ฝัง
- เผยแพร่เมื่อ 4 ก.ค. 2024
- The housing market can be vexing: while some neighborhoods get ridiculously expensive and price out longtime residents, others have historic homes sitting vacant without demand. Equitable housing developer and TED Fellow Bree Jones shares how she found a way to revitalize neighborhoods experiencing hyper-vacancy while preventing gentrification -- supporting home buyers and transforming communities along the way.
If you love watching TED Talks like this one, become a TED Member to support our mission of spreading ideas: ted.com/membership
Follow TED!
Twitter: / tedtalks
Instagram: / ted
Facebook: / ted
LinkedIn: / ted-conferences
TikTok: / tedtoks
The TED Talks channel features talks, performances and original series from the world's leading thinkers and doers. Subscribe to our channel for videos on Technology, Entertainment and Design - plus science, business, global issues, the arts and more. Visit TED.com to get our entire library of TED Talks, transcripts, translations, personalized talk recommendations and more.
Watch more: go.ted.com/breejones
• How to Revitalize a Ne...
TED's videos may be used for non-commercial purposes under a Creative Commons License, Attribution-Non Commercial-No Derivatives (or the CC BY - NC - ND 4.0 International) and in accordance with our TED Talks Usage Policy (www.ted.com/about/our-organiz.... For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), please submit a Media Request at media-requests.ted.com
#TED #TEDTalks - วิทยาศาสตร์และเทคโนโลยี
Fifty years ago I decided to become an urban planner. I saw and witnessed first-hand what "Urban Renewal" did. I saw a low income, mostly Irish Catholic neighborhood vanish in a year to make way for a highway and expansion of a nearby hospital. The typical municipal disinvestment was evident. Broken would be a good word to describe the neighborhood. Contrary to popular social beliefs, people weren't kicked out of their homes. In fact, they were paid over 150% of market value. Everyone opted in. It was sad just the same.
When I saw the title of this TED Talk, I was immediately drawn to listen but failed to understand how this neighborhood revitalization was not a softer and gentler type of gentrification. Don't get me wrong, I'm glad to see the reinvestment here, but as with any other type of urban pioneering, someone had to accept a considerable amount of RISK. The big city investors couldn't accept that level of risk and she was laughed out of the room. So, who accepted the risk and was there some kind of subsidies, grants, fund raising involved?
Powerful, depressing description! It would be useful I think if you could take a microphone/ megaphone and give a TED talk too!
my thoughts exactly someone has to make sacrifices and take the risk. Banks wouldn't even lend money to these properties because there's no cash flow. Math doesn't work out unless getting free money somewhere. And what about the crimes? House value is a by product of the income and crime not the other way around. Putting luxury building in a hood wouldn't solve the poverty.
I really love this video! Bree Jones is a unique person. I appreciate such positive contribution in society, because these people make our world a little bit better. I am also interested in the urban development and urban planing as I am studying it at the university, and this video is an amazing case of how neighbors and engaged citizens adore their home and want to make changes in order to improve living conditions and the overall well-being!
This is lady is God sent to Baltimore, Maryland. She is truely needed in the city of Baltimore, Maryland. This is a wonderful story. This woman Bree Jones cares about the community and it's citizens. I am glad this black woman is stepping up to help black american citizens in Baltimore, MD who want to become homeowners and leave a legacy of generational wealth to their kids. I just wish it was more black american people like Bree Jones. May God bless!! Mrs. Jones and her non- profit organization,
Lovely to see community-based housing being taken on, rather than letting neighborhoods continue to be eroded by profit motives. Wishing Bree and others with similar efforts all the success.
I don't mean this in any nefarious way but when people drive the money out of the area and make the average person not even want to enter that area doesn't it need at least help a little to try to bring money back into that area? Refurbishing a building in a poor area doesn't solve any problem other than maybe help the homeless in that area. The neighborhood is still a place people avoid if they can, all it does is make it look better on google maps street view.
LOVE IT!!! We CAN do this alone.
This was incredibly inspiring! Bree Jones - you're doing inspiring work!
The question is are these homes selling for more money than the program has put into them? Because if not then it’s not surprising that supply is exceeded by demand. Demand for discounted items is always high. But if they are being sold at a sustainable price and the profits from selling these homes fuels this business that would be quite the achievement.
The local municipality or sthr government should obvious subsidise them if it doesn't! The Government's might then need to drive older or less flashy cars, but to my mind that's how it should be!
