In these neighborhoods a 1bd condo would still sell for above $800k, minimum. More than likely $1.2-1.5m, looking at Zillow. They’d rent for at least $7k/mo.
If we’re generalizing, like you are, then they’d allow the well-off professional class to live and work in their neighborhood and send their kids to the same schools as the investor-class and trust fund kids-turned-homeowners who haven’t done anything in decades other than be born to the right family.
Unless you’re talking about white-collar convicted felons? Which I can guarantee you, once again, they already live in these neighborhoods and aren’t the ones trying to move into it.
If that sounds like hyperbole, then sure— but so is yours.
In these neighborhoods a 1bd condo would still sell for above $800k, minimum. More than likely $1.2-1.5m, looking at Zillow. They’d rent for at least $7k/mo.
If we’re generalizing, like you are, then they’d allow the well-off professional class to live and work in their neighborhood and send their kids to the same schools as the investor-class and trust fund kids-turned-homeowners who haven’t done anything in decades other than be born to the right family.
Unless you’re talking about white-collar convicted felons? Which I can guarantee you, once again, they already live in these neighborhoods and aren’t the ones trying to move into it.
If that sounds like hyperbole, then sure— but so is yours.