Gentrification involves higher-income individuals moving into lower-income neighborhoods, revitalizing the area but displacing existing residents.
Gentrification is the process where higher-income individuals move into a lower-income neighborhood, leading to economic revitalization but also displacing long-time residents. Incentives for moving in, like tax breaks or subsidies, can sometimes signal gentrification and the potential downsides it brings such as rising property values and displacement of existing residents.
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