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Per Ofir Ventura, when a neighborhood changes from a poor neighborhood to a wealthier community, it is said to have undergone gentrification. Gentrification happens when members of the emerging middle class relocate to low-income areas close to cities in pursuit of housing affordability in order to enjoy the metropolitan lifestyle. These communities become more valuable economically as even more individuals settle there. Additionally, enterprises that serve the middle and upper-class classes settle in the region, driving increasing real estate values.

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Ofir Ventura

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