how does gentrification keep happening if there are less rich people than poor people?
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Gentrification can be thought of as the encroachment of the less poor poor people buying up land and houses that used to belong to poorer poor people.
The problem is that when most of us have debt and often literally have less than zero dollars to our names, or have a net worth but it is in like, the single thousands of dollars, and there are other people with 11 zeros in their net worth (a hundred million times as much money) it’s really hard to describe anyone as anything but “poor” anymore
But some of the poor people are so poor that if they got sick and couldn’t work anymore for a few months they would lose their house. While other people are so poor that they already are sick, and they need to decide whether it’s more important today to buy medicine or food.
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