Yea, I’m not buying that you need to kick people out of their houses to improve the economy (whatever that means to you...). Employment and gentrification are linked and cause each other.
Please, stay away from the terrible cities! Would you go so far as to call them shitholes?
I'm not tracking the argument you're making. Between the frequent revisions of your comments, I've gathered that HN users are bad for not visiting Oakland, but once you discover that we've been there, now you want us to stay away? I thought I was preferring gentrification to decay, but now I'm personally kicking people out of their houses?
Life is hard and unfair. I get it. But if you make choices based on a short-sighted compassion for the disadvantaged that entirely neglects long-term consequences, you will make life harder and more unfair. Exhibit A: CA's Prop 13.
> Nobody is walking up to a door and dragging poor old grandma out.
What exactly do you think happens when an apartment complex gets purchased by a buyer whose plans are to redevelop (either remodel or demolish and rebuild) it for a more upscale market.
> Nobody is entitled to live in a certain community for a certain price.
Whether entitled or not, people are in fact harmed by being forcibly displaced from their home.
What happens in our markets up here (MA and NH) is the new building owner inherits the leases of the existing tenants and must fulfill the obligations of those leases. I assume the laws are similar in CA.
Once the building owner and tenant both fulfill that which they’ve agreed to, they can mutually choose to extend renew or not. If the building owner wants to redevelop, they need to wait for leases to run their term or they need to buy out of the lease with each tenant.
When they do that, they’ve fulfilled their end of the bargain. If a tenant wants more than that, they can negotiate (and pay for) lease renewal options. Most residential tenants do not (most commercial tenants do), but should then not be surprised when they don’t have that ironclad option to extend the lease that they didn’t choose to buy.
Then people need to adjust their living styles. "Forced" is the wrong term here. Either you can afford your apartment or not. Nobody deserves cheap rent.
Yes, that's exactly a downward distribution of pain.
> "Forced" is the wrong term here.
As they are compelled by the actions of others, it is exactly the right word.
> Nobody deserves cheap rent.
That certainly includes the wealthier beneficiaries (the new residents, not the even wealthier investors) of government-subsidized gentrification, who are, after all, getting exaxtly what the poorer losers in that process are losing.
If nobody deserves it, taxpayers shouldn't be paying to transfer it from the poor to the wealthy.
Please, stay away from the terrible cities! Would you go so far as to call them shitholes?