Reply to Educate me - why is gentrification bad?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Are you kidding? Everyone in DC loves gentrification. Except no one calls it gentrification anymore, Boomer. Now we call it "increasing density." [/quote]

I'm for increasing density in the neighborhood where I live, i.e., near Tenleytown. That's not gentrification. [/quote]

I'm a YIMBY in general but the economics of it can get pretty complicated. Real estate prices tend to be set on a regional basis, so a new tower block in Tenleytown may have its primary effect on comparable units in say Tyson's. And similarly, if FFX and MoCo aren't also building, your new tower block may be a drop in the bucket as far as prices go. Worse, a new building may be a signal that a neighborhood has arrived at a new step of desirability, and drive *up* prices in the immediate area, at least in the short term. There are no easy answers, but we do need to build a lot more on a regional basis.[/quote]

Sure, but the point is, building more density in a neighborhood that's already quite wealthy is not gentrification. [/quote]

Ok, but "increasing density" never actually happens in wealthy neighborhoods. It *only* happens in black neighborhoods where whites are trying to push them out. [/quote]

Yes, and that's why I'm in favor of increasing it in my wealthy neighborhood instead.[/quote]

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