Gentrification refers to the process of wealthy individuals or middle-class families moving into a low-income or working-class neighborhood, resulting in the displacement of lower-income residents and the transformation of the area economically, socially, and culturally. It often involves the renovation and refurbishment of housing, the opening of upscale businesses, and the influx of affluent residents, leading to increased property values and the overall improvement of the neighborhood. However, it can also lead to the loss of affordable housing, higher rents, the displacement of longtime residents, and the erasure of the neighborhood's original character and culture.
