Here’s a funny NYT article on the housing bust in Harlem.

In general, places that had strong fundamental value have not been
hit so hard by the bust as those where the developers and transplants
were betting on the idea that their supreme coolness would transform a
shithole into a metropolis.

He doesn’t even mention race and he still sees the problem – well, a large part of it.

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One Response to

  1. Gorbachev says:

    It’s called wilfulll blindness for a reason.

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