What are the effects of gentrification on local communities?
Gentrification often leads to increased property values and rents, which can displace long-time residents.
How does it affect the cultural identity of neighborhoods?
It can dilute the cultural identity as new, often wealthier residents move in, changing local businesses and traditions.
Are there any positive effects of gentrification?
Yes, it can lead to improved infrastructure, more investment in public services, and a reduction in crime rates.
What can be done to mitigate the negative impacts?
Policies like rent control, affordable housing initiatives, and community land trusts can help protect vulnerable residents.
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