Donald Trump invokes the darkest days of urban decay and crime to appeal to his base. The facts speak to an urban triumph that has led to greater national prosperity and higher standards of living for tens of millions of Americans.
A new study examines gentrification (measured by relative income) at the neighborhoods, revealing the unique case of Cincinnati, which increased wealth faster during the recession than it did during the preceding boom.
The prevailing wisdom is that as a neighborhood gentrifies, long-time, low income residents are forced to move out because of rising rents, i.e. displacement. Two studies from Columbia University and the Federal Reserve draw different conclusions.
A new report from the Federal Reserve Bank of Cleveland quantifies the rate at which America's 55 largest cities gentrified between 2000-2007 based on neighborhood home values. The results may surprise you.