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What Happens When Neighborhoods Gentrify? | The Business of Life
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- Опубликовано: 7 авг 2024
- Reality check: what should you expect when you move to a new city? bit.ly/2rm1ev4
Baratunde Thurston, Lance Freeman, & John Tierney discuss the money behind gentrification-what happens when neighborhoods are transformed, & whether you can afford to live there.
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![America's Gentrification Problem [Documentary]](http://i.ytimg.com/vi/n11rdWqc444/mqdefault.jpg)
People are missing the point that Middle Class and Lower class in these hoods are then left struggling to find new homes. Like obviously the new reconstructed homes are beautiful, but they expensive as hell and they push communities out
Then get a better education. Get a better job. Push yourself to do better! Don’t act all offended that white folks are better off than you. Do something about it instead of bitching and moaning. Would you really rather live in a ghetto than a nice neighborhood? Grow up. The world isn’t going to stop because you don’t think it’s fair. Idiot.
@@alienlife7754 wait, but then they wouldn't be able to blame everyone else for their problems. Accountability for most people is non exsistant! Most of these neighborhoods sat for decades untouched and neglected by the people who lived there. Trash all over the streets, and no one taking care of their house or the property around it, but once people who actually want to improve the area move in it then once again becomes them damn racist white people. Again theres the accountability aspect.
Thats the intent
Gentrification is good. It makes neighborhoods better, cleaner, and raises property values for that neighborhood and those surrounding it. If you’re REALLY looking for cheap housing, move to a rural area.
@@alienlife7754 My sister bought a multi family for a 169k in 99 but that same house is now valued at 750k. My Aunt bought her brown stone multi family for under 40k in the 70s and sold it for over 2 million. What type of education can I attain to enable me to buy one of these homes? Corporations are buying these homes and of course individuals can't compete.
What about the foreign rich people who buy out homes with cash.
I was told by a friend from Illinois that, that’s a regular occurrence in the Chicago area.
Not news worthy since Chinese aren't white. Warren Buffetts company Berkshire Hathaway has connections to a Chinese company that is buying up a bunch of property. So at least he gets to get richer!
I'm sure it's different in the US, but there's a 2018 report from the UK government's Migration Advisory Committee that shows immigration is linked to an increase in house prices: for every 1% rise in the population due to migration, you get a 1% rise in house prices.
The UK population increased 2.6% due to immigration between 2004 and 2017, yet house prices increased by 45% across the UK overall. So immigration is not the main issue. It's far more likely local landlords that are buying up cheap housing stock, then renting back to first-time buyers etc who can now not afford to buy in the area.
Patrick Cox don’t try to put that on someone else it’s you people most racist
He hit on that at the end watch it again
I have no problem with people CHOOSING where they want to live. My issue with gentrification however is that one group of people don't get to choose because they don't have the money to do that. Money is the key to freedom in this world and without that currency you are DEPENDENT. Naturally the people with the money have the power to move these poor people out of the way so it may be a great move financially for the rich but it silences the poor because in NY without money; you're grievances are NOT taken seriously.
Great comment.
Why be in New York when you don't have money? At that point you only have 2 options: get money or get out.
Born and raised new yorker. As someone who grew up middle class and works blue collar, there really is only one proper response: why the hell are you still in new york? Everything you just said is true, and therefore you may benefit from leaving one of the most expensive states in the country. (And if you're in NYC, fugheddaboudit...leave.)
@@hussainmartins5985 because they’re from there
Is that your problem with capitalism then? Because if you're poor, you're not going to have a wealth of options in the way you travel, what clothes you wear, what food you eat etc.
Ironic when most of vice's audience is gentrifying echo park
same thing happening to Hawaii. making all the land for more military and more vacational rentals. where's the homes for the locals?!
If gentrification drives up property value and rent. Where is the locals gonna live.
I'm seeing this in my neighborhood of Inglewood CA.properties are rising and the poor are forced out .
exactly and where do these poor people go? well they're forced our of communities they essentially built and with the ever increase of the housing market its nearly impossible to find anywhere to live.
Moral of the story. Black people who are able need to become *property owners*
That's when the Gentrification complaints will end.
I grew up in a working class neighborhood in Chicago. When I was in High School my family moved a total of 4 times within the same neighborhood because rent would go up. They would build an apartment complex, open up a bunch of new shops, so the rent would go up maybe $150. My mom had myself and my brother and sister to support so we moved, then moved again like 2 years later. It didn't bother me. I miss and reminisce on my adolescence and I loved living in the city. Gentrification is bad but if it means my friends aren't getting shot at, selling drugs because there are no jobs, using drugs, living in poverty etc. then that's okay. It's how you fix a slum. Sometimes the positives outweigh the negatives.
