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"[C]hildren who start out in a gentrifying area experience larger improvements in some aspects of their residential environment than their counterparts who start out in persistently low-socioeconomic status areas."
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Gentrification"Paradoxically, it is possible that gentrification could promote economic growth and employment while simultaneously increasing class inequality."
Gentrification is a process in which increased investment in a neighborhood drives up property values and rents, displacing lower-income residents by increasing prices so that such residents can no longer afford to live there. In public discourse, it has been used to describe a wide array of phenomena, sometimes in a pejorative connotation.
"[C]hildren who start out in a gentrifying area experience larger improvements in some aspects of their residential environment than their counterparts who start out in persistently low-socioeconomic status areas."
"It appears as if apartheid red-lining on racial grounds has been replaced by a financially exclusive property market that entrenches prosperity and privilege."
"[V]ulnerable residents, those with low credit scores and without mortgages, are generally no more likely to move from gentrifying neighborhoods compared with their counterparts in nongentrifying neighborhoods."
"One by one, many of the working class neighbourhoods of London have been invaded by the middle-classes—upper and lower. Shabby, modest mews and cottages—two rooms up and two down—have been taken over, when their leases have expired, and have become elegant, expensive residences ... Once this process of gentrification starts in a district it goes on rapidly, until all or most of the original working-class occupiers are displaced and the whole social character of the district is changed."