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	<title>Comments on: Who&#8217;s Buying?</title>
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	<description>The source on how we live, work and play</description>
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		<title>By: Michael Wells</title>
		<link>http://www.creativeclass.com/_v3/creative_class/2008/08/15/new-old-luxury/comment-page-1/#comment-5050</link>
		<dc:creator>Michael Wells</dc:creator>
		<pubDate>Fri, 15 Aug 2008 23:22:21 +0000</pubDate>
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		<description>There are an amazing number of houses in my older neighborhood being gutted and rebuilt by new owners -- six within a couple of blocks of us. I&#039;m assuming they will all have new carpet, floors, kitchens, etc. and in many cases furniture. The old-timers are shaking our heads, where is this money coming from if things are really in the pits?

Admittedly, Northwest Portland isn&#039;t experiencing rampant foreclosures but it&#039;s not robber baron territory either. Many of the newcomers are managers at NIKE, Intel and so forth. They&#039;re fitting in nicely with the academics, professionals and artists who are many of the longer term residents.

Another factor is they&#039;re bringing in lots of young kids, which is rejuvenating the neighborhood&#039;s energy (and noise levels). The Northwest toy stores aren&#039;t going to be going broke. 

Finally, the neighborhood of White liberals is diversifying -- our neighbors on one side is a Hispanic husband, the other side is a Korean wife -- both with kids. A few houses down is another Asian woman and across the street is a new Black family. There have always been lots of Jews, I don&#039;t think they count as diversity any more.</description>
		<content:encoded><![CDATA[<p>There are an amazing number of houses in my older neighborhood being gutted and rebuilt by new owners &#8212; six within a couple of blocks of us. I&#8217;m assuming they will all have new carpet, floors, kitchens, etc. and in many cases furniture. The old-timers are shaking our heads, where is this money coming from if things are really in the pits?</p>
<p>Admittedly, Northwest Portland isn&#8217;t experiencing rampant foreclosures but it&#8217;s not robber baron territory either. Many of the newcomers are managers at NIKE, Intel and so forth. They&#8217;re fitting in nicely with the academics, professionals and artists who are many of the longer term residents.</p>
<p>Another factor is they&#8217;re bringing in lots of young kids, which is rejuvenating the neighborhood&#8217;s energy (and noise levels). The Northwest toy stores aren&#8217;t going to be going broke. </p>
<p>Finally, the neighborhood of White liberals is diversifying &#8212; our neighbors on one side is a Hispanic husband, the other side is a Korean wife &#8212; both with kids. A few houses down is another Asian woman and across the street is a new Black family. There have always been lots of Jews, I don&#8217;t think they count as diversity any more.</p>
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		<title>By: RF</title>
		<link>http://www.creativeclass.com/_v3/creative_class/2008/08/15/new-old-luxury/comment-page-1/#comment-5047</link>
		<dc:creator>RF</dc:creator>
		<pubDate>Fri, 15 Aug 2008 18:01:48 +0000</pubDate>
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		<description>Nisi - Nice post. This doesn&#039;t strike me as odd. My hunch it&#039;s not just the uber-riche. Americans are truly in denial about the issues facing the economy. They keep on consuming even when they&#039;re strapped and the economy is going south. I&#039;m amazed in the suburbs outside Detroit for example, where house after house is up for sale, and foreclosures are rampant, how middle class people continue to consume and consume as if there is no tomorrow, continuing to use the credit cards and run-up debt. It&#039;s quite amazing actually and speaks volumes about the state of society.</description>
		<content:encoded><![CDATA[<p>Nisi &#8211; Nice post. This doesn&#8217;t strike me as odd. My hunch it&#8217;s not just the uber-riche. Americans are truly in denial about the issues facing the economy. They keep on consuming even when they&#8217;re strapped and the economy is going south. I&#8217;m amazed in the suburbs outside Detroit for example, where house after house is up for sale, and foreclosures are rampant, how middle class people continue to consume and consume as if there is no tomorrow, continuing to use the credit cards and run-up debt. It&#8217;s quite amazing actually and speaks volumes about the state of society.</p>
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		<title>By: Elizabeth M</title>
		<link>http://www.creativeclass.com/_v3/creative_class/2008/08/15/new-old-luxury/comment-page-1/#comment-5046</link>
		<dc:creator>Elizabeth M</dc:creator>
		<pubDate>Fri, 15 Aug 2008 18:01:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.creativeclass.com/_v3/creative_class/?p=2403#comment-5046</guid>
		<description>I&#039;m getting ready to sell my soul to re-carpet and re-floor a few thousand square feet of our new home -- if you need it, you buy it! Either that or live in the filth left behind by the previous owners...</description>
		<content:encoded><![CDATA[<p>I&#8217;m getting ready to sell my soul to re-carpet and re-floor a few thousand square feet of our new home &#8212; if you need it, you buy it! Either that or live in the filth left behind by the previous owners&#8230;</p>
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