MARC concludes that Kansas City real estate speculation is mostly unsuccessful . . . But not for lack of trying . . .
Gentrification in KC: Is it Happening? And Where?
What's important . . . This is a hack study bought and paid for by the same kind of civic d-bags who cheer the toy train and Kansas City's impending bankruptcy . . .
Unmentioned in this report that impacts gentrification in KCMO . . .
- Thousands of vacants scaring potential investors.
- Urban Core Crime Spike that has thwarted home buying speculation.
- Housing Collapse saved us from hipster architects for just a little while . . .
Sadly, there's a bit of new money out there that will bring out even more speculators looking to make a buck on the misery of local po'folk.
On the bright side, all gentrification in Kansas City must cope with the cruel reality that selling real estate hopes and dreams to greater fools involves convincing people that paying top dollar to live in flyover country is worth it. Thankfully . . . That's an increasingly hard sell.
Developing . . .
Gentrification can only occur in relatively low crime areas. In KCMO poor people welcome new victims into their neighborhoods.
ReplyDeleteThe area between Troost and Paseo from 47th to 63rd is rapidly gentrifying. There are still some bad neighbors, but I think they will all be gone within the next five to ten years.
ReplyDeleteHaven't all the working classes in this country below the one-percenters been crushed, hammered, and trashed enough?
ReplyDeleteThe market manipulators are out for profits, they are cheap bastards who worship money more than their reputation. They have ALWAYS, and without exception, BLOWN THEMSELVES up and run to government for bailouts.
ReplyDeletePoliticians love gentrification because they can take credit for making an area better. But to the extent that the criminals pushed out move to another neighborhood and trash it what has been accomplished?
ReplyDeleteUntil most areas of a city are safe and livable the city has not done its job. Pushing crime from one area to another is not success.
9:10 you're spot on!
ReplyDeleteI have an aunt who made a bunch of money selling shit mortgages in the aughts, bought a huge house past 143rd in overland park, then had it all crash. Of course, they still live in the house, and have bought several speculative vacant properties in the urban core. Can't tell you how thrilled I am to see them over Thanksgiving! Nothing like cashing in destroying black communities!
ReplyDeleteYes, 9:10 is right. Pricing people out of an area doesn't correct their behavior, it just shifts it to another area.
ReplyDeleteNortheast is known for two things three things: Historic Homes, Diverse Cultures, and High Crime. Putting a streetcar on Independence Avenue doesn't address the high crime rate; if anything, it will just shift the crime to St. John or 9th Street, and it's an affront to the diversity that we celebrate here.
If these streetcar people had their way, 2/3 of the minorities in Northeast would be gone and only the "good ones" would remain.
What a complete waste/abuse of tax payer money.
Newsflash. tony has zero idea what he is talking about. None.
ReplyDeleteWHO BENEFITS?
ReplyDelete9:50 says:
ReplyDelete"Nothing like cashing in destroying black communities!"
Because young black youth have had nothing to do with that right? I guess children drying from stray drive by bullets does not factor into that.
Shit hipsters say:
ReplyDeletehttp://www.youtube.com/watch?v=h-RtayJQubY
Blue Bayou
ReplyDelete