Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Democratic presidential candidate Hillary Clinton says she will push to make housing more affordable as she visited a senior center in Harlem ahead of the New York primary.
The progressives in Toronto launched this plan 30 years ago. Now we have ghettos and gun crime where there was none before. If you can pass a law against gentrification in existing hoods....then the locals can stay- but money and profit rule. Clinton is simply pandering.
Gentrification isn't free market either. Bill Clinton in the 90s signed bill granting companies huge tax credits for developing run down urban areas. New York State passed it's own tax credits as well.
So the government essentially paid developers to tear down run down housing for working class people, and replace them with luxury housing.
Now that it's become a huge political issue, the federal government is changing tunes.
Oh by the way there are a number of subsidized mortgage programs. The federal government never stopped it's heavy involvement in the housing market in NYC.
Gentrification isn't free market either. Bill Clinton in the 90s signed bill granting companies huge tax credits for developing run down urban areas. New York State passed it's own tax credits as well.
So the government essentially paid developers to tear down run down housing for working class people, and replace them with luxury housing.
Now that it's become a huge political issue, the federal government is changing tunes.
Oh by the way there are a number of subsidized mortgage programs. The federal government never stopped it's heavy involvement in the housing market in NYC.
Urban renewal didn't work. Back to the city movement and gentrification is also not working because poverty still remains. Both schemes did not work and was supported heavily by the federal government. In the coming decade ahead, feds will push for expansion of suburban development again. This is what I'm hearing from think tanks. Also in the decades ahead cities clustered together will become regional belts linking to one another.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.