In CHICAGO what is chicago still known for?
@Dane Kunes All those criminals are going to have to go somewhere.
@@inspectorlunge3887 he's just glad that all those criminals are going somewhere else that's not his neighbourhood, which is understandable.
Happen organically? "Redlining", 'white flight". I guess that's organic.
There nothing wrong with wanting to live separate away from anybody in general. And that's their given right too. Personally I don't want to live around anybody. I want land away from any and all hustle and bussle. Why r u being so intolerant of my rights?
Gentrification or white flight. Take your pick.
@@hdanielklee I would take white flight because I don't like any big buisness or mass profit Corp. Self sufficiency and live away from any city.
@@woodulike2know391 If you want to live like a hermit that's respectable. Just dont complain that you don't have any infrastructure and basic utilities.
White flight is organic
What if you see the crime in the area as a threat and want to get rid of it?
Do you view the crime as what it is, a product of the environment, or as the people who live there? because news for you: If you view the people who live there as the crime, you're probably either racially profiling them, or definitely gentrifying the neighborhood. It doesn't matter if it's a different experience than what you're used to, it doesn't matter if it's a little more dangerous, it's still a community that existed before you and you have to respect that.
This short is too short. Give it 20 minutes at least. Please for me
*show
During this Gentrification discussion over the years, nobody ever brings up rural areas that are getting priced out as well.
Poor neighborhoods of big cities & the poor side of town in rural small towns & small cities are experiencing this at the same time.
I think a great example to look at are towns with colleges, there's a reason why there's always development going on in those communities
@@kayelaine it’s been happening in the area of Texas I live in. Thousands of people have been priced out of one small town they move to the next town over build up and develop that town then they are being priced out of that one. Over and over and over
@@beauxjones8793 that's insane, really f'd up situation.
@@fabienzaca in my little TEXAS town an hour NW of Austin, about 10 years ago rents seemingly doubled overnight, and prices keep going up. Especially in the past two years with all the people moving here from out of state.
I have family and friends all over the country this is happening everywhere, but all the attention is on the big cities.
Deservedly so, that’s where the jobs are and more people are concentrated, but it’s a issue all over the country and it’s not being spoken about at all.
When that man said it's a form of segregation he is basically saying that black people can't afford to live in a good enviroment with high rent. 🤔🤔 I know alot of black people ,in facts hundreds who are middle class and live in gentrified neighborhoods .
Because sadly a lot of black people hold on to the narrative that we are poor. And they put that struggle onto other people to "make a change". But In the end a lot of them don't want to change
@@tamyrahforbin2010 We need alternate black voices. I'm not saying ultra-conservative but people who don't put out the same tired image of black people.
This interpretation is not even accurate in the slightest. Really dumb
@@Charlii931603 explain your point before rebuking the comment
@@tamyrahforbin2010 ma'am yes, you are in point
I have another angle on gentrification. My problem with it is that it takes away the character and soul of a community. Like, where's little Senegal now up in Harlem? A bunch of Senegalese immigrants used to have restaurants and a market in "Little Senegal" around 116th St but the prices of rents are now closing some of them down. There are only a few left. These people aren't "poor" but they aren't the rich types that can be in an upscale area. That's the thing. Who the hell needs another Starbucks or sidewalk run-in-the-mill eatery? We need places that have some "vibe" to them. And yes, there is a racial component to gentrification but I don't want it to again turn to "against blacks and people of color" thing only. It's also about vibes that can include whites as well. If there is a Greek place that has traditional Greek music and dance, and occasional celebrations featuring plate throwing, that all types of people would enjoy going to and they have to close the place down for a more upscale, boring eatery, then that's not about black and people of color. And that's happening as well.
@Xander Hegle You added nothing and you're nowhere near as smart as you think you are. My comment wasn't even soely about Black people and if you don't appreciate what Senegalese have to offer, that's your loss.
2 bedrooms for $2428? That's insane
Don't forget... taxes rise and the average income home owner can't keep up. Even when the mortgage is paid off.
It's definitely a class thing because I'm white in a poor area Philadelphia called North Philadelphia Kensington area and investors are coming in and buying a property left and right taxes are going up for us homeowners this sucks I never want to leave
Gentrification is not the same as simply reducing crime. Gentrification is when you target a neighborhood to push the poor people out. Cities are not playgrounds for yuppies, they are for everyone, and forcing people out of their communities is not something positive. Gentrification might be arguably a good thing in neighborhoods that are legitimately gang warzones, but that isn't all it affects. It also affects normal, working class areas that might be in decline, and that includes Italian, Italian and otherwise white working class neighborhoods that are tight-knit and struggling to get by. Gentrification only helps a small percentage of people like that; it might help the small business owners and some of the homeowners, but you can also help those people by simply improving the economy with factory jobs.
