Episode
You don't have to leave your neighborhood to live in a better one | Majora Carter
23:28
Published: Wed Sep 21 2022
Description
Low-status neighborhoods in the US are often stuck between stagnating assistance from the government and gentrification at the hands of real estate developers. The result is that the brightest minds are convinced that "success" means leaving town. Urban revitalizer Majora Carter has a solution: What if we treated these communities like struggling companies? She presents a restorative economic approach to capitalism, which seeks to retain talent, build resilient communities and prove that you don't have to move out of your neighborhood to live in a better one.
Chapters
Majora Carter's TED Talk delves into community-based solutions for poverty and economic development by retaining talent in underserved neighborhoods.
00:00 - 01:23 (01:23)
Summary
Majora Carter's TED Talk delves into community-based solutions for poverty and economic development by retaining talent in underserved neighborhoods.
EpisodeYou don't have to leave your neighborhood to live in a better one | Majora Carter
PodcastTED Talks Daily
The tools of capitalism that built white wealth should be applied to build wealth in low-status communities, especially in terms of property ownership and real estate development.
01:23 - 14:22 (12:59)
Summary
The tools of capitalism that built white wealth should be applied to build wealth in low-status communities, especially in terms of property ownership and real estate development. Before a real estate transaction goes forward within a low status community, the seller should receive quality legal and financial counsel so they are fully aware of the value of their land and how they could maximize it through sensible refinancing, building vertical additions for rentals, and also accessory dwelling units.
EpisodeYou don't have to leave your neighborhood to live in a better one | Majora Carter
PodcastTED Talks Daily
The US security and exchange commissions should set people in low status communities as a protected class as real estate companies and private equity firms make quick cash offers in those communities, robbing them of wealth potential, whereas cleaning their surroundings could be a small yet impactful start for the community.
14:22 - 23:21 (08:58)
Summary
The US security and exchange commissions should set people in low status communities as a protected class as real estate companies and private equity firms make quick cash offers in those communities, robbing them of wealth potential, whereas cleaning their surroundings could be a small yet impactful start for the community.