Buy A Home Analysis

To judge the success or failure of Blumberg Apartments, we must first analyze the project as it works to provide good housing. Good housing should not just be regarded as a noun, it should also encompass housing as a verb. The commodity of the house as a shelter is the noun. This commodity should provide a place for redressing. It should hold the essential necessities that make for a comfortable and complete home. A place that balances privacy and social interactions. As a verb, good housing should be a utility that works to enhance one’s life (Turner, 1972). It should be a stepping stone towards opportunity. For Blumberg Apartments in the grand scheme, both of these facets can be regarded as failures. As the housing projects suffered through massive deterioration, it failed as a commodity. Residents described how their housing had “stairwells that reeked of urine and dirty diapers, constantly breaking appliances and elevators, and the frequent sounds of gunshots” (Colaneri, 2016). Furthermore, units were found to not meet minimum size standards and

When the recession happened, and the housing market crashed in Los Angeles a few years back many people lost their homes. The foreclosure crisis displaced many homeowners, drove up demand, and rental prices increased. Now, it is almost two years later, and the dramatic rent increases continue to soar. There would be no issue with cost of living increase except; the increases in income have yet to make the same shifts. “In many cities, rent is rising out reach of

Affordable housing has become the paramount issue of cities and dense urban areas. San Francisco is the posterchild of an unaffordable city that regardless of immense investment from blue chip firms like Google, Facebook, and their ilk of startups evaluated at $1 billion or more, policymakers and elected officials must wrestle with the housing affordability crisis that is considered endogenous to swaths of homelessness and record statistics on crime. In New York City, Mayor Bill de Blasio has made affordable housing the centerpiece of his legislation and championed the cause as a social justice issue—neighborhoods must remain affordable to maintain diversity for all races, ethnicities, and low-income families. A small sample of 827 New Yorkers by the NY1-Baruch College City Poll found the main concern of respondents was affordable housing while crime, jobs, and homelessness were peripheral problems (Cuza, 2016). The public discourse on how to address housing across the United States has pointed to negative externalities that surround rent-regulation and homeownership. Conversely, for this essay I will present various cases in order to illustrate the housing crunch is influenced less by housing and land regulations, or antagonistic homeowners but is induced by global market forces.

The term Gentrification was coined by a British Sociologist Ruth Glass to describe the movement of middle class families in urban areas causing the property value to increase and displacing the older settlers. Over the past decades, gentrification has been refined depending on the neighborhood 's economic, social and political context. According to Davidson and Less’ definition, a gentrified area should include investment in capital, social upgrading, displacement of older settlers and change in the landscape (Davidson and Lees, 2005).Gentrification was perceived to be a residential process, however in the recent years, it has become a broader topic, involving the restructuring of inner cities, commercial development and improvement of facilities in the inner city neighborhoods. Many urban cities like Chicago, Michigan and Boston have experienced gentrification, however, it is affecting the Harlem residents more profoundly, uprooting the people who have been living there for decades, thus destroying the cultural identity of the historic neighborhood.

Yet another effect of gentrification is its effect on senior citizens. Seniors often live in the same unit for many years. As a result, rent control has kept their rents well below market rate, and landlords stand to gain the most from evicting them. For example, in the Mission District of San Francisco, many seniors live on a fixed income, and cannot afford market rate rents once they are evicted. "They lack mobility, and have difficulty

Gentrification is a serious problem for many communities. Fortunately, it has not occurred in this area and correspondingly,

With all the new buildings there are many lovely luxury apartments available, the only problem is hardly anyone could afford them (turn to slide) when most of Brooklyn receives less then what is considered middle income.

Though natives of the area may initially enjoy the benefits of gentrification, it is only a matter of time when their homes are priced out and taxes are raised, discovering that they do not have the income to afford the spiked prices of a gentrified neighborhood nor the ability to sustain themselves within their own homes. As a result, these residents have no other choice than to move elsewhere - this is most commonly known as residential displacement. In order for the upper class to reside closer to the city, the working class must migrate to provide living space for the wealthy. The forceful evictions of residents and the demolition of their homes in replacement of upscale businesses is no different than colonialism of the past. In John Betancur’s Gentrification and Community Fabric in Chicago, “...the experience of gentrification has been one of invasion..

