Will Gentrification, high housing prices eventually wipe out the poor and middle class? (San Diego: how much, buying a home)

[Perma Bear]

Originally Posted by Cakeordeath

Uhh... Good? Why would I want illegals to be getting good jobs? I don't want illegals to be getting any jobs.

Because we need population growth to keep GDP and stock market growth up or no one can retire.

[shooting4life]

I welcome my gentrification overlords here in San Lorenzo.

I support the toast bars, fair trade coffee shops and Thai Mexican fusion food trucks. Anything to keep driving up my home value.


gentrification is the fastest way to turn working poor and low middle class into middle/upper middle class.

[pacific2]

Originally Posted by slowdude222

History calls this carpetbagging

No, history does not call it carpetbagging. People have always migrated to other areas when resources around them were slim. In less developed areas, this could be due to an inability to feed oneself and one's family through farming due to a drought, or whatever. Others may move in search of a job to support themselves.

https://www.merriam-webster.com/dict.../carpetbaggers
Definition of carpetbagger
: a Northerner in the South after the American Civil War usually seeking private gain under the reconstruction governments.
: outsider; especially : a nonresident or new resident who seeks private gain from an area often by meddling in its business or politics.

[jm1982]

Originally Posted by shooting4life

I welcome my gentrification overlords here in San Lorenzo.

I support the toast bars, fair trade coffee shops and Thai Mexican fusion food trucks. Anything to keep driving up my home value.


gentrification is the fastest way to turn working poor and low middle class into middle/upper middle class.

I feel the same . I own a home in an ungentrified part of L.A and I know for a fact if those types of places were in the neighborhood property values would be a lot higher .

the city will spend countless millions on things that are supposed to improve areas but if they really wanted to lower crime and make a neighborhood nicer they could just fund these types of hipster businesses and you'd see things turn around .
A big problem in L.A is that the city doesn't really care about small business and they also allow a lot of shady types of businesses to open up and then claim they don't have enough inspectors to investigate blah blah .
Basically the shady ghetto type of businesses can get away with doing whatever they want .

[West of Encino]

Even a mere six-figures is considered low income in California these days.

[expatCA]

Originally Posted by Cakeordeath

And the only way to get population growth is to import illegals?

Well that's not true.

In a sense it is true and just as in Europe, the Birth rate is not growing the population and the residents are getting older. Immigration not only supplies workers, but the higher birth rate for a generation or two helps. Illegal immigration is quicker and eventually adds political support for the party favoring it over the law.

[shooting4life]

Originally Posted by expatCA

In a sense it is true and just as in Europe, the Birth rate is not growing the population and the residents are getting older. Immigration not only supplies workers, but the higher birth rate for a generation or two helps. Illegal immigration is quicker and eventually adds political support for the party favoring it over the law.

Their is nothing wrong with a coherent immigration policy bringing in people that are needed in society.

Letting any tom duck and Jane that have the resources to go on an adventure hike or overstay a visa while have zero or no skills is not helping the country. I understand worrying about a shrinking population and what that means to propping up social security etc, but letting people who have no ability to earn and end up a net drain on society is not going to help fund ss, Medicare or prop of wall st so 401k's stay high. All they do is undercut wages, tap into social programs and become a semi reliable voting block either now (illegally) or in a generation.

[MtnSurfer]

Originally Posted by sdlife619

As a young person, and one that wants to start a family soon, I know I will never be able to afford to buy a home in CA, yet alone in San Diego...

The problem isn't that the poor and middle class will get wiped out. The real problem is your expectation that you need to buy a home as a young person to start a family. The majority of this thread like most rant threads here on CD go on and on with a whole lot of complaining, political rants, if only this or that then everything would be wonderful. Its all just a lot of hot air and bs, if you really think about it. Of course that a big reason people come here - to blow off hot air which is evidenced by the thread type and count.

Then there is reality. First and foremost no one is entitled to purchase a home as a birth right in CA, especially in one of the most expensive places in the nation and world. Somehow being deprived of this want will not destroy you. Unless of course you feel totally defeated because you are not not a home owner. There are plenty of other ways to invest in your future. If you cannot accept these facts of life especially while living in the expensive coastal regions of CA, then move somewhere else. Its really as simple as that. Everything else is just pissin' in the wind because you are right about one thing. It will not change. That's the reality of the situation in expensive locations. In Germany and many other nations millions upon millions do not own a home and they are not wiped out.

This Stones song really says it all though many do not like what the lyrics mean in their own lives. Why? Because they want what they can't have.


https://www.youtube.com/watch?v=5BykilS816E

Derek

[expatCA]

Originally Posted by shooting4life

Their is nothing wrong with a coherent immigration policy bringing in people that are needed in society.

Letting any tom duck and Jane that have the resources to go on an adventure hike or overstay a visa while have zero or no skills is not helping the country. I understand worrying about a shrinking population and what that means to propping up social security etc, but letting people who have no ability to earn and end up a net drain on society is not going to help fund ss, Medicare or prop of wall st so 401k's stay high. All they do is undercut wages, tap into social programs and become a semi reliable voting block either now (illegally) or in a generation.

I agree, the allowance for illegals is a political issue , long term planning, to get votes from their birther babies. It turns them in one direction politically, where legal immigration does not.

[expatCA]

Originally Posted by MtnSurfer

The problem isn't that the poor and middle class will get wiped out. The real problem is your expectation that you need to buy a home as a young person to start a family. The majority of this thread like most rant threads here on CD go on and on with a whole lot of complaining, political rants, if only this or that then everything would be wonderful. Its all just a lot of hot air and bs, if you really think about it. Of course that a big reason people come here - to blow off hot air which is evidenced by the thread type and count.

Then there is reality. First and foremost no one is entitled to purchase a home as a birth right in CA, especially in one of the most expensive places in the nation and world. Somehow being deprived of this want will not destroy you. Unless of course you feel totally defeated because you are not not a home owner. There are plenty of other ways to invest in your future. If you cannot accept these facts of life especially while living in the expensive coastal regions of CA, then move somewhere else. Its really as simple as that. Everything else is just pissin' in the wind because you are right about one thing. It will not change. That's the reality of the situation in expensive locations. In Germany and many other nations millions upon millions do not own a home and they are not wiped out.

This Stones song really says it all though many do not like what the lyrics mean in their own lives. Why? Because they want what they can't have.


https://www.youtube.com/watch?v=5BykilS816E

Derek

True, I married and had a daughter long before owning a home. It takes time, savings and fore thought. A new family is not automatically expected to have a purchased hone.