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You are here: Home / Real Estate / It’s not the Starbucks, it’s the gentrification

It’s not the Starbucks, it’s the gentrification

September 10, 2018 By Geoffrey Disch Leave a Comment

A recent study by the Harvard Business School reported that having a Starbucks open in the vicinity can add a 0.5 percent increase in housing prices in the neighborhood. However, other analysts were quick to point out that it wasn’t the presence of Starbucks per se but an indication of affluence in the area.

Commonly referred to as gentrification – the process of rebuilding homes and businesses accompanied by an influx of middle-class or affluent people at the expense of earlier, often poorer residents – it is usually associated with increases in the numbers of grocery stores, cafes, restaurants, and bars in the area.

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Filed Under: Real Estate Tagged With: gentrification

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