Yep, the unfortunate reality is that living in a gentrifying area does not guarantee someone a right to continue living there. Property taxes are a controlling

Yep, the unfortunate reality is that living in a gentrifying area does not guarantee someone a right to continue living there. Property taxes are a controlling factor on house price inflation to an extent. As property values and taxes increase in an area, residents who can no longer afford that (often times lower-income or fixed-income residents) are forced out. While that sucks for them, this ultimately puts more homes on the market and increases the inventory. Increased inventory means a downward factor on house prices. Probably not enough to prevent them from increasing, but it may slow them nonetheless. The Bay Area seems to be missing this critical market factor. I'm now seeing townhomes in MV list at 1 or 1.1 and go for 1.3. How depressing is that.