educate me about gentrification please

this may be my unintended white privilege talking. when i think gentrification, i DO think about the poor being displaced and such.

I ALSO, though, think of an area that may be crime-riddled and such...being beautified, higher paying jobs being brought in, etc.

Educate me about how the cons outweigh the pros?

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Pretzel · 70-79, M

As I understand it as the properties are purchased the occupants - often renters are told to move when the lease is up and they may or may not be able to find a similar place to live.

communities are displaced and the property values increase - driving up rent for other people in the neighborhood.

but on the plus side the government collects higher property taxes.