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Reply to "Trader Joe's not welcome in black neighborhood"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]Many older AA and Hispanic people who bought there when it was undesirable were priced out of the new market[/quote] How do you get priced out of something you already bought?[/quote] I'd like to know too. The only way you get priced out is if you rent and the landlord decides to sell at market rate, right? [b]Would gentrification of an area affect your yearly property taxes?[/b] [/quote] Of course it would. Gentrification = increased property values. Increase property values = increased property taxes. A landlord can also raise rent, when someone wants to renew their lease. In dense areas, parking can become challenging/expensive. It's simple supply and demand. Overall cost of living will automatically increase. [/quote]
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