Whether or not Penn employees can afford to live in the catchment area is irrelevant. The bottom line is that no lower income people or the businesses that cater to them will be moving there in the future. And over time, those who are there now will eventually move out. The result: no more of those scary people that lurk west of Fill-in-the-Blank Street. The desired effect will still be that upper income (read upper class) people will be moving there, where ever it may be that their paychecks are coming from. Instead of Penn being surrounded by the "industrial wasteland" or whatever it is that they tell outsiders they magically transformed, Penn will now be surrounded by Society Hill West.
From: [EMAIL PROTECTED]: Mon, 7 Jul 2008 11:11:46 -0400Subject: Re: [UC] Re: The real-estate PennspiracyTo: [email protected] In a message dated 7/7/2008 11:05:39 A.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: you see, penn put the public school there for those who could afford to pay the price of using it! it's not the penn school's job to figure out when you want a public school!" Living in the catchment area is out of the price range of many, many Penn faculty and staff members. Many of the catchment area buyers are folks who work elsewhere, moving from center city when their kids reach school age. The supply of these people continues to drive the prices up, further and further above the Penn employees' ability to buy. For those who are crediting Penn with being so very clever and diabolical, how would you explain this? Melani Lamond Melani Lamond, Associate BrokerUrban & Bye, Realtor3529 Lancaster Ave.Philadelphia, PA 19104cell phone 215-356-7266office phone 215-222-4800, ext. 113office fax 215-222-1101 Gas prices getting you down? Search AOL Autos for fuel-efficient used cars.