It's funny because they tried to change the name of Harlem to Soho. Doesn't sound like their trying to be part of the community.
who is they... and why would harlem be called soho, there is already a soho and it's no where near harlem....
There is already a Soho 🤦🏽♀️🤦🏽♀️ when did they try that?
@@iamhenriwilliams that's what I'm saying, I'm born bread Brooklynite and as long as I have lived in NYC there has always been a Soho in lower Manhattan. I think this guy is just trolling
They are doing the same thing in Chicago. Humbolt Park to West Bucktown.
Maybe they could call Harlem 'NoPa' - North of central Park.
My grandmas house is in a gentrified neighborhood. 10 years ago it was dirty full of crime and abandoned buildings. She can’t remember the last time she heard a gunshot when they used to be heard weekly. So what’s the problem with gentrification? Is dirty crime filled neighborhoods good or bad ?
Rodger Rabbit owner she’s an owner veeeery different story
There is no problem with gentrification, people who think it's a race thing are just foolish. I live in a gentrified neighborhood to,its beautiful and clean and peaceful. There are a variety of ethnicities ,so it is obviously not a race thing. It's just improving the neighborhoods
Class and Race bottom line
I live in Los Angeles and gentrification is playing a big part in pricing African-Americans out of communities. Gentrification does not mean rich people are moving into poor communities, I am being affected by cultural regentrification were African-Americans are being culturally and economically displaced the demographics of Hispanics has changed how government services aid a population of people. Furthermore, public schools and unskilled labor jobs in inner-cities have shifted to helping more Hispanics and not African-Americans also, the college required government jobs has changed versus positions to bi-lingual were a Defacto-Racism is practice to exclude African-American people from good paying jobs. Cultural regentrification has put more African-Americans out of the middle-class into a poorer class. Cultural regentrification is something that never talked about because politicians don't see it as a problem because the population of people is poor but, this causes a problem for the people that's living in persistent poverty conditions and not a problem for the people that's benifiting from it.
Michael Collins gentrification = white people returning to the communities they built.
@@stanleysalvatore6476 white people built USA.
I didn't even read the rest of what you said because your first sentence was rubbish. Gentrification is playing a big part in pricing African-Americans out of the community? Wrong! By that statement that you made you are basically saying that African-Americans aren't capable living in good quality conditions. Which is a lie. I live in a beautiful suburb which used to be part of a ghetto outside of New York City until they gentrified it, there are many black families who live in this suburb who are hardworking individuals and bought their own homes to take care of their family and make sure they were provided for in a beautiful neighborhood and a good community. One of the women who lives two doors down from me was explaining to me how she worked very hard in a laundry facility and in a nursing home as a housekeeper two jobs for five years to be able to buy her house and provide for her family. She's African-American and amazing and strong and loves gentrification because she sees how good it is and helping bringing African American communities up rather than pushing them down. Gentrification is put into place to help motivate individuals who want to live in quality residence work to get to where they desire to be. Stop playing victimhood
@@andrewlove3686 white people didn’t build not a thing 😐
@@babeena_gt_3645 and the families that got displaced in that suburb I wonder were they are?
Why are these episodes 10 min. Where are the old long form episodes
Edited down severely! I think there’s a lot more information that could’ve been shared. But overall, another great production by Vice 👌🏾
I loved when he breaks into “The City Part Of Town” great episode
I miss how my neighborhood was before gentrification (3rd Ward TX)
I'm 2nd ward Texas Htown!! Majority of all these fancy homes owned by white folks...trying to call my hood "Eado"..naaah bro
Austin tx is changing too
Fax I went down there a few days ago coming home from college. I don’t even recognize the neighborhood anymore
I don't really understand why they had a comedian on this line-up
I call bs. White man said, what's wrong with grandma making money off of what she likely purchased at a very low price. Why shouldn't she pass it on to her off springs after her demise?
gentrification is a complex economical process & saying its inherently good or inherently bad is ignoring that complexity
The best conversation on gentrification I have came across. Thank you.
One reason for gentrification is to deunify the votes of minority communities. This keeps minority candidates from becoming mayor or holding significant roles on City Council, etc. This keeps the tax paying citizens in those communities from receiving funds that will help them repair roads, infrastructure, community centers, and keep up waste management, etc.
People just think predominantly low income neighborhoods just let the community dilapidate, but while other communities are receiving unsubstantiated community funds that keep steady, or increase the values of property. Inflation and stagnate wages haven't helped either.
