The real gentrification story
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From the Los Angeles Times
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Spot on and well written from the author's perspective.
Does it really matter? @ 2:44 PM PDT, Jul 3, 2008
This article in TIME paints a similar picture: http://www.time.com/time/business/article/0,8599,1818255,00.html?imw=Y
Jared @ 1:43 PM PDT, Jul 3, 2008
Julie, bank redlining has been illegal since the 70's. While you may argue it is still practiced, nevertheless it is illegal. And I highly doubt a family in Echo Park would be denied a home improvement loan with the proper means to pay it back. Having worked in the fields of urban planning and architecture, I too have witnesses this side of gentrification. Once, I was working on a plan in my neighborhood for better street lighting and a community park. I was shocked to see low-income and homeless advocates (many of whom did not live in the neighborhood) oppose the plan because it "encouraged gentrification".
Jared @ 1:43 PM PDT, Jul 3, 2008
This is awfully one-sided. You ignore the issue of red-lined neighborhoods, meaning banks do not make loans for people to fix up their houses there, and it is easier for people living there to sell their homes then beautify them. What of the developers who offer to buy homes, knowing that there is an affordable housing shortage in the area and the price of the average available home is more than they have offered? Traditionally poor people and people of color bought new cars because they could get a loan for a car but not a house. Somehow you have divested the issue from its history and written a self-satisfied and smug article about nothing.
Julie @ 9:46 AM PDT, Jul 3, 2008