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Metropolitan DC Local Politics
Reply to "Educate me - why is gentrification bad?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Gentrification only happens when long-term residents want to cash out. Why shouldn’t they be able to make more money via a home sake than they ever would working?[/quote] This has always been my question. If it's so bad, long-term residents don't have to move. They can stay and enjoy the benefits of gentrification. However, they want to cash out and move out. It's their choice.[/quote]And if they're renting and their home gets sold out from under them? That has happened in my neighborhood.[/quote] When a whole building is sold there is a way for residents to band together in DC. As to a home getting sold out from under you, yes it is your home but it is not your actual house. Renters should be aware of this. I would personally like to see more rent controlled apartments -- that is something the city can work with developers on.[/quote]
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