It's a double edged sword: it generates wealth and regenerates an area. On the other hand people who may have lived there for 20+ years can get priced out of th

It's a double edged sword: it generates wealth and regenerates an area. On the other hand people who may have lived there for 20+ years can get priced out of their own neighbourhood. Arguably, people have a right to continue living where theyve always lived, and should be able to live close to work. This is at least believed in the UK, in theory. Unfortunately, what normally happens is that house prices in the area grows exponentially fast and serves to only make the rich richer. Rental prices are usually pegged to housing prices and thus, the original inhabitants are pushed out.