Thursday, July 03, 2008

Study: Gentrification benefits many blacks

From UPI:
The study by researchers at the University of Colorado at Boulder, the University of Pittsburgh and Duke University found that when white, college-educated residents move into low-income neighborhoods, the resulting economic benefits did not all accrue to the newcomers as is usually assumed. Instead, black householders with high-school degrees accounted for a plurality of the total income gains in such neighborhoods, Time Magazine reported Monday.
A very short article but it's something to chew on.

There are some people my mom knows on the west side. Things are looking up that way. One man she's known for years told her once that he has no intention of giving up his home. At that he isn't going to give it up without a good price.

Surely if a neighborhood was to change for the better it might mean a safer neighborhood for the original residents. Those who aren't productive are likely to leave. And they know it because some of the least productive are going to engage in intimidation and criminal activity hoping to stem the tide of change and unsuccessfully.

Of course let's continue to stress as it was in that article that this is not to say someone won't get displaced. That is rising property values and rents might cause some to be unable to afford to stay. Hmmm, I'd like to see this study in that case.

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