@@lindyrobertson8062 How many homes is the government going to subsidize and for how much? Many government budgets are strapped just doing the basics.
Amen Sister. Something great instead of doing nothing. I love this. They tried to discourage you. I'm starting an art movement in my neighborhood and I'm trying not to price out my friends.
I know the chance of the speaker seeing this is approximately zero, but having been a long time baltimore resident and an economist I've thought a lot about this specific problem and have some ideas for community development spurred from within.
You should reach out to the organization through their website.
It would be interesting to hear your ideas too?
(Isaac I mean)
Hello!! A) maybe she does check comments occasionally, I probably would. You may not want to answer this question here because it’s your intellectual property but I’d be very interested what your ideas are. I’m writing a paper on alternatives to gentrification
It would be hard, but we can try.
Creating demand for housing is easy... even in historic and depressed minority neighborhoods. Anyone who attends any city council anywhere will eventually hear local housing advocates speeches for affordable housing. The issue is the investment into the new/renovated housing has to break even, or even make a profit to be an ongoing effort. As part of outreach to existing residents to become homeowners, are the new owners (in the existing neighborhood) willing, and able, to pay off the investment?
would have been great to have some results to show for the talk. The concept is great, if it's viable. The problems I see are less about the demand but rather the actual cost of repair. If the overall cost for the
new owner ends up being more than rebuilding, it's not really value added.
will be watching with interest though
Cool I literally search how to transform a neighborhood without gentrification and this came up. How to buy back the block investment wise and have local government play more of its supposed vital role
Do it in Detroit
Extremely high risk relatively low return …..
They are doing this all over Miami. Every time I come home I see something new. Family businesses are being bought out and people and getting bribed to leave.
They're doing it in Central Florida too -- the county is basically clearing out my hometown so their "preferred" developer can build "approved" units for their list of "pre-approved" tenants. And you can either sell your land to them so they can build their quarter-million dollar homes on them, comply with their demands and build the homes yourself (they'll even waive a lot of the regulatory fees), or they will find a way to make you (like liens). The low-income residents who were already there are "undesirable" (and a whole lot of other less re-printable words from the Code Enforcement lady), and they're looking forward to the higher tax income from the "pre-approved" people on their little gentrified list.
So, through depending on charity?
In part, yes. They are reaching out to donors and investors. Does that bother you?
@@free22 Doesn't bother me, I just think charity is not really a dependable or repeatable solution.
@@CloakedC It’s not self-sustaining to rely on donations if that is what you mean. As she mentioned in the video, investors and lenders weren’t interested in the project at first. But if the project ends up working, investors may be more interested in investing in future developments.
What's your solution?
This comment section gives me hope
i did't understand what he want to say
You'll help some people get into these refurbished homes, but the surrounding properties will be bought up by developers and it will be gentrified in the end. Im not in support of losing historic neighborhoods but at the same time progress means more kids and more kids will move into gentrified neighborhoods on the fringes of development because thats what people have done historically.
Unless you ban all property sales in the neighborhood you're just announcing where developers should develop next. And we havent talked about increased property taxes and actually paying for these old buildings to be brought up to modern code.
Gentrification is not else than culture denial.
In an age where people lose touch with their roots at the profit of technology and big institutions driving the steering wheel no wonder why culture is so shallow.
Big up to that lady that believes into human culture
In France gentrification makes things so similar and so blended under same brand icons and concept flags, soon you will be able to have the same lives/businesses/interests all across the diverse social classes within the whole occident, and this, will be a failure for diversity and culture.
Thanks for watching and commenting. You have been selected in my draw✨Winners should text on telegram to claim prize. (Only Winners).🏅❤️
I don't mean this in a bad way but how else is a poor area where money is basically driven out of the area because of crime going to flourish without outside help which isn't just donations. Relying on donations is like putting a non water resistant bandaid on in the rain expecting it to stay on all day. And this is going to sound offensive but what culture, Maybe i'm missing something because I don't live in an area like that but looking from the outside in the only difference I see from other in black neighborhoods in the city compared to other areas is the amount of crime and how poor the area usually is. And if that's what you call culture I got some bad news for you.
Property ownership caps.
Property hoarding should be illegal.
No more scalping housing!
Tax land
Amazing ted talk.
Clever ... Intelligent ... Bravo !
Would be interested to see the numbers on deals like this. Doesn’t really seem financially feasible to me. I’d also be interested to see these neighborhoods in ten years. Interesting idea for sure.
Why
@@linettewhite2122 why what?
