gentrification

Gentrification is a process where a previously lower-income neighborhood undergoes transformation as new, often more affluent residents move in. This influx can lead to improvements in local services, infrastructure, and property values. However, it often displaces long-time residents who can no longer afford rising rents or the cost of living. While gentrification can revitalize an area, it raises concerns about cultural loss and social inequality, as the original community may be pushed out to make way for newer, wealthier residents and businesses, altering the neighborhood's character and accessibility.