Will Gentrification, high housing prices eventually wipe out the poor and middle class? (Beverly Hills: for rent, house)

[CaliRestoration]

Originally Posted by loveautumn

I've looked at many cities all over the US and unfortunately rents are high in places that don't even have mountains or beaches. Seems all the developers/landlords believe their areas are special enough to warrant high prices...

If they are able to sell or rent units, then the prices are "warranted". If they stay on the market, and no one is able to purchase or rent, then they will decrease prices accordingly. That is not "belief", that's the market, and the market is truth.

[slackercruster]

OP...dunno, but possibly. I moved out of CA in '89 cause could not afford it.

Here is the thing. Cycles come and go. The young guns doing great today could be the unemployed of tomorrow. Then a new batch of up and comers will get the jobs.

https://danielteolijr.files.wordpres...pg?w=741&h=304

You can't tear down the model and expect all to be well...something will have to give.

[slackercruster]

Originally Posted by loveautumn

I've looked at many cities all over the US and unfortunately rents are high in places that don't even have mountains or beaches. Seems all the developers/landlords believe their areas are special enough to warrant high prices...one example is Raleigh NC but there are many others. Houses are less expensive but rents are going up all over the country. And home prices are not far behind.

Yes, concur. Even in the rustbelt rents skyrocketed. Roommates are very common with privacy beds.

[expatCA]

Originally Posted by slackercruster

Yes, concur. Even in the rustbelt rents skyrocketed. Roommates are very common with privacy beds.

Supply and demand. If there were not enough people to pay the rents would drop. Ditto with housing. Frustrating, YES, but life is what it is. Either make enough or .....

[loveautumn]

It's easy to say to many thousands of people to "just move"...but most have lived here a long time, have roots, families, friends. And they help support the economy here with lower paying jobs. Not everybody graduates from college and start out making $85k or more. It costs alot of money to uproot oneself or ones family, and not everybody is young anymore. What will happen here is what happens in every big city. Enclaves/neighborhoods of the poor, elderly and low mid class will develop (they already are) and soon areas will become run down and then gangs and crime increase. All cities have very wealthy, upper mid class, low mid class and poor areas and SD won't be any different.

[expatCA]

Originally Posted by loveautumn

It's easy to say to many thousands of people to "just move"...but most have lived here a long time, have roots, families, friends. And they help support the economy here with lower paying jobs. Not everybody graduates from college and start out making $85k or more. It costs alot of money to uproot oneself or ones family, and not everybody is young anymore. What will happen here is what happens in every big city. Enclaves/neighborhoods of the poor, elderly and low mid class will develop (they already are) and soon areas will become run down and then gangs and crime increase. All cities have very wealthy, upper mid class, low mid class and poor areas and SD won't be any different.

It is happening but not in the same way. Now there are so many people with money and foreign ones buying as well, that the population is changing and even the bad areas get sold and fixed up, driving the poor and middle class further away. Part of the problem, is it isn't a big city issue it is a huge suburban issue, where even what used to be questionable areas are selling and being improved. There will always be poor, to serve their Masters Oops, I mean the Rich, but the middle class that can't live 4 to a bedroom will be driven out. The lower class, below the upper Middle class, will shrink as they can't find enough places to crowd into or will not want to.

Hard on many, yes, and in some cases no choice but to move away from family as they simply can't afford to stay. Not a good thing, but no reasonable solution either.

[CaliRestoration]

Originally Posted by loveautumn

It's easy to say to many thousands of people to "just move"...but most have lived here a long time, have roots, families, friends. And they help support the economy here with lower paying jobs. Not everybody graduates from college and start out making $85k or more. It costs alot of money to uproot oneself or ones family, and not everybody is young anymore. What will happen here is what happens in every big city. Enclaves/neighborhoods of the poor, elderly and low mid class will develop (they already are) and soon areas will become run down and then gangs and crime increase. All cities have very wealthy, upper mid class, low mid class and poor areas and SD won't be any different.

Okay, then stay. That's why it's called a free market. No one is forcing anyone at gunpoint to stay and suffer from high taxation, high cost of living and low wages. Anyone is free to leave if there is something better out there.

It's easy to make excuses, it's hard to actually make changes. That I agree with.

[jm1982]

Originally Posted by loveautumn

It's easy to say to many thousands of people to "just move"...but most have lived here a long time, have roots, families, friends. And they help support the economy here with lower paying jobs. Not everybody graduates from college and start out making $85k or more. It costs alot of money to uproot oneself or ones family, and not everybody is young anymore. What will happen here is what happens in every big city. Enclaves/neighborhoods of the poor, elderly and low mid class will develop (they already are) and soon areas will become run down and then gangs and crime increase. All cities have very wealthy, upper mid class, low mid class and poor areas and SD won't be any different.

I have heard this position many times about having roots in the area etc .
I don't feel a landlord , developer or taxpayers have an obligation to provide housing for someone in an area just because they have roots there or family or friends . Everyone is going to claim they have roots so they can have a more affordable or cheap rent .

We live in a capitalistic society with private property rights but I see the leftists trying to change us over to socialism .
Not sure what you mean about poor neighborhoods developing and becoming run down ? Redevelopment and gentrification usually pushes out crimes and gangs .

It costs some money to move , but it costs a lot less if you get rid of all of most of your stuff before the move.

I had some older furniture I tried to sell even for low prices and just had to end up donating them .

No doubt the cost of moving will pay off pretty quick if you can move somewhere with lower housing costs.

[CaliRestoration]

Originally Posted by jm1982

I have heard this position many times about having roots in the area etc .
I don't feel a landlord , developer or taxpayers have an obligation to provide housing for someone in an area just because they have roots there or family or friends . Everyone is going to claim they have roots so they can have a more affordable or cheap rent .

We live in a capitalistic society with private property rights but I see the leftists trying to change us over to socialism .
Not sure what you mean about poor neighborhoods developing and becoming run down ? Redevelopment and gentrification usually pushes out crimes and gangs .

It costs some money to move , but it costs a lot less if you get rid of all of most of your stuff before the move.

I had some older furniture I tried to sell even for low prices and just had to end up donating them .

No doubt the cost of moving will pay off pretty quick if you can move somewhere with lower housing costs.

No we can't do that jm. Didn't you hear? We have ROOTS in Beverly Hills/San Francisco/Coastal OC. Even if someone makes $45,000 a year, they should be able to buy a home where they have roots? Don't you care about feelings and people jm?

[jm1982]

Originally Posted by CaliRestoration

No we can't do that jm. Didn't you hear? We have ROOTS in Beverly Hills/San Francisco/Coastal OC. Even if someone makes $45,000 a year, they should be able to buy a home where they have roots? Don't you care about feelings and people jm?

I actually did grow up in Beverly Hills , we then moved to the South Bay Area of SoCal , then back to west la . Then I lived in Hollywood for a little bit , then the valley .
I would never think of demanding to remain there and think the city or taxpayers should of kept me there .

I've lived my whole life in the SoCal area but haven't remained in the same house or neighborhood .

I don't think moving is always the huge tragedy that some make it out to be .