We are experiencing the opposite phenomena here on the SF peninsula. Slums are disappearing, and neighborhoods are gentrifying with more upscale residents. The poorer residents are leaving for other areas, began with flight to the East Bay and those areas experienced a huge increase in crime and gang activity. A few decades ago there was about 15 percent population in SF was black, now it's about 5 percent and declining. The worst slum in SF (Hunters Point/Bayview) is looking pretty nice now with asians moving in and gentrification happening. Too bad southern California is in decline.
Thanks for the mention. I wouldn’t be surprised if certain areas do well in this process, but I don’t see it as the overall case.
Didn’t silicone valley have a sharp downturn?
We are experiencing the opposite phenomena here on the SF peninsula. Slums are disappearing, and neighborhoods are gentrifying with more upscale residents.
Actually, I moved from Southern California to the SF Peninsula a little over 2 years ago, and the dynamics there are basically the same, just a little less dramatic. Anything within a few miles of the coast, on a hill, or walking distance to a decent commercial district is becoming ultra-expensive, with the poor being pushed into the few remaining inner-city slums or way inland, and the middle class into other states.