What is 'gentrification'?
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What is 'gentrification'?
Michael Corbett (Real Estate Expert) gives expert video advice on: What are the various timelines for flipping a property?; How long should I hold a property that I want to flip?; When is a good time to buy real estate to flip? and more...
Gentrification actually means a neighborhood that has been in transition and is becoming more and more gentrified. This means the homes themselves are being worked on and renovated. The school system is being improved, shops, Starbucks, restaurants, and amenities are moving into a neighborhood. When a neighborhood is poised to be gentrified, that's where you want to be. Once it has become gentrified it is beautiful established neighborhood.
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