Is gentrification a good thing or a bad thing?

Gentrification has been becoming ever more popular lately. From the Bronx to small cities such as South Bend Indiana and Grand Rapids Michigan. The process of turning run down buildings and neighborhoods into more modernized renovated places for homes and businesses.

However many people especially in low income communities are not a fan as it raises property values and taxes making it harder for low income families to stay stable.

Do you think gentrification is good or bad?

Discuss. And remember to be civil.