Earlier quoted context omitted.
I don't think it's a binary either-or. People obviously want safety and opportunity. They also tend to want to preserve the micro-culture of their neighbourhood. "Globalisation" (whatever that is) feels homogenous and corporate. Some people don't want that, they don't want to live in a place that could be anywhere else. They want to own the land and property, not be priced out. I'm quite surprised at people here sugg…
About "displacing" people, honest question: why people who already live somewhere (but rent and don't own) should be privileged compared to people who have the same financial ability, but didn't live at said place before? Why is being "priced out" of same place you already live at perceived as something worse than not being able to afford to move into some neighborhood to begin with? BTW, apartment that I live in rig…
1) The people being priced out are often the people that made the neighborhood nicer to live in. Developers don't improve neighborhoods, people do. And these people are usually the first to go when developments move in and drive up the cost, because they are often the most vulnerable to the price increases. (Your artists, musicians, students, young families, folks on shoestring budgets opening hipster coffee shops and restaurants, etc)
2) It's not so much that all these people feel like they deserve to live in this one particular nice place. You don't see people complaining that they can't live in gated communities or mansions. It's that nearly every lower-class or middle-class urban place that was even slightly nice to live in is rapidly becoming "rich-people-only". Where does that end?
Are middle class people eventually going to economically banned from all urban environments nationwide? Because that's the trajectory we're currently headed in, unless some massive correction happens.
> why people who already live somewhere (but rent and don't own)
Renters are highest risk, but it's not just renters who get displaced. Property owners can also get displaced through gentrification -- owning property does not make someone immune to this problem