SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ChinuSFO who wrote (135182)7/29/2013 8:12:12 AM
From: Bread Upon The Water  Read Replies (1) of 149317
 


Yeah those 23% sell and leave and of the 77% officially poor now own the homes. So now the poor folks consist of 54% of the population. These 23% from the 77% may also have left E. PA and brought houses in neighboring towns. But then the revenues from the IKEA stores etc. improves the schools, roads, safety etc. of E. PA and those 54% of the poor now lead a better life except that their bank balances are not that fat.

How do the 77% of the renters (who are officially poor--remember this statistic came out of the 29.6% of the people in E. Palo Alto who were below the poverty line--77% of those 29.6 percent rent) buy their own homes and with what? Do you have any data to back up your assertions that these poor renters are upwardly mobile and can afford to buy homes in a rising real estate market?

I agree that you have established that revitalization has improved the quality of life in E. Palo Alto (lower crime rates rising real estate values), but not that it is has led to a better economic life for most poor people if they are still there and haven't been forced to move.


Perhaps it is possible that the new stores have created jobs for which some of the officially poor would qualify and that a two wage earner family might be able to swing a loan. We need data to verify this.

Unless either of us can find more data I don't think it is productive to keep on about this. You certainly have made a point about revitalization helping E. Palo Alto in general.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News