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Gentrification is the process of displacing a poorer community with a…
Gentrification is the process of displacing a poorer community with a richer one. This increases the wealth of the neighbourhood and improves the overall qol of the people living there, but the downside is is that the pre-existing community is forced to move out because they can't afford the housing prices.
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Cons
Rent's and living costs increase dramatically forcing the current residents out in place for the new rich residents
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