What are the effects of gentrification in walkable neighborhoods?
Gentrification in walkable neighborhoods often leads to increased property values and rents, which can displace long-term residents.
How does it impact local businesses?
Local businesses may benefit from increased foot traffic, but they can also struggle if they can't afford rising rents.
Are there any positive aspects to gentrification?
Yes, it can lead to improved infrastructure, more amenities, and increased investment in the community.
What can be done to mitigate negative effects?
Policies like rent control, affordable housing initiatives, and community land trusts can help mitigate negative impacts.
Can you give examples of cities affected by this?
Cities like San Francisco, New York, and Washington D.C. have experienced significant gentrification in their walkable areas.
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