Entrepreneurship
Gentrification hinges on how residents view their neighborhood
As the U.S. population becomes increasingly urban, gentrification can seem inevitable. However, scholars have found that it’s actually pretty rare.
Gentrification has become a familiar story in cities across the United States. The storyline typically goes this way: Middle- and upper-income people start moving into a lower-income or poor neighborhood. Housing prices rise in response, and longtime residents and businesses are driven out.
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