In his most recent op-ed, Mark Allen Hughes has a thought provoking suggestion for residents of gentrifying areas with rapidly increasing home prices (and property tax burdens): “many should consider cashing out altogether and selling their houses. The proceeds from such sales…would generate a transfer to lower-income people that's long overdue.” Mr. Hughes notes that - since 1995 - housing prices have increased by 97% in North Philadelphia (above Girard), 183% in Kensington, and an incredible 233% in South Philadelphia (below Washington).
Wednesday, August 24, 2005
- A Smoke Filled Room
- Above Average Jane
- Akkam's Razor
- All for the Taking
- Boundless Philadelphia
- East Falls Development Corporation
- Greater Philadelphia Sustainable Business Network
- Kiko's House
- Mere Cat
- Our Green Cities
- Philadelphia Animal Welfare Society
- Philadelphia Bicycle News
- Philadelphia is My Home
- Philly Future
- Pound for Pound
- The Next American City
- The Tattered Coat
- Young Philly Politics
- ► 2007 (110)
- ► 2006 (196)
- Alternative Fuel Industry Expands
- John Dougherty's Union (Local 98) Accussed of Hara...
- Take the Money and Run?
- Another Random Philadelphia Treasure You’ve Probab...
- Philadelphia International Airport: Ecomonic Power...
- Record Year for Passengers and Cargo at PHL
- "It's Costly Being Poor": An Article from the Econ...
- Center City Hotels: Still Strong
- Bio Conference a Success
- Cough, Cough - Got a Minute to take a Poll about S...
- Germantown Deserves Better
- Philadelphia's “Brooklynization”
- Better Models for Development in Pennsylvania
- Why Can't (or Won't) American Car Makers Do This?
- Rankings, Shmankings
- Philadelphia County: We're #23!!
- Councilman Mariano: Don’t Read this, It’ll Bum You...
- Indy Racing in Philadelphia?
- Ritz-Carlton Hotel to get a 44-Story Neighbor
- Philadelphia Housing Market Not Risky?
- Greenhouse Gas Reductions and Economic Vitality
- ▼ August (22)