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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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ServantOfTheGoddess · 61-69, M
People who can't afford to live in the neighbourhood anymore will not benefit from any beautification. They will not have first dibs on any higher-paying jobs. They will indeed be displaced. This is a high social cost to pay for, basically, the convenience of better-off people.