Gentrification

[achinhibitor.livejournal.com]

Paul McMorrow writes about gentrification in Union Square. He notes that with the arrival of the Green Line, it will be much more desirable to live in. This will cause an increase in demand for housing there, and that there are two choices: Allow enough additional housing to be built to prevent prices from rising insanely, or preserve its "character" (appearance) at the cost of pricing out just about everybody who already lives there.

"Desirable, inexpensive, low-density -- choose any two!"

Comments

[bikergeek.livejournal.com]

The whole thing will be tied up in the courts so long that today's recent college grads will be old and gray by the time the things are built, and by the time the court challenges are done, they'll only have allowed something like 1/4 of the units that were originally proposed.