That's bullshit. Gentrification doesn't deunify votes in minority communities. It doesn't prevent minorities from voting. City funds are managed by city elected officials and departments, not the constituents. Those 'other communities are receiving unsubstantiated community funds that keep steady, or increase the values of property.' are receiving them because they're more affluent with their property value, meaning that they often collect more taxes and funds locally to fund their own public services.
The problem with predominantly black low-income communities (and some Hispanic ones) is that they rarely get involve with the community and local politics and feel apathetic towards them. Most of the residents either don't own their housing, so they don't feel the need to improve or be concerned about it, or neglect it and don't care about the prospects. There's nothing stopping the local residents from getting more involved in their communities in spite of all of this, and look to elect officials of their communities that can improve them, and are concerned about the local offices and services (such as schools and local police) are run, but practically all of these communities don't. There's rarely any sense of
community' in said low-income neighborhoods; a more appropriate wording would be 'dwellings'.
Rad Dudeman Knowing everything and understanding nothing is a recipe for disaster. I bet you believe everything you read.
Gentrification is an economic policy that most affects inner cities where poor and minority people live. We vote and still pay taxes. IDK why people act like all white people own their homes or that all of them actually vote or get involved. White people only protest against minorities "taking jobs, going to school, or standing their ground." They rent too. Show me where people supposedly don't care for their rented homes. Have you ever been or driving in a neighborhood where black people live in houses. (Not a housing project) Cities unfairly pander to people who have the money to buy a solution to a problem, and never spend a dime. Not because they deserve it, or pay their fair share but because of structural inequality and racism.
P.S., Little do you know, your line of thinking proves my point. Go get some better information.
Gentrification isn't an economic policy--economic policies are decisions by collective entities. There is no collective group here that is planning out moving out to cities and raising housing prices. What is happening is that a lot of younger educated people are moving into inner cities for better jobs and are earning a higher income, and some of them happen to live in low-income areas for cheaper rent. The result of that is that the initial property owners in the neighborhoods they live in are charging them more for rent, knowing that they are more able to pay, or raising their housing prices once there have a market of interested buyers.
I never accused black people or low income minorities of not paying rent or taxes. But that black low income neighborhoods aren't often as conscious about maintaining property values and preventing crime from occurring that it keeps their neighborhoods in a perpetual cycle of poverty and poorer public services. This differs from Hispanic, white, and Asian communities that tend to be more stricter about property appearances and housing ordinances, and more likely to complain about abnormalities, in order to make their property more of attractable real estate.
No white people are protesting over non-whites "taking jobs, going to school, or standing their ground." So far, the only demographic I see pushing for segregation for any events, is black students at some universities wanting segregated spaces.
And yes, I have been through many black sub-urbs. I work in Ypsilanti (which is predominantly black) but live rurally and my work-place is predominantly black, and I have been to my co-workers homes in said neighorhoods. I'm not stating that low-income black communities are in anyway 'bad' with regards of their low-valued property, but simply stating why they're cheap in the first place is because of lack of economic opportunities by the residents in the city (which they aren't in fault for), which is starting to change in recent history with more and more companies relocating to inner-cities. I understand that how black people were initially pushed into these areas because of racism and lack of job opportunities derived from that, but I disagree with the rising trend of people--mostly from black intellectual circles--that place the blame on the predominantly young professional white and asian renters, and want to dis encourage them from moving in the first place . The process of 'gentrification' is a global phenomenon in all major cities that allow private property. Houses are the biggest investments most people have, and most home owners aim to increase their value. The solution to gentrification isn't to restrict rent and houses to new migrating trends of people, or be xenophobic to them, but find solutions to offer cheap and secure public housing for low-income earners and people in poverty who can't afford to keep up with rent and housing prices.
I do agree with you with how some of public services are funded by a local basis are unfair, particular with school funding tied to local property price, and I do believe that we should switch to a centralized funding system for that.
The increasing trend of urbanization should be promoted. Although gentrification does have short-term consequences, it's ultimately leading to better overall city life with the increase flow of capital--even for the low-income earners who are pushed out of their initial neighborhoods and have to move to another.
You're an idiot it's about making money and making cities better
Amanda Pratt you don't make sense.
Gentrification benefits those who own property in that area. If you're renting or living in subsidized housing, you're screwed.
It's the responsibility of urban planners to ensure that areas prime for new investment do so gradually, so as not to disrupt the balance and start a market bubble, but also to preserve the character and history of the region. Infill and new business are great ways to kickstart a neighbourhood and generate revenue, but they need to be sure that it isn't washing out the identity of the community, by pushing out the locals who are a product of that area. Housing opportunities should be kept varied and open to all demographics and household incomes. What I can't stand are house flippers that buy a number of properties within a certain distance of each other, pour 200K into each of them to refurbish them, and force the price of the market to skyrocket when they turn around and sell them in 10 weeks.
