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The only long term solution to housing shortages is to build more housing. Gentrification is merely a byproduct of newcomers having nowhere else to go. Short of enacting segregation ordinances there is nothing that can be done to stop newcomers from moving into neighbourhoods in search of cheaper rent other than to build new, denser housing for them.
Current Preoccupation: Politics, Economics, Geography aswell as "explainingthefuture.com" a cool website I found about future trends. Love listening to "the economist" radio.
Previous Preoccupations: Cold war History (username is a reference to Trotsky's death) aswell as binge watching the x-files (depressing ending to the series tho).
A few thoughts on this;
All across the Anglosphere, foreign money, Chinese millionaires and a shortage in supply have driven up prices to the extreme. I was in Vancouver the other day, a small 2 bed costs well over a million dollars.
Chinese Money, in particular, has been hurting Pacific Nations. A friend of mine lives in LA and apparently large numbers of Chinese "investors" have bought up large homes as ways to get their children citizenship.
God knows when this insanity will end.
Chilling to think that we still haven't advanced much beyond the Titanic.