Won't this slow down gentrification of a neighborhood? There's neighborhoods in most cities that 10 years ago were 'the bad neighborhood' that have become walka

Won't this slow down gentrification of a neighborhood? There's neighborhoods in most cities that 10 years ago were 'the bad neighborhood' that have become walkable and popular again. It's hardly unfeasible for the bid area to have a rent of <$500, but after gentrification could easily pull $1500. At a 5% cap a year, it would take considerably longer to reach this price, which will likely slowly down the conversion of these areas, as the demographics would change much more slowly.