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by nora4 3063 days ago
That's a great point. Hip, cool, modern entrepreneur types can easily work as agents of gentrification which as you pointed out can lead to massive increase in wealth for nearby properties owners (at the expense of previous occupants/patrons, some will argue).
1 comments

The decreased wealth of occupants is the entire source of the landlord's increased wealth when rent increases, are there really people who will argue that isn't the case?
I guess purely logically, you are right. But I would be against the underlying theme behind that general type of thinking. If you take that line of thought and extrapolate it, it starts getting close to a socialistic/anti-economic progress point of view.