How Gentrification Works

Hoboken, New Jersey is the poster child for successful gentrification.

"The trickiest part of dealing with gentrification may be deciding when to start... In a popular gentrifying neighborhood, housing advocates struggle to prevent the displacement of poor families by rising rents, to retain some of the distinctive culture of the area and to get the developers flooding into town to share the wealth. But in other neighborhoods, ones that have long suffered abandonment and disinvestment, getting a major developer to consider them at all is a major triumph. Repairing abandoned homes and securing access to capital are the primary concerns."

Thanks to Chris Steins

Full Story: Tales of Three Cities

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