Friday, February 22, 2008

White People Like Gentrification

Or so I'm told:

In general, white people love situations where they can’t lose. While this does account for the majority of their situations, perhaps the safest bet a white person can make is to buy a house in an up-and-coming neighborhood.
They are like a modern day Lewis and Clark, except instead of searching for the ocean, they are searching for old properties to renovate.

In a few years, if more white people start moving in, these initial trailblazers will sell their property for triple what they paid and move into an ultramodern home.

Credibility or money, they can’t lose!

Although written to be funny (and succeeding quite well in this regard), it is scary how close this actually is to the truth for a lot of places. In fact, minus the part about Giuliani booting all the homeless people from public places, this post does a pretty good job summarizing Neil Smith's take on gentrification.

(h/t shakha)


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