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And then, Life reminded me that I'm older than Google

Author
Alainta Alcin, Lawrence Delva-Gonzalez, Lovely Merdelus
Published
Mon 29 Apr 2024
Episode Link
https://the-financial-griot.simplecast.com/episodes/gentrification-and-getting-older-Pvdn57TI

TFG crew is together again, discussing artisanal coffee spots... Nah, we are talking about gentrification, the loss of the third place, and your current buying opportunity. Since change is a universal constant, why not get in on the front end and enjoy?  

Can gentrification be a good thing? First, let's define it.

Gentrification is a housing, economic, and health issue that affects a community's history and culture and reduces social capital. It often shifts a neighborhood's characteristics (e.g., racial/ethnic composition and household income) by adding new stores and resources in previously run-down neighborhoods. 

This structure allows the wealthy to put their children in their well-funded public schools while leaving low-income families and students concentrated on their own, usually under-resourced schools. Among a myriad of other issues which include displacement, cultural erasure, and a spike in the cost of living, especially for underserved communities.

Some of the benefits of gentrification include reduced crime rates, improved infrastructure and economic growth.

 

 

 

 

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