3 years ago
robertr
in English · 3,673 Views
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Gentrification Not Bad for Long Time Residents?
If you don't know, gentrification is when wealthier people move into a previously poor neighborhood, driving up the price level and forcing old residents out. Often in the US this process has an inherently racial characteristic. Now, a series of new studies are now showing that gentrifying neighborhoods may be a boon to longtime residents as well — and that those residents may not be moving out after all. Interesting stuff....
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5 comments
are you serious? gentrification can't be good!
3 years ago·Reply
did you read more about the article?
3 years ago·Reply
yes I didn't really get their point
3 years ago·Reply
I mean, it does drive up values but many people are just gone
3 years ago·Reply
well that is the point!
3 years ago·Reply