It would be interesting to see the numbers. They are not only getting investment capital; they are receiving donations as well. You can’t compare their numbers with those of a typical real estate development firm that would simply sell the homes for the highest price possible. But it would be interesting see.
@@free22 exactly. In order to execute this in a larger application, there would have to be some form of incentive since the profit likely isn’t there. And for some areas and people, community improvement is enough of an incentive. But in order for that to be feasible, those people still cannot just lose money on it.
I ran numbers on deals like this, the amount of low return high risk and high effort make them bad deals. Unless theres high subsidies and support policy makers don't make sense at all. Real life isn't all rainbows and unicorns
The houses in the photo are in such a state that it would not be easier to demolish their remains and build new ones? Financial plan using the same. Such a deep reconstruction usually requires more time and investment than building a new one.
I don't know about Baltimore, but here in Florida it can often be cheaper and faster to renovate instead of going through the permits and inspections and such for demolition and new construction -- and as long as at least 2 walls (or maybe just 1?) of the original structure is standing, it can be classified as a renovation instead of new construction. It's going to depend on the local laws tho.
As we honor the many contributions of Indigenous people today, I wanted to take a moment to celebrate Mary Smith-the first Native American woman to hold the role of president-elect of the American Bar Association and an alum of my administration.
Her commitment to supporting and training the next generation of Indigenous women and girls looking to study science, technology, engineering, and math is inspiring. I HOPE you’ll take a moment to read her story─ *Barack Obama* ✍️
Stories like this really bring it home that counter to the overarching narrative. One can make a difference and improve the world AT THE LOCAL LEVEL. The idea that one needs to pack their bags and leave behind your family, all in search of "success" still hasn't fully been deconstructed in the American psyche. I struggle with this myself and would love to see more stories in the broader culture reflect the speakers lived experience.
60 years ago my mentor in faith, decided to forgo college to travel the world and dialogue with people from all walks of life.
🎓🎓😊
" Our people have the right to _HOPE,_ the right to a future, the right to life itself. No power on this earth can destroy the thirst for human dignity. Our land cries out for peace. We will only achieve it through adherence to democratic principles and respect for the rights of all. "
~ _NelsonMandela✍️_
🎓
😊
we had 2 houses. one inherited. when we went to sell them the only people who could afford them were investors. we needed the money to retire. we wanted to sell to people but both houses were in need of tons of repair. so we sold them to investors. they rebuilt them beautifully. but they are priced out of most peoples budgets. however the neighborhood is infested with druggies and bums. people camping out in parks and harassing other people. the neighborhood we left is disintegrating and needs to be gentrified.
To the nay sayers. Yes. You do have points to be considered. I'm sure you have more education than most of us. Some of you have had experience about the down side of things. President John F. Kennedy's said, "Ask not what your country can do for you. Ask what you can do for your country. With your education and experience can you reach out to those who are putting themselves out there facing criticism and such, to help poor people? Would you consider reaching out, give them a call and ask, " What can I do to help you?" Can you listen first to what is going on in their day to day challenge without judging? Then you can offer advise ect. My mentor in faith stepped out onto the world stage 60 years ago with the mind set of finding out what the PEOPLE of the world NEED FIRST. He did not have the means to get a college degree at the time. Most of his life on this earth has been dedicated to the peace and TRUE happiness of humanity and also abolishing nuclear weapons on this planet. He dialogues with common every day people as well as world renowned leaders of the world. His message is we NEED to put the peoples on this planet first. To date he has received 401 and counting, honorary doctorates, professor ships, ect., and awards from prestigious colleges, worldwide. He was suffering from tb for many years. He went to jail because of his beliefs.The late Honorable Reverand Martin Luther King asked of himself and others, most of us knows what we are willing to live for, but do we know what we are willing to die for to make this planet a better place than when we found it? Not the exact quote. But I hope you understand my meaning. We all have Michael Jordan genius inside of us, from the humble street sweep on up. Personally, thirty years ago I found my answer and I live it every day with that awareness. Not always perfectly but I bring my focus right back to my awareness and actions. Please overlook my sentence formations, spelling, and grammar. I send to each and everyone of you, love, peace, excellent health, and prosperity.
Wait a minute. What has she accomplished? How many homes did she renovate? How many people did she place in the homes? How did the finance work?
This model isn’t new, our CAC used it. It targets the buyers and isn’t speculative like a developer, who can cut and run if the price point doesn’t match investment. It takes grants, etc., but it’s a necessity to rebuild communities systematically cut off from access you and I enjoy without a second thought.
