Friday, June 29, 2018

Transit-induced gentrification

San Diego Union-Tribune

From the NRDC:

...In California, we can see how transit-induced gentrification works. One study recently conducted by the San Diego Union-Tribune looked at urban areas statewide (San Diego, Los Angeles, Sacramento, and the San Francisco Bay Area) and found that over the past five years, nearly 400 new multifamily buildings had either gone up or were under construction within half a mile of a transit stop. Median family income in these neighborhoods averaged less than $64,000. 

The average monthly rent for a two-bedroom apartment, meanwhile, was more than $3,500. And in nearly 20 percent of these neighborhoods, the median household income was less than $30,000—but the average rent on a two-bedroom apartment was still more than $3,300. 

That, suffice it to say, is an untenable situation for the average renter and a recipe for displacement...

Thanks to Planetizen.

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