‘Gentrification’ is not a new phenomenon

Let's make 2018 your breakout year!
Join real estate's best and grow your business at Connect New York, Jan 22-26, 2018

“Gentrification,” a transformative process of neighborhood redevelopment associated with influx of middle-class residents and rising property values, is reshaping cities around the country.

Much debate around the phenomenon is predicated on the belief that gentrification is something new. But, in fact, argues James Frank Dy Zarsadiaz in The Atlantic Cities, gentrification has been unfolding for at least 50 years thanks to American consumerism.

Source: The Atlantic Cities