Gentrification gets a whole lot of bad headlines, and I get it.What do folks think about the gentrification of the Tottenham area generally?
But at the same time, no one decrying gentrification has ever explained to me their actual plan to turn around derelict, impoverished areas other than outside investment.
Absolutely, in any scheme some get taken advantage of. The early outters will be selling low so others can pounce, revitalize, and sell high. Those who stick, though, will see that investment boost their own values. I live in a gently gentrified area, myself, and know a few older couples who've seen massive increases on their property values. In fact, the couple we bought from more than doubled their investment, pocketed the cash and moved to Croatia.