3 years ago
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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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