What are the problems gentrification brings? Isn’t fixing up a neighborhood a good thing? How can gentrification stop?
In: 9
It prices poorer residents out, essentially. It’s kinda unavoidable though, since part of the reason the current rents are so low is because the current housing is old and dilapidated. You can’t let housing degrade forever, and you can’t re-build it with old & cheap housing. Any improvement will cause the price to rise. It’s also essentially the result of supply & demand, which you can’t really stop.
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