What Happens When Neighborhoods Gentrify? | The Business of Life

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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[mellochoco]

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

[pdc]

What about the foreign rich people who buy out homes with cash.

[deedeeable]

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.

[kevint]

Ironic when most of vice's audience is gentrifying echo park

[stevens]

I'm seeing this in my neighborhood of Inglewood CA.properties are rising and the poor are forced out .

[mapugrawr]

same thing happening to Hawaii. making all the land for more military and more vacational rentals. where's the homes for the locals?!

[EzraB]

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.

[iivv_nn]

Happen organically? "Redlining", 'white flight". I guess that's organic.

[beauxjones]

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.

[dr.manhattan]

Moral of the story. Black people who are able need to become *property owners*
That's when the Gentrification complaints will end.

[Azarathify]

What if you see the crime in the area as a threat and want to get rid of it?

[SpeedofLife]

This short is too short. Give it 20 minutes at least. Please for me

[babeena_gt_]

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 .

[benweissman]

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.

[bonfilerick]

2 bedrooms for $2428? That's insane

[Jonathan-pcww]

Don't forget... taxes rise and the average income home owner can't keep up. Even when the mortgage is paid off.

[benjaminsmith]

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.

[mistermood]

if you own property than gentrification is great.

[cstracener]

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 ?

[Mc-]

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.