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In this scenario, existing homeowners volunteer to be bought out and move away, removing themselves from the community. Existing landlords volunteer to be bough
by temp-dude-87844 6y ago
In this scenario, existing homeowners volunteer to be bought out and move away, removing themselves from the community. Existing landlords volunteer to be bought out, and kick out their renters, leaving them to move away and remove themselves from the community. These homes are demolished and the lots become a construction site for 6-18 months, then the freshly built housing goes to rent or sale at market rate. When they're occupied, they will be filled by newcomers to the community.
You look back at this neighborhood in five years. Wouldn't you consider it to have gentrified?
- nickff 6y agoI would consider the housing stock to be modernized. Whether the neighborhood has been gentrified is more a question of how affordable and appealing it remains to the 'original' residents.