Hacker News new | ask | show | jobs
by antisthenes 3651 days ago
Here's a TL;DR for your TL;DR.

Real estate development corp invests $500 million into gentrifying an area.

1 comments

You know how far gone social justice is as an ideology when "gentrification" has become a bad word.

Gentrification means more safe high quality neighbourhoods for people to live in. The local effect might be to price some low income people out of their community but the systemic effect is to increase the supply and therefore reduce the cost of better quality housing.