Geography
Urban Gentrification and the Displacement of Longtime Residents
Quick fact
Gentrification often leads to the displacement of longtime residents: studies show that in gentrifying neighborhoods, a significant share of original renters move out within a decade, while property values and rents climb by double digits.
Why this is interesting
You've probably seen a neighborhood change—new coffee shops, flashing 'luxury lofts,' and suddenly the old bodega is gone. Why do those changes so often force the people who made the place special to move away?