Quote:
Originally Posted by Vlajos
^ plus gentrification is a reflection of income/wealth changes, not age/race
|
Yep. My age numbers were only in response to someone saying downtown is getting more well off because a bunch of empty nesters are moving to the city from the burbs.
Also, gentrification I think is a bit more complicated. I actually do think that an influx of younger people to an area that's not very popular in that way could maybe indicate future gentrification. I also believe that gentrification starts more at looking at income levels that are closer to 60k or 70k. But, there are other things to look at too from amount of new construction to housing costs to....