Gentrification seems to be a consistently hot topic. My most popular video to-date has been my video explaining gentrification. Recently extensive research by the Federal Reserve Bank of Philadelphia, examining population mobility that occurs during gentrification was made available. Here are my summary of their findings.
1. Lower income people aren’t moving out at a faster rate when gentrification occurs. Most likely because they want to retain the benefits the gentrifying community provides.
2. What does happen though is it makes the neighborhood inaccessible to low income individuals that want to move into the gentrifying neighborhood.
3. So as more low-income people move out of the neighborhood over time, they are replace by higher
1. Lower income people aren’t moving out at a faster rate when gentrification occurs. Most likely because they want to retain the benefits the gentrifying community provides.
2. What does happen though is it makes the neighborhood inaccessible to low income individuals that want to move into the gentrifying neighborhood.
3. So as more low-income people move out of the neighborhood over time, they are replace by higher