Re:Markers of Gentrification: Mapping Rent as a Share of Income
by tthomas48 on Thursday January 16, 2014 @03:17PM
(#7072240)
Actually UT heavily distorts the rental market, since while the students are poor, their housing is being paid for via loans or parents. So rents usually run higher than market rates near universities. This is why Universities frequently have expensive housing, but are unable to keep nearby stores in business.
Likewise, the map of Philadelphia misses most of south Philadelphia, an area that is gentrifying extremely quickly with several hundred million dollar condo developments set to go up in the middle of the ghetto.
Interesting statistics, but I don't know that the conclusions that the authors are trying to draw are valid.