This topic has been on my mind for a long time, but I haven't figured out a way to be completeley clear with it. If you don't know what gentrification is, it's basically landlords exploiting the local housing market trends by evicting the current population in favor of developing and renovating their property to become more modernized and city-like, and to bring in new money. Typically involves lower-class neighborhoods and undeveloped property (no housing or buildings) being renovated into condominiums and apartments for middle-class and richer transplants (people not from, or familiar with, the area and its culture). After effects may include local and transplant elitism and larger, nation-wide businesses driving out smaller, locally owned businesses.
Personally, I don't mind development of property, but if the local culture is affected by it, then it's a problem. Where I live, there's not a lot of transplants who respect the culture, and the ones who do don't really do anything to preserve it.
Personally, I don't mind development of property, but if the local culture is affected by it, then it's a problem. Where I live, there's not a lot of transplants who respect the culture, and the ones who do don't really do anything to preserve it.