I Thought Gentrification Was Bad

02 Jul
July 2, 2018

The “common wisdom” is that gentrification is bad because it pushes out the poor original residents by raisining prices and taxes beyond what they can afford. That may be less common wisdom and more urban myth according to this article from the Economist.

Gentrification is actually a boon to original residents as it brings in better stores with more goods, and increases the quality of local services.

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