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PONDER AND PREDICT Life spans are increasing. You may very well live into your late 80s. Will you have to work until you drop? What can you do to assure that you will be able to retire at a reasonable age, and that you will have enough money to live comfortably in your golden years? ______________________________________________________ ______________________________________________________
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DEBATE, PERSUADE, INFORM income families. This is called gentrification .Some economists and activists argue that city governments must do more to protect the ability of people with lower incomes to live in cities with rising rents, either by controlling rents or encouraging the building of new low income housing. They say that these people have a right to stay in their communities even though they don’t actually own the property, and that their presence there improves the communities. However, property owners, economists and some city officials claim that these policies are not good for these cities because they harm the economy by limiting the wealth that can be gained from the appreciation of housing values. They also say that laws to limit rents or mandate the creation of low income housing violate the property rights of the landlords. Your job: Select a role. You are either a property owner, neighborhood resident, or city manager. Research the issues and argue for your rights! __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ PRODUCT PREVIEW Forge an opinion: Rent Control vs. Free Market Rent In some cities where the economy is booming, like San Francisco and New York, finding a house or apartment to rent is hard because of the high demand for housing. This causes problems for many people who have lived in those cities for a long time. Many long-term residents who cannot afford to pay the rising rents are forced to move out to make room for the new arrivals who have higher incomes and can pay higher rents. In urban neighborhoods, increased property values often cause the displacement of lower-
Chapter 9 | Home is Where the Mortgage or Lease Is 164
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