Tuesday, August 08, 2017

More capitalism won't solve gentrification

You are never going to build your way out of the housing problem if all you do is build nice things for rich people.
The idea of filtering, as well as the premise that new construction will bring down rents, means little when housing can be, and often is, used as an investment. Boosting the number of housing units doesn’t necessarily mean people who need homes will get them. Increasingly, what we see in so-called “global cities” is a proliferation of housing as a global commodity, not a basic necessity.
Here's a fun project. During the next forum you attend during this year's election, try asking the candidates if they think New Orleans is a "global" or "destination" city and what they think that means.

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