They can't really set price of the rental market, cant they? Salaries either have to keep pace with the rents, or renters get displaced. Displacement can only

They can't really set price of the rental market, cant they? Salaries either have to keep pace with the rents, or renters get displaced. Displacement can only be sustained so long as there are transplants take their place, who can afford the rents, and there is usually finite supply. I've read conflicting things about gentrification. But on the "gentrification is good" side, the theory goes that areas that tend to "suffer" the most gentrification, tend to be areas that have very high levels of displacement already. They tend to be poor, lots of foreclosures or dead beat renters. In other words, gentrification doesn't necessarily increase levels of displacement. Owners in gentrified areas stand to greatly benefit from gentrification. The renters... they get displaced - but that was happening whether the area was gentrified or not.