What does “gentrification” mean and what are “gentrified” neighboorhoods in modern day united states?
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Where I’ve seen it happen with bad outcomes is in “cottage country” in central Ontario.
Communities surviving in low population areas, jobs are scarce, housing is poor. Then the rich show up and purchase their holiday property, throw up a McMansion on said lakefront property. In 10 years, the original population can’t afford the massive rise in property taxes and 100 year old family homes go into foreclosure.
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