Comments by "Darkpaw1" (@darkpaw1522) on "Nick Johnson" channel.

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  16. If an environment improves, the taxes to maintain the environment improves. If taxes raise the mortgage/ rent worth is higher. For example, say a bad neighborhood gets a park built. That park was likely built by city taxes. Thus, the nearby owns now have to pay higher taxes to maintain it. If they don't then the park turns into a terrible place. If they do then the neighborhood improves at the cost of everyone. If they don't get the park then the neighborhood stays the same. Most bad neighborhoods tend to want nice things like clean streets, parks, policing, etc. So they get it. Thus the neighborhood improves. Leading to the homes being worth more, either by the bank or the owners. So two scenarios happen: The neighborhood rejects this plan and remains bad and cheap. Or they accept it and improve and gain value. If the latter you have gentrification. The people who raise their value along with the neighborhood's will grow in wealth. The ones that don't and remain the same will decline. If you decline the law of capitalism will expel you to a area of your means. The benefit and edge here is it happens slowly. You can either move before it happens, or after. You value either way. You can see it coming long before the effects become burdensome, no matter what your income is, home owner ir not. Either way, it HAS to happen. It's either that or reject it and remain terrible. A neighborhood cannot improve without investing months into it. And if it improves so does the value of everything in it. Want less drug dealers on the streets? That cost money? Less gangs? Money? Cleaner sidewalks? Money. Better schools? Money. Nothing comes for free. The only other solution outside government tax based aid is gated communities, which themselves cost money, it's why they're so expensive. Either way you have to invest in your neighborhood.
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