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Reply to "Cities with No Children"
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[quote=Anonymous][quote=Anonymous] So, why didn't you buy in Dupont then? It used to be dirt cheap, you could have made an investment and cashed out big today. I guess it wasn't desirable then, it was scary, it was a risk, so you didn't want it, and now you cannot afford to live there and want some big daddy come in and build highrises all over to make it dirt cheap for you, so that you can take advantage of all the improvements without taking any risk like early investors or working on building wealth like new buyers who can afford it. [/quote] So, they won't get rich or build wealth. Maybe they will just find a place to live, for a price they are willing to pay, that makes a profit for some developer who wants to build that. Why is that a problem? Why should they instead go gentrify some other area, accelerating displacement, when the market would supply them with what they want? Why should they go live somewhere distant where they will add to GHGs and congest the highways? [/quote]
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