The word gentrification refers to a situation in the real estate industry where a neighborhood transforms from a poor neighborhood into a wealthier neighborhood. Gentrification occurs when the young middle class moves into low-value neighborhoods near cities to experience the urban lifestyle searching for affordable housing.

As more people move into these neighborhoods, the economic value of these neighborhoods increases. Businesses that cater to the upper and middle class also move into the area, further pushing property values. People who own and rent out property in a gentrifying neighborhood have to contend with new challenges and opportunities that come with gentrification, as listed below:

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