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A Closer Look (Housing Crunch: Shortages, Gentrification) #188106

ABC Evening News for Wednesday, Aug 04, 1999
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(Studio: Kevin Newman) Statistics on the average price for new homes cited.

(New York: Betsy Stark) The shortage of houses around the country due to the healthy economy featured. [Orange County, California, home builder Steven KABEL, real estate consultant John BURNS - comment on the housing unit imbalance.] [Ramsey, New Jersey, home buyer Andrea SUDAL, Atlanta home buyer Michele HOVIS - talk about their buying experiences.]

(Studio: Kevin Newman) Report introduced.

(San Francisco: Deborah Wang) The flood of young professional home buyers into the inner city where working class neighborhoods are transformed featured; scenes shown from a working class neighborhood in San Francisco's mission district. [Brewery/pub owner Stephen MacMILLAN - comments on the neighborhood.] [Apartment resident Lola McKAY - says she has no place to go.] [Tenants attorney Raquel FOX0 calls the situation outrageous.] Threats in San Francisco from the Yuppie Eradication Project against upscale establishments outlined. [Activist Kevin KEATING - opposes gentrification.] [Restaurant owner Jason TEPLITSKY - sides with freedom of movement.]

Reporter(s):
Newman, Kevin;
Stark, Betsy;
Wang, Deborah
Duration:
00:04:50

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