Gentrification In Eastie And Southie Leaves Some Behind Analysis

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The world runs on money, and when we have all these companies fighting to be on top we see the reasoning behind so many people losing their homes. Gentrification will continue to agonize the low-income and middle-class population. No one should be in fear of losing their home. Families live in worry knowing that big realtors, with money to spend, can purchase the property that they rent and have them out of there in a matter of hours if they really wanted to. There is a way to avoid this. Astead W. Herndon a reporter for The Boston Globe, wrote an article on how Boston’s CPA committee voted on how to spend the millions of dollars that have come in in revenue. “Community Preservation Act, a small property tax increase aimed at improving neighborhoods, a new battle is taking shape — over the committee that will decide how nearly $20 million in new revenue will be spent.” People voted for this. The CPA committee has been devoted on prioritizing the revenue to provide more low-income …show more content…

But in neighborhoods like East Boston and South Boston, rents and real estate values are rising so fast they're dramatically speeding up the natural order of things,¨ this means that in sooner rather than later people will start to lose their homes, while some have already lost them. The author interviewed one of the resident couples who live in east Boston. When the couple were approached by a “Salesman” who offered them 1.2 Million dollars for their home, the man never actually bothered to see what the house looked like, all they wanted was the space, but they had and don't have an intention of leaving anytime soon from east Boston. This comes to show how much one home can mean to one family. Many of us would jump in a heartbeat for 1.2 million dollars, but not

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