The home's price were low in the neighborhood so people and developers like the Flats At Atlas came. However, they like many other developers raised their home prices drastically; meaning those who were in the neighborhood could not afford it anymore. Those people happened to be black people. In 2012 , 547 units were sold in the Carver Langston/ Trinidad neighborhood and the median price per home rose 7% to $420,000 (now 495,000). The average rent per home/ unit The median income per household in Carver Langston is $2,386. The median income is 32,932. This a problem because the people who live in and around that neighborhood would not be able to live in The Flats at Atlas. These apartments, if I’m correct, will the be the first of many different and more expensive housing units in the area. Therefore, we are left with another example in which the poorer people will potentially be economically pushed out by developers looking to make a high profit. Now although this has the potential to help the district, the costs of these new apartments is the raising of rent, and taxes leaves the long time, poor residents at without a reasonable place to
The home's price were low in the neighborhood so people and developers like the Flats At Atlas came. However, they like many other developers raised their home prices drastically; meaning those who were in the neighborhood could not afford it anymore. Those people happened to be black people. In 2012 , 547 units were sold in the Carver Langston/ Trinidad neighborhood and the median price per home rose 7% to $420,000 (now 495,000). The average rent per home/ unit The median income per household in Carver Langston is $2,386. The median income is 32,932. This a problem because the people who live in and around that neighborhood would not be able to live in The Flats at Atlas. These apartments, if I’m correct, will the be the first of many different and more expensive housing units in the area. Therefore, we are left with another example in which the poorer people will potentially be economically pushed out by developers looking to make a high profit. Now although this has the potential to help the district, the costs of these new apartments is the raising of rent, and taxes leaves the long time, poor residents at without a reasonable place to