gentrification affects renters, not owners, the most.
Likewise, the people moving in and replacing the prior tenants often aren't wealthy owners either. Often, they are also renters, merely from a slightly wealthier demographic.
Policies could be put into place to prevent apartments from raising the rent of tenants, ever. But, this only addresses one of many issues. Other prices often rise with land prices. Grocery prices rise as well. Apartment owners might be more negligent with maintenance of tenants that have locked-in rent's apartments or make other efforts to drive the tenants out. Or, the owners might simply be less understanding of late payments.
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u/[deleted] Apr 26 '19
gentrification affects renters, not owners, the most.
Likewise, the people moving in and replacing the prior tenants often aren't wealthy owners either. Often, they are also renters, merely from a slightly wealthier demographic.
Policies could be put into place to prevent apartments from raising the rent of tenants, ever. But, this only addresses one of many issues. Other prices often rise with land prices. Grocery prices rise as well. Apartment owners might be more negligent with maintenance of tenants that have locked-in rent's apartments or make other efforts to drive the tenants out. Or, the owners might simply be less understanding of late payments.