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View Diary: The gentrification cycle (32 comments)

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  •  The buildings aren't abandoned... (5+ / 0-)

    ...but they are unoccupied most of the time.  This is one more ugly side effect of extreme inequality -- the very wealthy have multiple houses, and live in most of them for only a few weeks out of the year.  

    While those properties are maintained and don't go derelict, when a large portion of a neighborhood's housing stock is turned into vacation homes for the obscenely rich, it just sucks the life out of the surrounding neighborhood.  After all, people who aren't there most of the time will provide almost no business to neighborhood shops.

    I've seen this playing out in Rome, and it's slowly sucking the life out of some once charming and eclectic neighborhoods.

    Political Compass: -6.75, -3.08

    by TexasTom on Wed Apr 17, 2013 at 10:55:46 AM PDT

    [ Parent ]

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