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Extension_Gap2319 t1_itahv5g wrote

I think it's about to be over for Chinatown, some think it's the developers, but it's...well, it's rich white people who will eat up then pimp out their community, piece by piece, block by block, building by building. Chinatown is literally surrounded by rich, white and gentrified neighborhoods (Soho, Tribeca, LES Financial District, Jersey City, Williamsburg, DUMBO) and when rich whites want something in NYC/Manhattan, they tend to take it. Even if they win this battle, that is prime real estate and they will just start buying people out explicitly.

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Scroticus- t1_itaopn6 wrote

This divisive, racialized view of EVERY issue is incredibly unhelpful. Thinking about problems in terms of competing ethic tribes never solved anything.

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KaiDaiz t1_itaj9iv wrote

Most of the chinatown buildings are owned by few select asian families that had a pact long ago to never sell outside the group. If one ones to exit, the remaining get first dibs and pools to buy out the member leaving. Its how chinatown stayed chinatown for this long. Naturally as each generation pass, someone gets sway from from the pack with larger offers. Personally not a fan of these racial covenant and I will call it out and should be done away even if it means losing diluting the demographics of the area.

Area is prime real estate but good amount are RS/RC plus with buildings aging and ever costly to run based on the rent collected...who else is able to pay the higher rent but not the non asian folk to subsidize the remaining rent regulated units? plus exodus of its asian demographics to cheaper areas - harder to keep chinatown within the family.

Would argue - that chinatown needs non asian money to keep it afloat more than ever.

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pillkrush t1_itaur1e wrote

chinatowns over, businesses and homes are giving way to artisanal coffee shops and hipsters. even tenements are smelling like pot and u know the Chinese don't smoke marijuana. most of the restaurants and businesses closed during the pandemic. primetime for the holdouts to sell out

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KaiDaiz t1_itawlyq wrote

Well they are renting out the market units for profit to gwailos to subsidize the operation of the rent regulated units for existing asian population. The holdouts still want to own the properties. All depends on how much money toss at them and when their rent regulated units become too much of a burden for them keep.

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ehsurfskate t1_itbhjoa wrote

Not every things is “white peoples” (whatever that means) vs all other races.

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Extension_Gap2319 t1_itdblru wrote

https://www.frieze.com/article/beyond-canal-street-gentrification-chinatown

Grow up. You were NEVER the good guys.

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ehsurfskate t1_itdphsw wrote

Who is the “you”? People on Reddit? I’m literally not white.

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KaiDaiz t1_itdqhrh wrote

chinatown needs the gwailos to surive..as if the asian folks currently living there pay enough to cover the expenses.

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