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Metropolitan DC Local Politics
Reply to "Educate me - why is gentrification bad?"
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[quote=Anonymous]Totally agree with the PP who said its not bad - it just is. I live in a gentrifying (or already mostly gentrified) area. When we moved in there were many older black residents on our block. They were happy to see all the services in the area and the decrease in crime. Many of them cashed out and made major money on their homes. Many paid $100-$150 for their homes years ago and sold for $600-$700. Yes many of them sold to developers or white people. But they made a killing and are enjoying retirement thanks to the increase in their home values. Is it wrong for those folks to enjoy the increase in value to their homes?[/quote]
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