What Is Gentrification – and Why Is It Good or Bad?
Empire Appraisal Group
NOVEMBER 11, 2021
It’s good for early buyers, but it’s bad for lower-income owners who can no longer afford to live there. Since 2000, according to a 2019 New York Times report on gentrification, the phenomenon is affecting about one in six predominantly African American Census tracts in the U.S. Is gentrification bad?
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