Quote:
Originally Posted by Crawford
This simply isn't true.
Who do you think lived in those Florentine villas? The "masses"? Who lived in the Haussmann-era apartment buildings in Paris? Who lived on Park Ave. in the 1920's?
Cities aren't in some new paradigm, they're just reentering the typical paradigm, following the weird postwar decades. Urban cores, throughout history, have been painfully expensive.
The NY Times sometimes runs articles on apartment building histories. The prices people paid 100 years ago were as shocking (perhaps more) as the prices paid today.
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Crawford is correct.
I just had a conversation with a guy about 60 years old at a pub in Notting Hill (I do this sometimes) about gentrification. He was lamenting the changes here and in New York, because he's an artist, but also very wealthy because his own house is now worth millions (and there's no annual property tax here).
He agreed that the rowhouses here were built for the wealthy, became bedsits, and now house wealthy families again. I said the same is true in New York. Those beautiful West Village or East Village or Brooklyn rowhomes were built for families with servants and stables. Brooklyn brownstones were not built to house the proletariat. They will built for wealthy merchants, lawyers and bankers.
The fact that cities emptied after WW2 and became depopulated and cheap was an anomoly, and they're now back to being what they were built to be.
He's planning to cash in and buy and 8-10 bedroom villa in Sicily to run as a B&B, which costs a fraction of his 4 bedroom house in Notting Hill, btw. Must be nice.