Thursday 29 August 2013

Rentification

'rentification'
Perhaps we shouldn't all try to 'buy as investment' , rent out, and rent ourselves.
Video describing how the renting out of properties to short term renters damages community. Neighbors change rapidly and no relationships are created. Renting has an impact on the social quality of neighborhoods. 


A Loss of Community: Neighborhoods across the country are being transformed, as houses built for homeowners are turned into rental properties. Residents of one such community in Memphis, Tenn., discuss the changes.

http://www.nytimes.com/video/2013/08/28/business/100000002382289/a-loss-of-community.html?smid=pl-share

http://www.nytimes.com/2013/08/29/business/economy/as-renters-move-in-and-neighborhoods-change-homeowners-grumble.html?smid=fb-nytimes&WT.z_sma=BU_ARM_20130829&_r=0