The comment about South Park is very true; Its not just the coastal cities, cool mountain towns in the Intermountain West (the Rockies) are losing their souls to this process of gentrification.
Dame even them too this is a not good not good at all this needs to stop
This is by far one of the most cordial debates/conversations I’ve seen in YEARS. So refreshing to see adults have a conversation about serious topics with respect for one another.
He talks about making more. Then they would be able to afford housing. But when you make more money shit gets more expensive
And those are the things that make only poor people suffer. Because rich people can afford it no matter what.
That was an amazing discussion
There are a lot of jobs here in Silicon Valley, but not enough housing to meet the demands of the growing economy. Poor people are being pushed to the outer developing areas. It’s so annoying
What’s the difference between gentrification and redevelopment of an area? Everyone in there’s areas is screaming for investment and higher value homes ect
This should have went on for about an hour. There is way more discussion needed.
if you own property than gentrification is great.
Mister Mood very true
Mister Mood We purchased a home here in Houston two years ago since then the home has increased in value fives times over
you must be doing very well than.
Mister Mood .That's true because the value of your property increases exponentially.
Not necessarily. If you own a rental property, it's great. If you live in an area because you like the area, but gentrification changes the culture of the area in a manner in which you don't like, it's not a positive.
Great video, except for a few things: 1. It would be great if people who lived in New York didn't believe it was the only big city in the Western Hemisphere. 2. Race and housing are inextricably linked, historically and presently. We should never let people get away with saying this isn't a race issue. Race has always driven housing value, community amenities, and quality of life in this country.
gentrification is in areas close to the main areas of the cities like the meatpacking district 15 years ago it was rundown in Manhattan now the cheapest rent is $4,000 a month now the only affordable housing is the projects
I blame NYC's high tax. The landlords charge high rents because the NY government over taxes. In fact the #1 GDP for New York is Rental properties. All we have in NYC is renters & rentees (and restaurants)
they’re building million dollar homes near my old house , which is in a lower middle class neighborhood , sadly investors aren’t being regulated & can frankly do whatever they want to do
what regulations do you think should be put in place for that situation?
This is why people say America has no culture. Culture is formed by people living out a set of traditions and values for years in same area. If wealthy investors come in and devlop the neighborhood with no regard for the people who enabled that possibility in the first place. I'm not saying poor low income should say that way but at the very least there needs to be some tact on the part of investors developing these neighborhoods for the people and cultures living there. Doesn't matter if the community is white, black, hispanic, asian, or a religious minority. The existing community needs to be given some consideration otherwise we are just repeating the mistakes of colonialism. Gentrification is just Neo Colonialism within devloped countries given a new name.
Gentrification is good if you live in certain income bracket if they created game they create rules in game to benefit them so they creaters will win game they did not create game so someone else will win it's their game I'm just playing their game I have no other choice I know there is possibility I won't win it's designed for me to not win like a quarter back with no offensive line can't stop blitz/pass rush however I still must play make an attempt try give best shot
I’m sorry people are fighting for neighborhoods that are gang ridden, dirty, and where people don’t even care about the neighborhood, they only care about when people come and want to clean it up and change it, I have spoken to people in those communities and most people are happy about it, it comes with some good changes
The problem is when it kicks people out the neighborhood
You'd be surprised how many people willfully cling to the blight they were born into. It's all that they know. They're not used to living in a nice, safe, clean community.
There's nothing good about gentrified neighborhoods. NOTHING at all.
Less crime, economic growth, increased property values. Just to name 3 good things
@@heifner1063 also better schools, better living conditions, increased economic productivity etc.
To avoid gentrification, the community needs to be revitalised.
why did they bring in a comedian to discuss a serious economic question and give him the majority of the screen time speaking without reasonable backing to many of his claims?
Because comedians actually open peoples minds which is why comedians are always targeted by dictators. Someone like George Carlin really changed the opinions of people
He seemed to have first hand experience with the topic living in Bushwhack, and I think his occupation didn't discount his contribution of information.
It's because this topic isn't something that requires formal training to discuss in much depth. He doesn't need a fancy title or a $100k piece of paper to talk about this. If you think that he does need it, you probably aren't too bright.
Who wins when gentrification happens? PROPERTY OWNERS! anybody else who rents suffers when the rent hike happens due to the quality of living going up. That guy’s example, Grandma could sell her house for top dollar with inflated prices and move to a lower-cost, nice neighborhood and coast for the rest of her life rather than end up in the projects.
