Gentrification Got Gentrified
“The arrival of white residents—typically highly educated professionals whose incomes dwarf those of their new neighbors—has diversified about 1,400 U.S. census tracts since 2000, according to an investigation published last week by the New York Times. A separate study, published in March by the National Community Reinvestment Coalition, found that 1,049 census tracts had gentrified in that time (based on increases in home values, educational attainment, and income), and 232 of those tracts, or 22 percent, had recorded significant displacement of black or Latino residents. A third study, published in April by the University of Minnesota’s Institute on Metropolitan Opportunity, finds wider evidence still of low-income displacement in economically expanding neighborhoods.”