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Gentrification and its Effects

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Housing Market Dynamics

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The housing stock shifts towards more expensive options, pricing out lower-income residents and altering the demographic composition of the neighborhood.

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Real Estate Development

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Increase in property development and renovation projects geared towards attracting higher-income buyers, often at the expense of affordable housing.

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Economic Change

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Shift in the economic structure of an area, attracting new businesses, higher-income residents, and shifting the local economy from low to high-end services and amenities.

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Social Stratification

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Increased divide between different social classes within a neighborhood due to the influx of wealthier individuals and the marginalization of existing, often poorer, residents.

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Mobility and Connectivity

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Enhancements to transportation and connectivity that predominantly serve the needs of more affluent newcomers, sometimes to the detriment of the original community's mobility.

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Gentrification-Induced Segregation

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Spatial and social separation of different economic groups within a gentrifying area, often leading to pockets of wealth amidst persistent poverty.

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Shift in Political Power

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As wealthier individuals move into an area, they can bring different political preferences and influence, altering local governance and policy priorities.

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Environmental Gentrification

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Introduction of green spaces and environmental improvements to an area, which increases property values and can inadvertently displace lower-income residents.

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Cultural Shift

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Alteration of the neighborhood's character and norms as new residents move in, often leading to a decline in traditional community practices and local culture.

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Commercialization

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Transformation of local businesses to cater to the tastes and demands of wealthier residents, often resulting in a homogenized retail landscape.

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Public Space Redefinition

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Adjustment of public spaces to appeal to new residents and tourists, which can limit their accessibility and utility for the existing local community.

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Displacement

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Forced movement of residents due to rising rents and property values, often resulting in the loss of affordable housing and community fragmentation.

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