This discussion was too short, but they didn't touch on people being pushed out of their homes and other infrastructure problems that could happen.
Rich people bringing in resources to help everyone? Bullshit! Since when have rich people had lower class citizens in their best interest.
A true Authentic Learning Experience when we have the ability to listen to the voices of the panel & audience. Professional moderator!
There is no middle class anymore.
The main people that are worried about gentrification are the renters aka the non-owners. If you own where you live, you’re not worried. Someone that chooses to not invest in their own community by being a forever renter, should not concern themselves with a neighborhood that they do not own.
All I see is a free market at work. I'm an educated white and even I can't afford to live in those high priced neighborhoods. Even if I could swing $2800 per month it is still a lot just for housing.
This video is some bullshit. They skimmed the surface on red-lining, cut dude off when he started talking about the international Billionaires who use luxury development as a tax shelter, didn't say nothing about rising homelessness that's more thann doubled since the 90's. No one challenged NYT columnist about his "build more" theory when there's two empty luxury apartments for every one homeless person and no one mentioned shit about the billions in tax abatements the city has given luxury developers..this shit is a ploy.
Gentrification just doesn't mean more white people. It also means talented Asian groups like Indian and Chinese Americans.
Your RUclips name is the best.
they are actually the most educated group (nigerians). Are they using that education that is a good question. But L King you are spot on with that.
Since when are Indians “talented”
Tom Haverford but that wouldn't fuel the black and white race war so we just have to blame the white people lol
Oh helllll no
Sooo according to this show even if you're just moving into a neighborhood that you can afford you're gentrifying that neighborhood if you have a degree?? Really?? A lot of us who have degrees can't afford the neighborhoods we're "supposed to live in" because of insane student loans, rising property prices, and having to work for next to nothing until we have ten years experience.
aaah boo hoo
Sloppy editing job, but the points were well received. Go Baratunde!
gentrification brings progress sure but then it basically creates a split between old way of living to a more tedious expensive experience
Sao Salazar well said
This needs to be longer
GENTRIFICATION = ETHNIC CLEANSING!
What do I say when my 2 bedroom in San Francisco is much more than that? F-ing housing shortage.
very cool
This is the first advice debate I’ve seen, and I really liked the format! I appreciated that you brought on articulate, reasonable, mature people from both sides.
It was a little annoying that the bias of the host was very clear, but you can’t have everything.
Where I grew up in MD was very diverse (and I don't just mean skin color, I mean different classes as well) but now it's been taken over by all the deep pocket people working in DC. Homes that were between $120k - $150k are now $300k - $450k. But there still shit places to live lol. Apartments that were once $900 a month are now $1,500 a month and still just as shitty as they were before lol.
I use to buy bacon egg n cheese for $2.50....now it's $4 somethin plus tax
Samuel Brice right! 😱
don't even mentioned Chop Cheese
Well you know what some people say, and i love this one, people live in deteriorating neighborhoods because they get to be close to people they identify with. Ahhh, that one cracks ke up each time. Like am so glad i learned to laugh at this bs because I would've gone nuts otherwise. A guy who recently arrived from Jamaica decided to pick up a conversation with me in the waiting room of the doctors office (i was so pissed lol) and went on and on about how nyc is melting pot and i told him on paper nyc has it all but to pay attention to how the pot is distributed around thw five boroughs if he wanted to really see what's up.
The pace at which the neighborhoods change is a form of violence? Lord, we need stronger men.
Gentrification is not a testament to racism at all. Instead it is A CONSEQUENCE for having made poor life choices which include having children out of wedlock, Capitalism, and most important...not building up an excellent credit score so that you can afford to invest in purchasing a home.
Think about it it! Not only is home ownership empowering, but it also puts you in the driver’s seat of a negotiation should a developer express interest. Especially if your property values goes up.
Need I remind everyone that less than 25% of blacks own homes because the majority of their households consists of women and children. And without a father present, along with an over 70% unwed single mother rate, it is no wonder why blacks are being pushed out. NEWSFLASH!!! It’s not your neighborhood if you never owned the property in the first place! You do realize that the longer you rent the more likely you are to be at the mercy of your landlord right? It must also be noted that once your lease expires he has every right to raise your rent, refuse to provide a new lease, or sell to the highest bidder with alternative plans that don’t include you. That’s Capitalism people! And sadly, those who never had the ambition or work ethic to become home owners have only themselves to blame for giving single mothers a pass the moment they decided to live off big daddy government.
baratunde, so refreshing to see him in these convos
I'm trying to figure out next move it doesn't require fleeing my own country problem here can be fixed if you look at it at other countries shit ain't that bad most problem just in our heads
What happens, first code enforcement harassment then properties mysteriously start burning down and ill let you no what comes next as its happening now where i live.
dang it why isnt this longer.
