Reply to Gentrification shaming makes no sense to me.

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[quote=Anonymous]And this is not a black or white thing. I know a small Italian/Irish working class community of bungalows and capes. They se to each other and try to avoid mls to keep gentrifiers out. They even created own building dept to stop tear downs and flips.

The gentrifiers would price the children out of area and jack property taxes.

Think of this. Let’s say Joe the fireman has four kids and his 300k bungalow becomes 900k. A gain of 600k.

Well all four if his kids have to pay 600k extra to live on their childhood neighborhood. For total of 2.4 million extra.

It is better to keep prices low. This town even passes a rule plumbing or electrical of any sort required a licensed plumber or electrician in that town and they don’t work with flippers. Also made commercial parking illegal. No dumpsters on street. They have some investors but more buy paint and rent but flipping or tear downs can’t make money.

The town is sacrificing short term gains to save town for their children. Homes rarely sell. Usually kids move into parents home.

This is a safe nice place but last place, cops, bus drivers, garbage men can afford. They want to keep it that way [/quote]

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