User:SunriseInBrooklyn/sandbox/Gentrification of New York City
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The gentrification of New York City has been an ongoing process source of contention between renters and working people who live in New York City and real estate interests. A subset of this opposition has been an emerging antagonism between longtime working-class residents of the city and the influx of new residents. The gentrification of New York City neighborhoods began in the late 1990s in Williamsburg, and it has continued, at varying levels of intensity, into the present. New York City is a common example of gentrification, especially when it comes to discussions about rising rents and low-income residents moving out. In 2004, Lance Freeman and Frank Braconi of Columbia University found that low-income residents are actually less likely to move out of a neighborhood that had the "typical hallmarks" of gentrification than one that did not.[1]
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