New York City, with over eight million inhabitants, is one of the largest cities in the world. With such a vast population, it inevitably suffers from an acute housing shortage. Property is extremely expensive to buy, so ordinary people have to live in rented apartments. Such apartments, however, are in short supply. One reason for this is the system of strict rent stabilization which was intended to protect poor tenants from unscrupulous landlords, but has instead reduced the supply of low-cost housing. Landlords, faced with rising maintenance costs which they are not permitted to pass on to the tenants, frequently allow their buildings to become derelict and abandon them. When the official tenants leave, squatters move in and occupy the tenements

Gentrification is a problem that is occurring in many communities. The city of Boyle Heights in East Los Angeles is one of the communities that the citizens of the community are notice new apartments build, galleries owner by rich people, and high prices for apartment the people are not able to afford to live there. Because the renewal of neighborhood environments that transform and attract middle and upper-class households and investors, creating problems for those who cannot afford rises of rents. According to O’Regan, “some of the biggest concerns about gentrification-potential displacement and increased rent burdens-are driven by rent or housing cost increases” (152). The only way to

Long Island’s rental housing market share remains around 20%, whereas the average share of rental housing in neighboring regions sit at around 33%. There is only a 4.3% rental vacancy rate due to the rental housing shortage. As a result of this weak rental housing market, Long Island, more than any other New York Region, has lost a greater share of its younger residents (18-34) at a deficit of 16% over the last 25 years. Many of the younger residents cannot afford to make a down payment on a home in this region. This is not to say that they are the only age group that rents, as nearly half of total renters in Long Island are over the age of 35. A quick ethnic breakdown of those who rent: 47% White, 30% Hispanic, 16% Black and 6% Asian. Rentals

Moreover, once purchased, the cost of these run down houses do not match the cost of these now refined high-rise apartments. In fact, raising the property taxes on these gentrified properties only succeeds in the lower classes no longer affording to live. To this end, is the consequence of gentrification. “Housing demolition, ownership conversion of rental units to condominium status, increased housing costs, (rent, taxes, and/or maintenance and upkeep costs passed onto the tenant), landlord harassment, and evictions are generally the reasons for direct displacement in a gentrifying neighborhood” (Chum 2015:1084). There is no other option but to sell as they can no longer afford the property taxes in their old community. In effect, a simple

My parents and I drove to Orange County CA. to look for a home to rent. When we arrived there one of the city’s my mother saw while scanning the street map was named Garden Grove, she spoke to my father and said: “That sounds like an excellent place lets go there and have a look.” When arrived there, it was nice, it was like its name “Garden Grove” there were strawberry fields, orange groves, and avocado orchards. My father saw a newspaper stand, stopped and purchased a paper my mother turned to homes for rent in the classified section she then began scanning the page for homes. When she saw one, they thought they could afford she looked it up on the map, found the best route, and we drove to the house.

New York city certainly has an affordable housing crisis. Mayor De Blasio has made affordable housing a top priority of his administration. He has tried to combat the problem by renovating run down buildings that would of otherwise have been torn down. As a result, the efforts have created hundreds of thousands of apartments that are affordable to low and moderate-income families. However, housing gaps appear to be growing. The De Blasio administration is pushing for greater density and affordable units in Long Island City. As the developments in Long Island city shift from rentals to condo the mayor vows regardless of what kind of housing is built some will be set aside for low to moderate income residents. Under De Blasio’s mandatory inclusionary housing policy it requires developers to ensure 20 to 30 percent of units are rent restricted Long island city is one of the seven neighborhoods that the mayor has target for upzoning as part of its plan to build and preserve over 200,000 units of affordable housing. Queens bridge houses- located in LIC is the city’s largest public housing complex in North America with about 7,000 residents it opened in 1939 and is owned by NYCHA. It is located between Veron boulevard, which runs along the east river and 21st street. The development is separated

In the United States rent has been increased by 52.8 % from 2000-2014 and in a city like Chicago, the median household has to spend over 31.2% of their income to afford rent according to a 2014 analysis by Zillow Real Estate Research. These statistics are outrageous high, but not surprisingly shocking to a lot of people. The reason being is that in many up and coming neighborhoods throughout Chicago rent has been increased significantly over the years, one of them being Logan Square. With an increase in rent the gentrified neighborhood has seen a 11.2% decrease in population since 2000 (Hernandez 1). Numerous of low income families have been displaced while the neighborhood has been going through development to attract more wealthy and affluent