York & Fig

York & Fig: The House on Meridian Street

Noel King Dec 3, 2014
HTML EMBED:
COPY
Paul Downer in his home on Meridian Street. Rafael Cardenas
York & Fig

York & Fig: The House on Meridian Street

Noel King Dec 3, 2014
Paul Downer in his home on Meridian Street. Rafael Cardenas
HTML EMBED:
COPY

Gentrification often comes with, well, let’s call ’em “uncomfortable feelings.” There can be a kind of culture clash between the people who lived in the neighborhood before it was hot, and the new folks moving in  — who often have more money and different tastes.

As neighborhoods gentrify, house prices rise. Some homeowners take advantage and cash out, while others buy high. 

Marketplace’s Noel King has been looking at this dynamic at a house on Meridian Street in Highland Park. with three “generations” of owners going back 25 years.

 

 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.