Reply to Gentrification shaming makes no sense to me.

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[quote=Anonymous][quote=Anonymous]It is unethical. Here is a good example. My mother in law bought a house on a working class block near a junk yard and a factory in 1968. Very long walk to train like over one mile, small plots like 40/100 and were cheap little crappy “telephone” capes. Back when phones and electric were invented they built little shacks for workers.

Flash forward to 2021 and 100 percent of grandkids can’t afford anywhere near her and nearly all moved out of state. Her kids are near retirement and most are being forced to retire elsewhere.

Her block is full of renters, investors. No. English speakers. Home prices have risen so much property taxes are through the roof!! Neighbors now are doing multigenerational. To afford and cars and noise everywhere can’t park in print of house.

Her taxes will soon be $12,000 a year on a 1,400 square foot house. Every time neighbors flip homes it raises her assessed value. The German butcher. Italian, bakery, Greek diner, shoemakers and dry cleaners all forced out due to high rent

My MiL could care less about home values. But on a fixed income paying $1,000 a month tax is crazy

[/quote]

I see the argument about investors exacerbating the issue and being unethical.

I don’t really see how people buying a primary residence and living in it is unethical.

Her grandkids can’t afford to live by her ... but her new neighbors (not the investors) are probably someone’s grandkids who also can’t afford their childhood neighborhoods.

The issue is the tax policy that increases her burden so much, and benefits investors buying multiple properties. Not individuals just trying to find a place to live. [/quote]

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