Gentrification often comes with, well, let’s call ’em “uncomfortable feelings.” There can be a kind of culture clash between the people who lived in the neighborhood before it was hot, and the new folks moving in — who often have more money and different tastes.
As neighborhoods gentrify, house prices rise. Some homeowners take advantage and cash out, while others buy high.
Marketplace’s Noel King has been looking at this dynamic at a house on Meridian Street in Highland Park. with three “generations” of owners going back 25 years.
News and information you need, from a source you trust.
In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.
This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.