I read Candy’s post on low income housing…and I penned the following note. In her openness to explore differing opinions, Candy suggested it would make a good counter-balance post. And she reminded me that the Dallas Morning News had an editorial Sunday about how southern Dallas housing is booming–
Two of the city’s three hottest residential real estate markets are south of the Trinity River, a trend that real estate experts say bodes well for efforts to stabilize and revitalize southern Dallas neighborhoods. In the first six months of this year, home prices in the Oak Cliff sector soared 30 percent from 2014 levels. Prices in the southern Dallas sector — roughly between Loop 12 and Interstate 20 — increased a hefty 21 percent.
Only one sector north of the Trinity saw similar increases: North Dallas climbed 22 percent.
The southern sector, of course, is where more affordable Dallas housing has been located. But yeah —
As values increase, “there is an incentive to own property,” says Ted Wilson, principal at Dallas-based Residential Strategies, a real estate research and consulting firm. “To see values go up, there is good for the city and those communities.”
But not so good for poor people.
Liberal that I am, I have to say Schutze, reading through his smart-assery, is correct.
Busing poor kids into wealthier areas doesn’t have the impact of changing a child’s ultimate trajectory because the remaining 16-hours of their day are spent in less-than-ideal and potentially unsafe conditions. There are numerous studies that show that placing entire families in modestly wealthier areas pays off. It’s most critical for the youngest children because the same studies show that while a change at any age helps, the effect is diminished as children age. This isn’t surprising as very young children learn a variety of things, both positive and negative, that they carry for the rest of their lives. (more…)