Thursday, November 15, 2007

Part IV... You get what you pay for!

Little Italy is a great example of land use and housing. Recently the low-income housing projects have been torn down in the area and condos are shooting up all over the place. Even though the inhabitants are being housed in nicer facilities- the low income natives are still in the neighborhood and others have been relocated. They are just residing in nicer homes. The majority of people living in this neighborhood are at least of middle-class standards. People are looking to move to the city at a rapid rate. Condos and land use are needed in order to house all of the people willing to pay the pretty penny for city property. Obviously housing surrounded by projects will cost less but if you tear down the ugly low-income housing and replace those projects with better facilities buyers will be willing to pay more for a nicer looking location.

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