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Metropolitan DC Local Politics
Reply to "Educate me - why is gentrification bad?"
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[quote=Anonymous][quote=Anonymous]Well, the govt could easily grandfather in tax amounts (not rates, but amounts) for those they’d socially like to keep in place. But they don’t and won’t because ... they want your money ... to pay their salaries and to give out money in order to stay in office. It’s the way the world works, but I suppose you can dream out loud about unrealistic policies on a blog. [/quote] California tried that and it is one of if not the largest contributing factor to the out of control housing prices there. It's great for those who had the fortune to be born early enough to lock in a low amount, it's terrible for everyone else. [/quote]
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