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Mountain_Bill5743 t1_j6ghzgu wrote

Good observations. I think what makes that area so unusual is that it used to be priced accordingly-- so it was a bit of a mixed bag, but affordable so you were used to dealing with some of the homelessness and poverty. Now, it's like it's become Williamsburg and priced accordingly with extremely high rent and 600k starter homes. So I think some of the people have no idea what to expect when they're moving in (if they're new) and maybe the abject poverty that is adjacent to the area is jarring at those obscene prices. I will admit that I am unfamiliar with what sounds like a rushed implementation of this program at the armory and how that has changed things recently, but it sounds like maybe stuff has gotten fairly challenging.

I think a lot of the homeowners in the area who have been there for a few decades have seen the area change over the years from what was "hard to have a mortgage approved" to bordering on upper middle class and might be able to shrug it off more, but maybe not. It's a weird place.

People are so excited to see their real estate values go up,up,up here, but we are in for a rough ride as inequality and need ramps up.

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