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Gentrification
01
the process of renovating a neighborhood, typically resulting in the displacement of lower-income residents due to rising rent prices
Example
Gentrification brought new cafes and shops to our neighborhood.
Gentrification often leads to higher rents and property taxes.
The once rundown area has undergone gentrification and is now vibrant.
The local community is divided over the effects of gentrification.
The old houses were renovated as part of the gentrification process.
