Comment 112674

By Borrelli (registered) | Posted July 08, 2015 at 15:15:58

Sorry, Morgan, but your argument is a little too tautological for me--you might as well say change inevitably leads to change. Or as Moyle noted, non-gentrification can just as well lead to displacement. I just don't see how it's a terribly prescriptive, descriptive, or even accurate observation since your scenario is based on one-way capital flows out of the gentrifying areas. I don't see any compelling reason why the same people you suggest are inevitably to be displaced can't be the same people benefiting from increased demand for goods and services.

And you absolutely can make proactive decisions to mitigate the economics--you outlined that scenario yourself in your last line: it`s what gov't subsidized housing, co-ops & land trusts can do, aka-->aim to correct market failures.

I don`t quibble with the general story of behavioural economics you outline, just the strong level of causality your remarks imply because they're an excuse to do nothing. At the moment, I'm more comfortable limiting my list of life's certainties to death & taxes.

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