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RE: What is Gentrification?

in #philosophy7 years ago

So you mean that it would, in a way, kick out lower class families who cannot afford the new "improved" homes?
This is the downside.
Hopefully instead it will create a surplus supply of bette housing therefore causing the prices to remain affordable.
Not likely though, real estate and land ownership is a VERY profittable business and I don't see that changing. Could a nonforprofit step in and buy? I can hope