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September 17, 2005
The Market Knows All, Dr. Chuck edition
I really don't have a very strong comment here, except to read this and worry about what comes next in the Katrina-hit areas (especially in Alabama and Mississippi, where the worst-off citizens aren't in the public eye like they are in New Orleans).
Because Charley was a small Cat-4. Take those 1,500 numbers in that article and multiply them by 50. At least.
But hey, if developers come in and decide that hurricane-ravaged neighborhoods are undervalued, and are going to rebuild them uber-nice and with uber-high rents to boot, then its up to the people to decide whether they value those properties enough to rent them anymore. Such things as family history, limited resources, and no means to get schooling? Tough. There's always someone willing to come in and pay a bit more, and we're sorry if grandmothers or young families get lost in the shuffle, but That's Just The Way The Market Works.
Some days, doesn't it just feel like everything is fighting uphill?
(This post format stolen shamelessly from Jeff Eaton. Read the first installment, the second installment, and the installment in which he links me.)
Posted by Chuck at September 17, 2005 09:55 AM
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