The rich are hoarding homes while gentrifying cities

2021-06-11 12:35:12
This is leading not just to gentrification, but to a “plutocratization” of urban neighborhoods. As Richard Florida observes in The New Urban Crisis, “Some of the most vibrant, innovative urban neighborhoods are being turned into deadened trophy districts, where the global super-rich park their money in high-end housing investments as opposed to places in which to live.”

hayti ads

Install the app today!

Get in touch with us

Reach out to the Hayti team about
collaborating or working together.

CONTACT info@hayti.com