Reply to Educate me - why is gentrification bad?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Just let the market work as it should. If people get priced out, so be it. Social engineering is stupid.[/quote]
But social engineering (in the form of racially restrictive covenants and redlining) created this market.  Was that stupid too?  In the early-to-mid 20th century when these policies helped some groups to accumulate wealth but shut out others solely due to race or religion, would you have stood up for the market against local government, banks and real estate agents?

OP this TED talk gives a brief history:  https://www.youtube.com/watch?v=04XJY_dlikY&list=PLHiBtbsNGcXlRngwSk_ugqh1JSB4bDAr_&index=11&fbclid=IwAR1IVaQgAfoE0MelJWaHabTV7PTxrtFU07FK0I5GB0uzcgp9yg3DygptWLA[/quote]

How many of these DC homes are owned by people who bought in the early to mid-20th century? We bought ours around 10 years ago... My parents bought their starter home in the 70s. They were both from poor families...neither had "accumulated" wealth through a covenanted neighborhood. Statistically, how many people in DC are we talking about who accumulated wealth through a covenanted neighborhood? Compared to how many have had the chance to accumulate wealth thru a gentrifying neighborhood?[/quote]

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