Quote:
Originally Posted by sebastian_dangerfield
At least in cities, bargain hunters will flood into cheap areas and improve them. In suburbs, and particularly exburbs, once the flight occurs, the only people who come in are speculators looking for cheap rental properties. A community of suburban renters is fucked. No property tax base, so shitty schools. It’s the worst kind of transient community. Mid Atlantic is pock marked with these types of places.
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The notion that development = improvement remains at the core of urban problems.
We generally need ways of delivering quality low and moderate income housing, not ways of converting whatever (flawed though it may be) low and moderate income housing to luxury housing (or absentee condos for Chinese buyers).
And some areas with high vacancy rates have remained that way for decades - how long do we have to wait for the magical improvers to come in?