Says a man that has options i keep being pushed i love it out he has no community. smh. Probably has stock in starbucks smh.
I would rather purchase land or lot in a rural area than a City.
still don't know if gentrification is good or bad
I think You are all Missing the point. Gentrification is You moving into our poorer minority Communities using the homes as short term investments that in turn may revitalize one or two streets at most but effectively drive the average price of a home in the neighborhood to unsustainable levels effectively driving out every minority into worse and worse neighborhoods look at Detroit or Chicago it used to be that most homes were occupied in the city now the housing projects are over run single family homes now accommodate 3-4 families the schools are over crowded Violence is threw the roof with murders and over doses every day. Meanwhile you see Slews of abandoned foreclosed or otherwise condemned homes with the occasional nicely renovated updated home for sale because the neighbor hood is empty now that the people can't afford to live there.
This conversation was horrible
Loved that Asian guys question, as I experienced this personally myself. I moved to NYC last year, and I am an actor, so I have very little money to spend.
I went to an area of Brooklyn just to look at an apartment for rent, and as I walked around the neighborhood, some guy yelled at me that I was in "the wrong neighborhood."
Maybe he was right...I ended up in Manhattan renting a mini studio for triple the rent of the Brooklyn apt.
I couldn't afford it for long, so i moved from NYC and back home.
Amanda Restivo good riddance
Hipsters and Yuppies are best off moving to rich communities
I wonder how much influence Bank of America had on this video?
“Denied home loans” lmaooo okay buddy
Why do some people always think it's about "coasts"? Do they realize that there are just as large of cities not on coasts like Chicago, Houston, Phoenix, Atlanta, Twin Cities, Detroit, St Louis, Indianapolis, Cincinnati, Cleveland, Austin etc...
5:50 I recently heard of that negative mindset where an affluent white educated family moved into a 'rougher' neighborhood and blatantly said they needed to buy a gun for protection before they even moved into the new home. It was the viewing of people there as dangerous and different rather than as neighbors (not to mention it was thinly veiled racism).
They don't mention that the gas,electric,and garbage pick up is included in the rent. That's a huge part of why it's so expensive. I pay $2,500 a month for my 2 bedroom and everything is included, I also have a washer and dryer and dish washer in my unit. It's pretty decent size too.
How much is it now?
@@jemazondo9331 same
Horrible scripted fake discussion. There has to be a better format with honest discussion.
This was a neat panel, I would have liked to hear more about it, especially from Lance Freeman. At the end of the day it's economics, I'll live where I can afford. It's a good thing Baratunde Thurston's is a comedian, I couldn't take his points seriously, 100% race-centric from the get go: "I want to challenge this notion that this is something that just naturally happens. Black people were put in specific housing situations..". If Baratunde cared to look back at the original ghettos of NYC, he would have learned about immigrants from Northern Ireland, Germany, Italy, and Poland. In the 1950's came Puerto Ricans (lower east side/harlem) and Blacks.. and for whatever reason the majority of chapter 3 housing families in NYC are black. Blacks are consistently the lowest on the totem pole, essentially being bypassed by all other races. On the west coast their socioeconomic status has been bypassed by asian immigrants (e.g. newer immigrants), and latinos. I would love for this segment to run for a full 60min, as it presented an excellent learning opportunity for many who don't understand gentrification and economics, but are quick to pull the race card.
What I find funny is that our ghetto is begging the city to bring the new projects to the north side and stop pouring money into the south side, basically asking to be gentrified. And as someone who used to live there I don't see that as a bad thing but I also know it won't happen in my city, at least not in this decade.
Gentrification is awesome because it’s an improvement of the neighborhood. The opposite of gentrification is urban decay.
Gentrification increases the value of homes and the neighborhood, which is what home owners want when they invest. Urban decay is the opposite. Lower property values, lack of jobs, and older residents lose value.
There are two issues here. Perception and race.
By definition, gentrification improves home values and increases rent. Whereas the opposite, urban decay, decreases home values and lowers rent.
Blacks will continue to argue that it’s a lose lose situation. They will argue that gentrification is bad for blacks as it pushes out poor renters, completely ignoring the financial boom it has for black homeowners.
But if those hipsters move out, and there’s “white flight”, blacks will complain about that too, arguing on the other side, saying that whites moving out is bad for blacks because of decreased property values, and ignoring that white flight / urban decay makes an area less desirable, thus more affordable for a poorer black person.
