Sunday, November 17, 2013

Gentrification vs. Recession (Gentrification Wins)

This map from WNYC (screenshot above) uses data from the US Census Bureau's American Community Survey (ACS) to compare median incomes in NYC neighborhoods from 2007-2009 and 2010-2012. Citywide, median income in NYC dropped from $54,057 to $50,711 in inflation-adjusted dollars during this period, showing the effects of the Great Recession on NYC. As a whole, New York wasn't hit nearly hard as some cities, but looking at city-level data obscures the deeply uneven impact of the crash. Back in 2009, when ILFA was a fresh young face in the blogosphere, my job took me through Ocean Hill, Brownsville, and East New York, neighborhoods that were hit very hard (as you can see on this map). Just taking photos on the street brought locals out to ask if the building I was photographing was in foreclosure. 

People (including yours truly) speculated about the effect the recession would have on gentrifying neighborhoods - would the process slow? would all the gentrifiers move back to Manhattan? - but a few years on, the data is here. While I'd want to look at the tract-level data for a lot of these areas, the overall picture is pretty clear. Gentrification 1, Recession 0. 

Play us out, Michael Che (who WOULD do that to a cookie?).

Get More: MTV Shows

1 comment:

  1. I would like to say this is very nice blog having great information & beneficial for us. For more information you can visit avoid foreclosure el paso