What are the problems gentrification brings? Isn’t fixing up a neighborhood a good thing? How can gentrification stop?
In: 9
Poor neighborhoods have a higher number of people that rent homes instead of owning them. Gentrification increases property values which harms renters since they do not benefit from increased property value, they only see it raise their rent which eventually squeezes them out of the neighborhood. Owners benefit when they sell their houses or take out a home equity loan, but when they are living in them, they just see increased taxes.
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