A footnote to headlines about dropping rents in pricey cities: the stats are for *listings*. A lot of rent-stabilized units are going to reset to *higher* rent when their pandemic-impacted occupants are evicted over inability to pay. 1/2https://twitter.com/kimmaicutler/status/1300801948275277824 …
-
Show this thread
-
Without *strong* eviction protections, we'll get lower market rents benefitting, principally, still-employed professionals. A lot of lower-income households will be displaced / made homeless. (And some of their landlords will come out ahead from it.) 2/
1 reply 1 retweet 10 likesShow this thread -
This is how downturns and recessions can accelerate, rather than restrain, gentrification: by upping displacement pressure on economically-precarious households while creating bargains for higher-income ones. They're the same process 3/3
1 reply 3 retweets 11 likesShow this thread
Replying to @bedwardstiek
not disagreeing w/ you here.
12:57 PM - 1 Sep 2020
0 replies
0 retweets
1 like
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.