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hunter

(38,311 posts)
30. "Gentrification" of neighborhoods destroys communities.
Thu Dec 31, 2015, 11:01 PM
Dec 2015

So does extreme poverty.

But it's not either/or.

Truth be told, I wouldn't piss on most affluent people if their faces were on fire and I AM MYSELF a somewhat affluent asshole who is creating this post on a table my wife and I bought at the East Palo Alto Ikea.

My great grandfather lived in San Francisco, building a big house there, before the Great Earthquake. The house still stands, now owned as an investment property, subdivided, each of it's rooms now housing entire families. Nobody among my great grandfather's descendants could afford to purchase the home now. We probably couldn't purchase the home if we pooled all our resources. The rent on my grandmother's childhood bedroom is greater than any of our mortgage payments, and some of us live in big houses. Just not in San Francisco.

A few years ago I was chatting with one of the tenants of my great grandfather's house who couldn't believe the entire home once housed a small family; mom, dad, kids, and an Irish cook/houskeeper Sundays her own who had her very own big bedroom and bath, which is now the most expensive "suite" in the house. I like to think there's some pompous tech executive living in that room, thinking he's hot stuff. The room of a maid. And she probably had a much more pleasant life than a guy attached 24/7 to a smartphone shock collar.



My great grandfather was a big dreamer who, in the 1920's, bet everything including that house on aeronautics, motion pictures, and mass market dairy products. Unfortunately he bet on the wrong horses. To a sickening extent the game was rigged in favor of bigger players.

Still is.

No one becomes one of the 1% [View all] PowerToThePeople Dec 2015 OP
The most pathetic group of people are the ones with the willfulness to stay ignorant to Rex Dec 2015 #1
Not 100% true 99th_Monkey Dec 2015 #2
I will agree with you here. PowerToThePeople Dec 2015 #3
Winning the lottery does not get you in the 1% LakeVermilion Dec 2015 #7
Actually, it can, but just barely. I like that video too. Thanks for sharing. 99th_Monkey Dec 2015 #16
"household income is at least $521,411" is misleading. Yavin4 Dec 2015 #23
You say apples, I say oranges 99th_Monkey Jan 2016 #34
Does $52 Million qualify as 1% in your book? 99th_Monkey Jan 2016 #62
Only LakeVermilion Jan 2016 #75
Who's lives did the Google guys destroy? Egnever Dec 2015 #4
Tech workers PowerToThePeople Dec 2015 #5
Except Egnever Dec 2015 #15
Wage suppression collusion PowerToThePeople Dec 2015 #17
Pretty biased article that one Egnever Dec 2015 #21
That doesn't refute the previous argument, they still have very high wages. Nt stevenleser Jan 2016 #38
"Gentrification" of neighborhoods destroys communities. hunter Dec 2015 #30
So people shouldn't be paid more because then other people will have less? Egnever Dec 2015 #32
I try to respect religious beliefs... but not that one. hunter Dec 2015 #33
Behind every great fortune lies a great crime... Human101948 Dec 2015 #6
Who has Warren Buffett destroyed? SCantiGOP Dec 2015 #8
Insurance mogul. PowerToThePeople Dec 2015 #9
He's not an "insurance mogul" so your problem analyzing him starts there stevenleser Jan 2016 #37
How many lives has JK Rowling destroyed? (nt) Nye Bevan Dec 2015 #10
Or George Soros? SCantiGOP Dec 2015 #11
Soros? Plenty cali Dec 2015 #19
Jury is still out tazkcmo Dec 2015 #26
Or, Tom Brady? ... Or, LeBron? ... 1StrongBlackMan Jan 2016 #53
Please explain to me.... philosslayer Dec 2015 #12
There may be cases PowerToThePeople Dec 2015 #14
Well that was a load of hyperbolic bloviating baloney rhetoric. eom MohRokTah Dec 2015 #13
JK Rowling? Stephen King? mainer Dec 2015 #18
Most are not billionaires, but PowerToThePeople Dec 2015 #20
I don't think you have to be a billionaire to be in the 1% Beaverhausen Dec 2015 #22
Upthread PowerToThePeople Dec 2015 #24
$400,000 gets you in the 1%. You think that puts people in the life destroying category? Waldorf Dec 2015 #25
That is income, not wealth PowerToThePeople Dec 2015 #28
$500,000 a year put's you near the top. Dawson Leery Dec 2015 #27
Silly OP Yallow Dec 2015 #29
Yep, it's these kinds of silly, superficial pronouncements that make the entire left look bad stevenleser Jan 2016 #36
It's these motherfuckers! WhaTHellsgoingonhere Dec 2015 #31
So Alan Grayson and Michael Moore are destroyers of lives? FrodosPet Jan 2016 #35
"The 1%" ronnie624 Jan 2016 #39
Spot on! PowerToThePeople Jan 2016 #41
Thanks. ronnie624 Jan 2016 #47
my family lancer78 Jan 2016 #40
Try not to personalize the issue. ronnie624 Jan 2016 #45
In this case, personalizing the issue is appropriate.The family of the person to whom you responded stevenleser Jan 2016 #49
Personalizing is a diversion. ronnie624 Jan 2016 #54
Nope, not if the experience directly confirms or contradicts an assertion and stevenleser Jan 2016 #60
How bout Jon Stewart and Stephen Colbert? NobodyHere Jan 2016 #42
As long as they aren't making money from or by Wall St. raouldukelives Jan 2016 #43
Many if not most people are making money on Wall Street via 401ks and other retirement accounts stevenleser Jan 2016 #51
That is a false meme PowerToThePeople Jan 2016 #56
401k is a wealth-transfer scheme, anyway. ronnie624 Jan 2016 #57
You have had several gems in this thread PowerToThePeople Jan 2016 #58
Agree with you and the poster you are replying to laundry_queen Jan 2016 #61
False. former9thward Jan 2016 #64
Lol. ronnie624 Jan 2016 #65
If you don't know how to access your own 401k account former9thward Jan 2016 #66
I knew you couldn't. ronnie624 Jan 2016 #67
Your own link shows the nonsense of your statements. former9thward Jan 2016 #68
Some people will actually read the article. ronnie624 Jan 2016 #69
Thanks for the link brentspeak Jan 2016 #72
The Retirement Gamble ronnie624 Jan 2016 #73
Sorry, that's nonsense. Adrahil Jan 2016 #70
A good article here: ronnie624 Jan 2016 #71
As I said, many if not most do have this and I stand by it. Nt stevenleser Jan 2016 #59
Not any that are serious about leaving a better world with the one life they have. raouldukelives Jan 2016 #74
Couldn't you say the same thing about all Americans FLPanhandle Jan 2016 #44
There are enough available resources ronnie624 Jan 2016 #46
Damn you Oprah Winfrey, destroyer of untold hughee99 Jan 2016 #48
Sorry, this is categorically untrue. nt clarice Jan 2016 #50
Untrue and unproductive Taitertots Jan 2016 #52
and the environment... handmade34 Jan 2016 #55
Broad brush crap. Sorry. Bonx Jan 2016 #63
I saw a great tidbit in Harper's Index waaaay back in 2001. Maedhros Jan 2016 #76
I wonder what that number would be today? PowerToThePeople Jan 2016 #77
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