Doug, Fifteen Minutes, Twenty Minutes discussed on On Point with Tom Ashbrook | Podcasts

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I don't i think we may perhaps we lost doug is that correct so let's let's let's skip over that and over dog and go to and go to fail who is calling us from portland maine hello pay hi linda how are you today pretty good go ahead and tell us tell us what you called about source so i am from portland maine i have had to move out of portland maine because i can longer if it i live twenty minutes out i had to purchase a home and my mortgage payment is less expensive than the cheapest aren't we could find there have been a lot of issues that we've had in our city you know being unsure how to make policies how to ensure that there's affordable housing right now we're in a position where there's a lot of a lot of squeeze on land on the peninsula which is you know the walkable part of the city that people wanna live on so they've been moving a lot of services out like the department and right now they're working on moving the ocsar homeless shelter out you know fifteen minutes out on right now and it's it's an issue because a lot of those resources that were centrally located for a lot of these individuals are going to be spread out and it's you know already causing a lot of problems but it's just crazy too seen the city change in the last six years and it's it doesn't make any sense to me thanks very much for that now joining us from berlin pennsylvania's susan wachter she's a professor of real estate and finance at the university of pennsylvania's wharton school and the co director of the penn institute for urban research which focuses on sustainable urban growth and outreach susan welcome back to all on point thank you very much for doing this now let me just ask you it sort of pro conway what do you think about the about gentrification is it if you if you if you can remove individuals in their upset from you know from the equation is it the do the cons outweigh the pros or the pros outweigh the cons well i think the first bottom line point is that there are pros which we've heard but there are cons which we have not heard in the comments are not just a rational they're not just people's feelings it's hard economics and the hard economics we just heard from faye faye is not in seattle san francisco washington boston new york she's in a second here city portland which is suffering from loss of affordable homes in philadelphia which is perhaps apprising philadelphia's known for its forcible housing a study by the philadelphia fed has pointed to a severe loss of affordable housing in gentrifying neighborhoods so we're the kind of may say so which you know interesting article but where it fails on this very important issue is it speaks about displacement of particular poor families but we were generally as a communist point to the declined despite if you will rental unit affordable rental units the destruction of ford able rental units for the poor and actually for moderate income households as well and that is an outcome of gentrification this is an it's an interesting question to think that in portland as i gather that geography was one of the things that sort of pushed the gentrification process alone because they land close to the water land in a on a narrow peninsula that portland is on is is in demand so geographies absolutely right on and its geography that's not just endemic if you're on a coast which of course is true of places like san francisco seattle new york which are confined but cities have boundaries politically by their nature and cities are have economic benefits that are central and central conceptually.

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