The Pros And Cons Of Gentrification
Subscribe! http://bitly.com/1iLOHml With national rental costs rising, younger people are moving into historically low-cost, inner-city communities, which can lead to gentrification. Is...
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As rent prices around the country continue to rise, more young people have been moving into historically low-cost, inner-city communities. Although this provides an affordable solution for incoming residents, it also leads to gentrification, or the displacement of existing communities by wealthier newcomers . So is gentrification a good or bad thing? On average, first-wave gentrifiers are usually young, childless, college graduates. Often, they’ll move nearer to their workplaces and public transit, and farther from the suburbs. In the US, the Federal Reserve Bank of Cleveland reports that rapid gentrification has been seen in cities like Washington DC, and Atlanta. On the one hand, an influx of cash into previously poor areas tends to lead to an improvement in...
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As rent prices around the country continue to rise, more young people have been moving into historically low-cost, inner-city communities. Although this provides an affordable solution for incoming residents, it also leads to gentrification, or the displacement of existing communities by wealthier newcomers . So is gentrification a good or bad thing? On average, first-wave gentrifiers are usually young, childless, college graduates. Often, they’ll move nearer to their workplaces and public transit, and farther from the suburbs. In the US, the Federal Reserve Bank of Cleveland reports that rapid gentrification has been seen in cities like Washington DC, and Atlanta. On the one hand, an influx of cash into previously poor areas tends to lead to an improvement in...