In theory, this is a good idea, but this isn't going to stop the mentality that comes with this environment. If she and the people can pull this off, more power to her and them.
Sorry, what do you mean by mentality?
@@pixeltheragdoll The people who live in that community (not all) are likely to commit crimes in their own neighborhood, not take care of it (littering, vandalization etc) .
This makes it an unsafe environment for people to want to live in, let alone raise a family. Almost all are financially illiterate , or likely are too burdened with life or too lazy to learn , as well as only qualified for low income jobs (unfortunately).
@@ehlohimwhil5762 Okay, that's what I thought you meant. Not even sure where to begin with all that and, honestly, I'm too ill and tired to argue with anyone. But thank you for answering me. I appreciate it.
@@pixeltheragdoll I understand. Trust me, I'm Black and from the poverty stricken areas (still currently live in lower-income Brooklyn NYC) . I'm in my early 30's, still love hip-hop, but my mentality is different .
I'm tired of the excuses of 400 years of something I didnt experience . I do not wish to place guilt on another race. True, there were long term effects from it, but knowing this , people should know theres a solution.
I want everyone to thrive, but the reality is : do they want to thrive? Can't help those who don't want to be helped. What isn't earned, isn't appreciated. Can we still be compassionate and still give back in some way? Absolutely .
Feel better , and rest up , and I don't think the comment section is a place to heal, rather it'll stir up more emotions that can stress you and contribute to your illness.
Watch something that can make you laugh
Yes, but those issues tend to improve when you increase the number of homeowners in these areas.
They don’t care about the little people! It’s just about the $$$
No such thing as
She is BRAVE!! We can make the impossible, possible! I want to do similar work, starting in my city. I will reach out to this genius of a lady. I will start doing research on this matter today. This message is from: Stephanie.
I'm a white upper middle class American homeowner. After watching crime rise in my city and a high profile murder in my local park I decided on the spot to sell. At the time two people told me it was irresponsible to sell because it would be "white flight" and continue the trend of falling property values and a diminished tax base. When I moved to my new city (Austin) I was told that I was contributing to gentrification.
Once you realize they will complain about everything, you understand that you don't have to care.
@@McGeeRF That is exactly how I felt. I don't remember MLKs dream being about checking the melanin levels of home buyers in any given area. Not caring about this nonsense is truly liberating.
@@LEV1ATHYN It's not uncommon for people to want to feel connected to their community. It's just on the one hand you have advocates of identity based communities, and on the other the same folks call that racism when it's not a POC community.
Ann Coulter in her book (Adios America) rightly points out, "diversity" is really just code for less white people.
When you moved from a high crime area to a low crime area, there are other particular statistics there; higher rated schools, higher home prices, and a certain demographic shift.
All this can be understood from Charles Murray's Book (The Bell Curve) not to mention Dinesh D'Souza's book (The End of Racism.)
So, no you're not wrong, and yes there is a double standard.
The more you read the more you know.
However, I think it's fantastic they are able to reignite a neighborhood in the way of their choosing.
I think that demonstrates the power of American Free Market Capitalism. Milton Friedman would be proud. More power to them. It's a power they've always had but forgot. Or have been sold some victim narrative about.
@@McGeeRF Great comment. Spot on.
@@McGeeRF There’s a whole lot of “theys” in your comment. Do you realize how condescending you sound?
You cannot talk about identity politics and try to compare old historically tight knit neighborhoods of color with the recently built white suburbs that many people are fleeing to. That’s not remotely the same thing. There is value in improving historically redlined communities instead of fleeing to the nearest new suburban development.
Diverse means exactly that. Diverse. That does not mean less white people as much as more different types of people. Why is the idea of a neighborhood full of different types of people so abhorrent to your kind? And by your kind I mean people who would unironically quote Anne Coulter and the Bell curve. Anne Coulter is trying to build hysteria among the white community and apparently, it is working.
What does the bell curve, a book that has been repeatedly discredited, have anything to do with gentrification, communities of color, and white flight? Your bias against communities of color is showing.
This is predatory. This is a marketing situation, pushing worthless homes onto black people and getting them to invest in real estate that only has demand because of the marketing. No intrinsic value. This reminds me of the people 30 years ago selling development land in Florida that was actually wetlands. So people bought the land and the contract was written in such a way that when they found out their land was useless they could not sue. I saw similar situations to this when I was younger and into rentals. You make your money in real estate when you buy and when you sell. The value in between really doesn't matter a whole lot. This lady's organization is pushing black people into serious commitments to homes that will only lose value, and quickly. And this lady went to an Ivy League school and worked on wall street. The reason investors laughed at her was because this is stupid. And in the future these same black people will not enjoy a great rise in net worth from this. In fact, they will be trapped there when they want to get out of the neighborhood, and to sell it they will have to dump the property for what is owed. They would actually be better off renting if that occurs. Redlining has been illegal for 55 years, by the way.