And the issue of race due to racial coding by calling gentrifiers as “hipsters”. These people are doing what blacks WISH they could do to their own neighborhoods; improve the quality, create jobs, and create value.
When the values go down due to continued decay, blacks who can afford to buy, will REFUSE, and not bother. It takes white people to clean up a neighborhood, because blacks WON’T do it. They buy the property cheap, because it is cheap and affordable, and they are willing to invest and open up their craft beer joint hoping to attract business. If successful, they earn money on their investment.
Blacks won’t do any of this, even the ones who can afford it from outside because we will simply cater to our own and eventually get burned and lose.
Whites gentrify the neighborhood and cater to white clientele which improves neighborhood. Blacks wish they could do this. Blacks ultimately destroy neighborhoods and businesses that cater to black clientele (pay day loans, braids, package liquor stores, etc) will decrease the value of the neighborhood.
Blacks should own what’s in black neighborhoods, but we don’t because we aren’t self sufficient and autonomous. Whatever we do own, we sell it.
Chinese neighborhoods and Chinatowns are NEVER gentrified. Why? Because they aren’t for SALE and they run it and it’s profitable.
Don’t like gentrification, then don’t SELL what you own. And if you don’t own it, then BUY it, especially when the value is low.
A poor black person would rather spend $300/mo for an apartment in Detroit, but somehow be “too broke” to buy house for $10,000. In three years, the money they threw away in rent could have been ownership in the clear, but nope...
But then you end up in a situation like the bay area where not even high middle class earners can afford housing. The reason is because property owners lobby local government to prevent new affordable housing to be built making it unfair for everyone. Those same property owners are being bought out by foreign investors who have a shit load of money to spend are taking advantage of these zoning laws and are increasing renting prices and now everyone is complaining .
Both are right. Both have a perception of the term
Gentrification isn't 100% a bad thing I'm assuming I don't even respond 100% understand what it is that's why I'm googling it and on RUclips right now but the only time we've ever viewed it as bad is when they try to gentrify older neighborhoods by raising the cost of everything so the people who have pretty much raised entire generations of family is in these homes or can no longer afford to stay in their homes or they aggressively try to convince the elderly to move out of their homes so they can tear it down and build up condos and these are some of the oldest parts of our city just because they're right next to downtown or the city's growing they think it's okay to push these people out of their homes and pretty much to the outskirts of the city Houston is huge so the outskirts isn't just like 5 minutes away The outskirts is probably 40 minutes away from where you were
With all respect to Mr. Tierney, all of the manifestations in Urban enviornments are a result of policy. Sure, culture develops organically, but policy is the stimulus.
The biggest thing BP have failed at, was the chance of living a really lavish and wealthy lifestyle by simply taking care of the neighborhoods and homes they've inherited back in the old days from the rich white men who owned the homes before them (and now turned into a rotting craphole). At least in the city where I live, these old homes are near the downtown area, which was once owned by really wealthy rich white men/families. Had BP not tore up these neighborhoods and the homes within and kept the neighborhoods safe/crime free and the usual, these homes would've gone up astronomically in value (due to the old history within), causing nearly every single BP in this part of the city to be wealthy.
As we all know, home values tend to appreciate over time, but not when BP move in, once BP are in a home, the value decreases (instead of appreciating). BP themselves are the ones to blame for their own failure in life.
So I guess answer is to remove Bp from USA?
that was way too short
I used to live in San Francisco. In one year, the rent on my three bedroom home went from $1700/month to $2800/month. Mostly due to the google bus stops.
I got priced out of my own neighborhood. As an electrician, I still work there, but now I commute. Out of spite, if someone who works for google hires me, I charge them up their skinny Asian asses for the littlest things. Justice.
In my case, I'm a Korean guy that got pushed out by Chinese and white people.
Now I live in an area with mostly Mexicans. I bet there's some Mexican dude out there freaking out that I was willing to pay $1600/month for this house.
The only thing anyone seems to be able to say to me, or these Mexicans is _too bad_.
@@SpacemanXC In all fairness, a mortgage would probably be a better bet if you're paying $1700/month for rent anyways. Why not own something for the same price you can rent at?
@@mariusbleek Yeah that's exactly what I did. I bought a house in south San Jose. Got a 30 year loan at 1600 a month.
🙌🏻
I have a question. The opposite of gentrification is blight. So am I comprehending that they are saying gentrification happens when white people move into black neighborhoods and that if they didn’t the neighborhood would be blight?
I call it the "dogification of Brooklyn", now EVERYONE has a dog, it's crazy!@@
I hate that everything we discuss involves analogies and hypotheticals . Make points using real people and stories in order for people to understand better .
THE SOUTH PARK REFERENCE!