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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.

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reflectingmonkey · 51-55, M

i don't like it but i think gentrification has been happening since the beginning of modern cities and are a natural process formed by many factors accidentally interacting with each other like when an area was built and the average time building materials take do degrade, the building speculation market and what it favors at the moment, geographical factors,what area is more "in" etc. my area is a good example: it used to be the artist area with the cheapest rent and coolest people. then it was a victim of its popularity, everyone wanted to live here so all the rich people started buying buildings and speculation made rents go up so much that it is now one of the most expensive areas in the city for rents, the artist have left and there are no cool people in the parks playing guitar, smoking weed and hanging out. used to be one of the most awesome places on earth . the parks are so boring now.