Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Sure a small percentage of displaced people benefit significantly. That’s offset by those who simply see higher rent then get forced to relocate to a less desirable location further from work / family/ etc.

Poor areas have few people with the knowledge/ resources to really leverage gentrification which is why they are living in poorer neighborhoods to begin with. So the average outcome may be a slight improvement due to the major winners, but the median outcome is likely a net loss.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: