Reply to Educate me - why is gentrification bad?

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[quote=Anonymous][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]

In DC, at least, the vast number of protections afforded to renters in this situation makes it *extremely* unlikely they will be forced out.

Why on earth anyone would want to be a small-scale landlord in DC is beyond me. DC law is unfathomably pro-tenant, to the point where even paying rent is a matter of dispute.[/quote]

We are actually not going to rent our place when we are not here. Close it up and put up some good security and care taking so we don't find squatters. it's not worth the heartache to be a landlord in DC.[/quote]

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