Quote:
Originally Posted by Crawford
Really? To me, Chicago and Atanta are basically Exhibit A for the "favored quarter" model. I'm not sure if there are two metros that are that heavily skewed geographically in terms of wealth and prosperity. Maybe Dallas would be equally "favored quarter"?
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I'm just thinking in super generalities.
In Atlanta's case, the intown neighborhoods and Midtown are becoming enclaves for professionals and the wealthy. Many inner ring areas also seeing movements towards the negative. Outer ring burbs continue to be haves for wealthy transplants looking for suburban life.
Yes, also generally speaking, wealth trends north. However, going north, some inner ring areas such as Chamblee/Lilburn don't seem to be seeing the same degree of positive shift, in fact, the contrary. But just further out from these areas you hit Dunwoody, Johns Creek and other areas that see more and more transplant wealth moving in each year.
Stone Mountain is a perfect example as well. Inner ring for Atlanta. Once very middle, even upper middle class. Now Decatur closer into town is becoming a wealth spot (and Druid Hills even further in), and going further out, newer burbs like Conyers, etc are safe havens for middle class transplant families. Meanwhile, Stone Mountain is basically a ghetto now. I knew people who grew up there who are in their 20s, and their parents have all moved out, too. Either moving closer in or going further out.
In Chicago's case, there definitely seems to be some sort of ring, where the very inner areas are seeing a MASSIVE influx of wealth, former middle class neighborhoods just beyond downtown areas in nearly all directions (except north) seem to be in worse condition, and the outer suburban areas have always been and still are pretty wealthy.
I don't think it's always an option for every lower class family "displaced" by gentrification to haul ass to some far out burb. Yes it's happening and it's a news story, however, I think a lot of people simply shuffle slightly further out where prices are lowered and transit is still accessible.
In fact, in cities like Chicago, I think more people would simply shuffle into inner ring areas rather than far burbs (same in Atlanta) if the city had kept more subsidized housing. But large parts of Chicago and to a lesser degree, Atlanta, are literally razed. There's still a lot of people leaving the areas within 2-3 miles of downtown who are shuffling just a couple zip codes over. There's still a sense that the "richest" areas are both the downtown areas and the farthest out burbs (Lake Forest to the north, Wayne/St. Charles to the west, etc), and the lands in between are middle class or less.