Gentrification is a difficult issue. It’s also become a huge issue here in Philadelphia, where longtime working-class neighborhoods have been taken over by younger people who make a lot of money.
Is high tech and the resultant workforce part of this problem?
It is destroying the Bay Area as far as a textured region. Who ever thought too much money would be a source of the loss of culture?
Hoboken, NJ…a run down slummy city for the most part in the ’50s…those neighborhoods have been redone…and a brownstone goes for more than a comparable one in NYC…beautiful White Collar neighborhoods now, and some very fancy restaurants and sidewalk cafes to cater to their tastes…with prices to match..Not the Hoboken we went to visit to get Italian bread and pastry in the small Italian neighborhood…Now the whole city is spruced up and much higher economic class!
I lived near the 12th and Chicon intersection mentioned in the article for nearly a decade. Small bungalows that were selling for 30-40k back then now bring upwards of a half a million. Nearly all the old Black-owned businesses were forced out because they couldn’t afford the (new) property taxes.
Old barbershops and diners that had been around for decades were replaced with chichi boutiques.
It’s frankly depressing.
Happening everywhere. The lack of housing built during the last 10 years has upset the equilibrium.
Austin Restaurant Owner On Gentrification: ‘It Ain’t About The Black Or White Or Mexican’
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