"Obviously, gentrifying developers will go where they can make money, but as more of them move in, the neighborhood might potentially get more and more desirable thereby further increasing costs. As more gentrifiers move in, more of the stores they frequent and amenities they like move in and the prices rise to reflect that. Just look at how much more desirable Bushwick is now for people who like craft beer, organic produce, and classy restaurants than it was 20 years ago."RoamDawG [PLG Residents Call Planned 23-Story Tower 'Out of Control']
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