An interesting post on urban renewal, real estate speculation, nostalgia and gentrification. This seems a pretty universal phenomenon: right now downtown Porto has a mix of successful (?) and not-successful renewal, in the form of new drinking establishments all over the place and costly overhyped low-quality apartments like those the article describes. The former are all too dependent on fashions and are risky business, while the latter can’t have a good future value — being located in buildings surrounded by abandoned fire hazards, in streets where the drunken hordes roam on weekends.