— NYC Dad (@nycdad) July 9, 2014
(1) the buying and renovation of houses and stores in deteriorated urban neighborhoods by upper- or middle income families or individuals, thus improving property values but often displacing low-income families and small businesses.
Examples for Gentrification
- The tide of gentrification that transformed economically depressed enclaves is receding, leaving some communities high and dry.
- As gentrification gathered pace, property prices exploded.
- The goal of many local leaders has been the retention of that history in the busy swirl of gentrification.
Rhymes with Gentrification