I'm intrigued by this discussion,
what's seemed odd to me for a
while is that the conversation seems to be very one sided, i.e.
all gentrification is bad, yet what about if it isn't? What if a
rising tide lifts all boats?
I came across an article a while back that was published on NPR
(not known for being biased one way or the other) which discussed
the data which actually tended to support the positive aspects of
gentrification for residents of poorer neighborhoods. It's worth
a read:
"We're finding that the financial health of original residents in
gentrifying neighborhoods seems to be increasing, as compared to
original residents in nongentrifying, low-priced neighborhoods,"
says Daniel Hartley, a research economist with the bank."
I would also make the argument that spaces like Sudo Room, Public
Schools, LOL space, Counter Culture labs and etc actually make a
net positive impact for the entire community and yet do have a
gentrifying effect. We have much work yet to do but communal
spaces, open education and the maker movement have the potential
to empower many communities and I say that as someone that hopes
to do more to help lift others up, I think most of us are of the
same mindset?
Upwards and Onwards!
Ryan
Sonja Trauss
<mailto:sonja.trauss@gmail.com>
May 11, 2014 at 10:43 AM
Quick point - you guys know that it was the housing market crash
(sudden DECREASE in home values) that set off waves of
foreclosures, right?
In other words, suppose you're in one of these loans.
You realized what is about to happen to you ("FUCK! I can't
afford the mortgage after reset!) let's look at two scenereos:
Scenereo one: the value of your house has increased since you
purchased it two years ago. The house is worth more than you owe
on it, and there are many buyers interested in buying homes like
yours in your area.
Scenereo two: the value of your home has decreased since you
purchased it two years ago. The house is worth less than you owe
on it, and there are very few people interested in buying homes
like yours in your area.
Which scenero is better for you? What do you do in each scenereo?
On Sunday, May 11, 2014, Autonomous <autonomous666(a)gmail.com
<mailto:autonomous666@gmail.com>> wrote:
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Autonomous <mailto:autonomous666@gmail.com>
May 11, 2014 at 9:56 AM
Oakland gentrification is very well planned &
executed
Indeed. It is particularly reprehensible that specific
neighborhoods in Oakland were targeted for predatory loans and
fraudulent foreclosures. The attached image shows foreclosures
in Oakland represented by small dots which is overlaid onto
demographic data showing non-white neighborhoods in red and
white neighborhoods in blue. See a pattern here? This is a form
of economic warfare targeted against people of color who have
lost a massive amount of wealth while investors have moved in to
profit from the resulting increase in real estate values.
The scam involves a loan with very low interest for a period of
two years followed by a dramatic increase in interest. When
people ask for a loan modification, they are told they need to
miss a payment in order to qualify - it's in the servicing
contract. Then, upon missing one payment, the bank refuses to
accept any more payments by giving the run-around and the home
is subsequently foreclosed upon. If that wasn't enough, people
are forcibly removed from their homes by illegal eviction
proceedings. Typically the unfortunate former homeowner only
learns about the eviction when the police show up to kick them
out on the street along with all their possessions. This is
because they aren't served properly and have no idea a court
action even existed. This pattern was repeated over and over in
Oakland, as you can see in the attached image.
Inline image 2
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Patrik D'haeseleer <mailto:patrikd@gmail.com>
May 10, 2014 at 7:33 PM
On Sat, May 10, 2014 at 7:29 PM, <batkid(a)gmx.com
<mailto:batkid@gmx.com>> wrote:
Don't worry, Oakland won't become the East Hamptons anytime soon
http://www.insidebayarea.com/news/ci_25737160/oakland-man-shot-driving-truc…
http://www.insidebayarea.com/news/ci_25732368/jurors-convict-man-murdering-…
http://www.insidebayarea.com/news/ci_25731273/oakland-man-dies-from-injurie…
Oh good - I was getting worried about having too many museum
shows and cat video festivals in the neighborhood...
Patrik
-----Original message-----
Sent: Saturday, 10 May 2014 at 21:30:39
From: "Romy Snowyla" <romy(a)snowyla.com
<mailto:romy@snowyla.com>>
To: "Sudo Room Discussion List"
<sudo-discuss(a)lists.sudoroom.org
<mailto:sudo-discuss@lists.sudoroom.org>>
Subject: [sudo-discuss] Oakland gentrification is very well
planned & executed
The museum shows, the cat festival.. I guess we are all part
of the master plan : P
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batkid(a)gmx.com <mailto:batkid@gmx.com>
May 10, 2014 at 7:29 PM
Don't worry, Oakland won't become the East Hamptons anytime soon
http://www.insidebayarea.com/news/ci_25737160/oakland-man-shot-driving-truc…
http://www.insidebayarea.com/news/ci_25732368/jurors-convict-man-murdering-…
http://www.insidebayarea.com/news/ci_25731273/oakland-man-dies-from-injurie…
-----Original message-----
Sent: Saturday, 10 May 2014 at 21:30:39
From: "Romy Snowyla" <romy(a)snowyla.com>
<mailto:romy@snowyla.com>
To: "Sudo Room Discussion List"
<sudo-discuss(a)lists.sudoroom.org>
<mailto:sudo-discuss@lists.sudoroom.org>
Subject: [sudo-discuss] Oakland gentrification is very well
planned & executed
The museum shows, the cat festival.. I guess we are all part of
the master plan : P
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--
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Ryan Bethencourt
Tel:(415) 825 2705
ryan.bethencourt(a)gmail.com <mailto:ryan.bethencourt@gmail.com>
@ryanbethencourt
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