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Joined 1 year ago
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Cake day: July 4th, 2023

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  • dragonflyteaparty@lemmy.worldtoLemmy Shitpost@lemmy.worldgotdamn
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    1 year ago

    I really don’t think that’s a good metric given that the average house cost in San Francisco is 1.12 million dollars. Someone making $250,000 a year isn’t affording that house any more than someone making $54,000. They’re both priced out. That’s the point everyone else is making. That and the new idea what anyone working for a living is not upper class.



  • We should financially apologize for the atrocities and lift people up like you suggest, but that’s not what gentrification means. The other commenter was right. Gentrification means upgrading an area and displacing those who live there.

    gentrification jĕn″trə-fĭ-kā′shən noun

    • The restoration and upgrading of deteriorated urban property by middle-class or affluent people, often resulting in displacement of lower-income people.

    • The process of renewal and rebuilding accompanying the influx of middle class or affluent people into deteriorating areas that often displaces earlier usually poorer residents.

    • The restoration of run-down urban areas by the middle class (resulting in the displacement of low-income residents).

    https://www.wordnik.com/words/gentrification



  • No… Not to my understanding. Inflation, while an average, is not equally rising across all things. It is possible for the few that control food to raise prices together. Same with clothing and other industries. I think it’s also exacerbated by the shipping fiasco during covid and the fact that corporations always want more profit. As a general rule, any time prices rise for any reason, and shipping can make everything rise together, if people still pay that price, it will not be lowered.