Reply to Educate me - why is gentrification bad?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What do you all think the next neighborhood to gentrify will be, and what type of dwelling would you invest in? Wishing Id gotten in on the Wharf.[/quote]
The Wharf and Navy Yard areas aren't really examples of gentrification. Those areas weren't residential before they were redeveloped. [/quote]

There were a lot of old elegant and down at the heels apt buildings a few blocks back that Im guessing have risen in value. That sort of thing[/quote]
That's probably true. I'm just saying that the Wharf and Navy Yard are examples of re-development of mostly industrial and underused areas. No one really has complaints about that.  [/quote]

It's a phenomenon known as "dumping growth". It's impossible to build anywhere really desirable because of insane NIMBYism, so the growth goes in out of the way industrial areas. Look at Alexandria City - huge towers going up in every square inch near Eisenhower Ave. metro stop and the rest of town is all forever low-rise.[/quote]

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