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A phoenix rising above urban ruins symbolizes the gentrification process and its impact on revitalized communities

Understanding Gentrification: Causes, Impacts, and Controversies

November 6, 2024 FinanceFacts101 Business Strategy

Definition and Background of Gentrification Gentrification is a term coined by sociologist Ruth Glass in 1964 to describe the influx of middle-class people into London’s working-class neighborhoods, leading to displacement of the original residents. Today, gentrification refers to the transformation of urban areas from low to high value, often accompanied

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