is the opposite what he meant to write? It was always my assumption that he was correct; gentrification raises property values, so "home-owning locals" make mo

is the opposite what he meant to write? It was always my assumption that he was correct; gentrification raises property values, so "home-owning locals" make money off of their real estate value going up, while renters will be potentially pushed out (or stay and pay more in rent). Am I missing something?