Real Estates Economics | How Gentrification is Shaping Raleigh's Future

Raleigh, NC is the second fastest growing major metro area in the nation. Businesses and people are moving here because it has earned a reputation for being one of the best places to work and live in the country. But the housing supply has not kept pace with the growth, driving up housing prices and making home ownership and rent more expensive, especially in the downtown area where people have been increasingly wanting to live. That’s led to a shortage of affordable housing and gentrification, which means the displacement of lower income people, usually people of color.
The WRAL Documentary “Home Economics” looks at Raleigh’s urban growth, the reasons behind it, how it is changing many neighborhoods around downtown and what that means for the people who live there. It examines the cause and effect of gentrification and what people and policymakers can do to reduce its negative impact. It also examines the effect of the pandemic and what it could mean for Raleigh’s revitalized city center, which is driving much of the growth in and around downtown.
“Home Economics” is written and produced by Clay Johnson, shot and edited by Jay Jennings and hosted by WRAL News anchor Gerald Owens.
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WRAL is your Raleigh, North Carolina news source. Check out our videos for the latest news in Raleigh, local sports, Raleigh weather, and more at WRAL.com
#documentary #northcarolina #realestate

[@andrebaker7023]

WRAL Staff, thank you for sharing this type of content. #Educational#PSA

[@DidiV919]

I wish they would include when this was filmed. They reference the pandemic several times but we are now in December 2023.

[@eile4219]

The problem is all the laws that we created were try to increase housing price, not make it more affordable for average people. Zoning law is a good exmaple