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About: Gentrification in Philadelphia     Goto   Sponge   NotDistinct   Permalink

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Gentrification is the targeting of a neighborhood as new, and typically more affluent, people move in. It is often criticized because the current residents have limited options to buy or rent equivalent housing in alternative areas at the same price. If they stay, prices for products, services, and taxes rise and existing social networks are disturbed. Gentrification is the opposite of white flight—when residents voluntarily move away as a neighborhood declines.