ah yes that common complaint in gentrifying neighborhoods: "we're caught between either selling our homes for 7 figures or sticking around and fighting property tax increases"https://twitter.com/saucissonsec/status/1038802310917496835 …
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Replying to @380kmh
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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Replying to @mcnhobbs
I'm aware that it happens, but gentrification typically refers to something else
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Replying to @380kmh
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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