[AstixAndBelix]

Why would a rich guy moving someplace raise the prices for everyone else? Simple, because the people working there will charge the rich guy more!

The only reason gentrification exists is because local businesses see the influx of rich people as an opportunity to raise prices, not to simply have more customers. A mom and pop kebab place might become fancier to serve the rich guys, even though the owner could have totally kept their original business model without pricing out the locals.

In the end, it's always the same old: "for someone to buy there must be someone to sell, for someone to sell there must be someone to buy". At every step of the gebtrification process there are people who could stop it, but don't

[roarcher]

> the owner could have totally kept their original business model without pricing out the locals

Their costs are increasing like everyone else's, especially if they're leasing the building. They may have no choice but to raise prices, even if they don't make the place fancier.