Gentrification Destroys Communities: True Or False? - Yahoo News

(Financial advisers generally say not to spend more than a third of pretax income on housing.) Maybe the hostile owners of those Wi-Fi connections arent aware of recent data showing that gentrification often helps a districts original residents. A 2013 study from the Federal Reserve Bank of Cleveland suggests that for longtime residents, living in a gentrifying area is better than living in an area that isnt undergoing change. This is true whether residents of the gentrifying neighborhood own homes or do not and whether or not they move out, writes the author, economist Daniel Hartley. Whole article at http://news.yahoo.com/gentrification-destroys-communities-true-false-124346590.html