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Old 09-11-2014, 12:55 AM
 
172 posts, read 217,316 times
Reputation: 130

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I recently saw this news story in Seattle and it made me really sad: Longtime residents on Seattle's First Hill forced out

Watch the video and tell me how it's fair that this can happen so developers can make money - what can be done to protect against this?
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Old 09-11-2014, 05:51 AM
 
Location: Denver
14,157 posts, read 19,805,340 times
Reputation: 8810
In that case it's not fair. But gentrification doesn't stop, it's a natural process.
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Old 09-11-2014, 08:03 PM
 
48,516 posts, read 84,056,192 times
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I agree the decline just made so many urban areas rust away from lack of tax based.
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Old 09-11-2014, 10:13 PM
 
2,388 posts, read 2,960,847 times
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What can be done to stop displacement?

Ownership.

A lease is just that - it's a short term contract to use someone else's space. When your contract is up the person or company that owns that property doesn't have any obligation to renew that contract.

If you want to plant roots somewhere - buy.
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Old 09-11-2014, 10:37 PM
 
Location: Portland, Oregon
46,053 posts, read 29,585,537 times
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Socialism and government controlled housing....but I have a feeling most Americans would be opposed to that.
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Old 09-12-2014, 01:34 AM
 
172 posts, read 217,316 times
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Quote:
Originally Posted by drive carephilly View Post
What can be done to stop displacement?

Ownership.

A lease is just that - it's a short term contract to use someone else's space. When your contract is up the person or company that owns that property doesn't have any obligation to renew that contract.

If you want to plant roots somewhere - buy.
Many, if not most people cannot afford to buy. So they should just be at the whim of greedy developers?
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Old 09-12-2014, 08:10 AM
 
Location: Chicago - Logan Square
3,396 posts, read 6,192,053 times
Reputation: 3717
If you are renting the property the owner has no obligations other than what's in the lease and required by local laws.

In this case it looks like the developer is simply not renewing leases (I'm basing that on the woman who has lived there for 11 months, and has to move out in a month). I think landlords should be required to honor all leases in place when they buy a building, and also give notice to all residents if a building is up for sale. It's very possible both things were done in this case.

I thought it was interesting that the reporter in this story had lived in the building, but didn't renew her lease months earlier because she believed the building was being sold.

Last edited by Attrill; 09-12-2014 at 09:34 AM..
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Old 09-12-2014, 09:02 AM
 
2,388 posts, read 2,960,847 times
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Quote:
Originally Posted by Bernard_ View Post
Many, if not most people cannot afford to buy. So they should just be at the whim of greedy developers?
65% of households in the US are owner occupied and most landlords are not developers or property managers but rather people who own a unit or two so your premise isn't true.

1/3 of renting households are headed by people under 30. The average age of renters peaks around age 35 and the likelihood of someone renting decreases with age.

I'm not anti-renter. I own a house but I rent it out and I live in an apartment because I don't live where my house is anymore but I hold on to my house because I'll probably go back there somday. I'm also not anti-poor. The affordable housing budget in this country is massive and could easily house everyone who needs it but the money is currently being squandered (mostly through patronage). I'd say that the system needs to be reformed and if it still needs more money then we can recover that money through a tax on luxury housing.

Everyone has a right to housing but there is no right to squat on someone else's property for as long as you feel like.
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Old 09-12-2014, 09:04 AM
 
74 posts, read 56,224 times
Reputation: 146
Quote:
Originally Posted by Bernard_ View Post
Many, if not most people cannot afford to buy. So they should just be at the whim of greedy developers?
Yes....their property, their right to do with it as they see fit. Not his fault someone else can't afford to buy.
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Old 09-12-2014, 11:38 AM
 
Location: Atlanta, GA
328 posts, read 254,615 times
Reputation: 276
OP, I think it takes developers that are not in it for a profit. Call it public development or whatever, the profit motive is something that is very hard to get around.

How many not-for-profit developers exist anyway?
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