As businesses move into low-income places, it boast the value of property in that area. The people that are unable to afford housing there will be forced to relocate.
What is Gentrification?
This is known to be the act or ways that is used for urban development where a neighborhood is said to be created fast in a short period of time.
Conclusively, gentrified neighborhoods or areas of new urbanism redevelopment can affect the larger metropolitan area’s housing economy because businesses move into low-income places, it boast the value of property in that area. The people that are unable to afford housing there will be forced to relocate.
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