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Originally Posted by spyguy
I don't get the complaints (has anyone here even been to a presidential library before?).
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I've been to at least two - JFK's in Boston and Ronald Reagan's in SoCal. I think I've been to a third but I'm blanking on who/where it was. At least those two are nice facilities, as you would expect for two of the most popular presidents (JFK gets the "benefit" of having been assassinated, limiting how much negative opinion gets aimed at him - I think if he'd lived, he might have a lot more controversial memory, sort of a politically inverse of the decidedly mixed opinions there are of Reagan).
Quote:
Originally Posted by Halsted & Villagio
I have never quite understood this sentiment... the sentiment that says gentrification and upward mobility is good for the West Loop and the Northside but it is somehow a bad thing for the Southside. Like residents of the Southside don't want good things... that they can't afford to pay for where they live... and that if their housing values go up it is a bad thing for them... and that residents don't exist who would be more than happy to stay in a home that is rising in value and/or that residents won't exist who will happy to sell their homes at a substantial profit.
So why yes... yes, yes... lets not improve Southside neighborhoods and lets continue to overlook them while the rest of Chicago prospers because rising home values, livable neighborhoods, good schools, etc., vis-a-vis the things that are the norm in the West Loop and Northside... will not be good for residents of the Southside.
Some sit in little ivory towers of their own minds and do not dare make these type of judgments about residents of the West Loop and the Northside but consistently make them about residents of the Southside. Why some people are so vacuous and out of touch as to continually make this kind of argument I will never know.
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I'm generally in favor of gentrification - I think the benefits far outweigh the negatives, and cities could and should use some of the improved tax base to fund ways to soften the blow to long-time residents. For example, anyone who's lived in a home for a decade or more should be able to freeze their property taxes until the owner and the owner's minor children or spouse either die or sell, at which time any profit from the sale would be recovered via a lien on the value of the taxes deferred plus prime rate interest. They do something similar for senior citizens - it seems like they could create a similar program for any long-time resident and not just the elderly.
That way the city still gets some property taxes on-going even if they no longer rise while frozen, and in the long run the city gets made whole while the occupants continue to be able to afford to stay and not pushed out due to rising taxes. They could be given the options to repay deferred taxes in part of in whole at any time to save on the accumulating interest, or to pay the interest as they go to avoid compounding. That wouldn't be terribly difficult to implement and would solve most of the issues affecting property owners. An extra $250 per month in property taxes is a lot of money for many people living in pre-gentrification ethnic neighborhoods, but it's not uncommon for the property taxes in gentrifying neighborhoods in Chicago to go from, say, $1,500 annually to $4,500 annually with the span of a decade in areas that reach a tipping point where gentrification that had been slowly taking hold hits a certain inflection point and a trickle of outsiders turns into a mad rush of people trying to get in before prices rise to parity with post-gentrification areas.
Cities could offer a similar program to owners of rentals as long as they pass through their savings directly to renters who have some sort of income qualification criteria. That would be more complex, but it seems it could still be done in this day of automation and computation.
It wouldn't completely stop gentrification and loss of ethnic neighborhoods, but it would slow the process enough for long-time residents to be better positioned to benefit from the changes both in regard to benefiting from an economically better neighborhood and also from improved property values when they do eventually sell. Putting the decade-minimum residency requirement prevents short-term residents from taking un-intended advantage of the program. If a city wanted to be even more inclusive, it could count as residency any home located within the boundaries of the district/neighborhood, even if they moved around within the neighborhood - that would especially benefit renters who are much more likely to move around even just within the same jurisdiction.