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>
To: "Sudo Room Discussion List" <sudo-discuss(a)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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Ryan Bethencourt
Tel:(415) 825 2705
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@ryanbethencourt