Mother Nature has a firm hand in all aspects
How is this predatory? They are fixing up homes and selling them at prices people in the area can afford with the help of donors and investors. There are developers doing the exact same thing in low income minority neighborhoods all over the country. They then sell the homes to white homeowners at much higher prices. If I fix up these houses and sell them at much higher prices to people outside the community, will that seem less predatory to you?
@@free22 White people don't buy these homes to live in. White people buying into a neighborhood like this aren't looking for a cheap home; they will only buy in if the entire neighborhood is on a come-up. They are looking to turn a profit.
This is marketing to poor people, telling them this is a way to build wealth. It will not deliver in that regard. They are not looking at cap rates or comps or anything else. I had one rowhouse and the comps are useless.
It is good for the people to own homes if they stay there, but lower income people are more susceptible to economic downturns. That means that when they may need to sell, they will not recoup any return for sure,. In fact, they probably won't even have any equity to pocket due to the exigent nature of a financially-driven decision to sell. At that point they may just wait for foreclosure instead.
Once a house is foreclosed, the bank will auction it, but the prices will be very low because everyone in that neighborhood either sold low or endured foreclosure. The houses will not sell, or will sell at prices only high enough to settle tax liens.
This means the neighborhood will once again rot. The people who purchased these homes will be no better off, and actually could incur some damages.
@@LastOne155 White people do buy out these renovated homes quite early in the process especially if comparable homes are more expensive. Did you think that white people didn’t show up at Brooklyn until the area was doing well? There is always the first trickle of white buyers. An up and coming gentrified neighborhood will lead to MORE white buyers once it is doing well but white people don’t wait for the entire neighborhood to be doing well to start moving in.
And yes, the idea is to have residents that stay in the area. That is why they are targeting legacy residents. This model only works if you can over time increase the homeownership areas in a neighborhood. This tactic has worked very well in many areas of LA that in the 90s were often mentioned in rap songs.
What you are describing is only a problem if the approach is limited to a few homes and then nothing else is done.
@@free22 Yup. What do you think she just showed us?
Third
👍🏻
😂 nice try, how will that happen with people who has low quality mentality.
Gentrification simply means I want to live in safe clean neighborhood.
not it doesn't. Gentrification is a urban disease
If she had just said two sentences about how she brought this about I would have felt my time well spent listening to this podcast. It comes off as a bunch of platitudes and whining. Too bad as it's a very important issue.
The market drives this and she should know this if she worked in finance. No one wants to live there because the people that live there are the ones causing the crime.
Exactly
Yes, but if you increase the numbers of homeowners in any area, neighborhoods improve. This has been the case in many areas of LA and I’m glad to see other communities doing the same.
What do you learn from this video guys??
Not much except she's pushing a concept in need of funding . I'm not upset at her well intentioned idea..but it's the people's mentality and lifestyle that has to change also
@@ehlohimwhil5762 Blacks are always asking for money handouts.
That there are still ways to revitalize downtrodden areas without kicking everyone out. And that there will always be people who will be rooting for communities to fail because of a “mentality” that they claim exists.
@@ehlohimwhil5762 I appreciate even tho you are not fully convinced from where she is coming from but still you don’t have an issue of her opinion you are a wonderful person we need such kind of person in our Society who can understand and talk accord to situations do always be careful with the choice of words and sentences you warped your opinion very well and merge it very well & as possible as you can wonderful
In short we are human we need to understand we have different thought process which made us difficult from each other as we have different body shape skin colour as we speak different languages same way all of us have Braine but we have different opinion for different things we need to accept each other opinions with respect until it’s not a crime ofcourse!
@@free22 sounds sharp!!
I bet I, a white guy, would not be able to buy a home there.
Or anywhere.
Your existence is unacceptable to them.
Have you even tried applying? They are targeting long term residents but how do you know that there are no white residents in the area? There are white people all over Detroit. How do you know that Baltimore has no white people?
First
Omg I'm late 😅
How to Revitalize a Neighborhood?? Eat the rich.
Gentrification is a good thing.
for who???
@@frizzzx86Gentlemen