What is the process of wealthy individuals buying property in economically disadvantages areas and renovating it, forcing the current residents to leave?
The correct term for the process described is gentrification. Gentrification refers to the phenomenon where wealthier individuals or corporations invest in economically disadvantaged areas, buying properties and renovating them. This process often leads to an increase in property values and living costs, displacing the current residents who may not be able to afford the rising prices.
