This is happening in New York; this is happening in San Francisco. This is going to happen in New Orleans, in time, and in other cities that are draws for the wealthy--a kind of gentrification that squeezes out all real neighborhood character, that squeezes out low and middle income people, so that real estate investors can wallow in greed. Annemarie Mogil loves the view from her bedroom window. The 92-year-old has taken dozens of photographs of it in the year that shes lived here, which she keeps in a tidy shoebox. At a prime corner in Brooklyn, Prospect Park Residence has been a home for seniors since 1962 and an assisted living facility for the last decade. But two months after Mogil moved in, the owner sold the building to a developer of luxury condos for $76.5 million, nearly double its sale price in 2006. More than 120 residents, including some Holocaust survivors, were told to find another place to live. Mogil is one of only eight residents who refused to leave
Posted on: Tue, 06 Jan 2015 18:23:04 +0000
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