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Gentrification is the process of changing the character of a neighborhood through the influx of more affluent residents and businesses.
Gentrification often increases the economic value of a neighborhood, but the resulting demographic displacement may itself become a major social issue. Gentrification often shifts a neighborhood's racial or ethnic composition and average household income by developing new, more expensive housing and businesses in a gentrified architectural style and extending and improving resources that had not been previously accessible.
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