Gentrification Is Failing in Los Angeles
29th January 2019
Joel Kotkin has the bad news.
If Los Angeles Mayor Eric Garcetti runs for president, he will no doubt point to the high-rises that have transformed downtown L.A. into something of a hipster haven. He could also point to fevered dense development, both planned and already in process, spreading across the Los Angeles basin, particularly near transit stops, as well as an increasingly notable art scene.
Yet for all the changes in the city, have things improved for most Angelenos? Sadly, the answer is no. For all the speculative capital pouring into the city from China and elsewhere, the L.A. area suffers the highest levels of crowding, the greatest levels of poverty, the least affordable housing, the lowest homeownership rates and the second-largest concentration of homeless in the nation.
In many ways this reflects national trends, where, despite gentrification efforts, the number of poor districts in cities has continued to rise. And there are signs, in the most recent census numbers, that the “back to the city” trend has slowed considerably, including among millennials.