class people to be pushed out of their homes so rich young people can move into them instead? Is that a real question?
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Buddy my third quartile income parents have lived in the same home for 25 years and would take a million dollars in a heartbeat lol yuppies aren't sending in thugs to make people sell
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Gentrification is selling your home, moving, and having a much more comfortable retirement than you ever imagined
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