Gentrification comes from the root of the word for gentleness, which isnt quite what we think of when we imagine ripping down quaint old homes and displacing lower income families.

But what about when the old homes arent quaint so much as decrepit? And what about when your city has nowhere to go but take over those (often more centrally located) areas or expand into suburbs? What then?

In order to have a decent discussion about gentrification and to decide whether to buy in an area that is undergoing gentrification, lets look at some issues.

1) Will the families indeed be displaced?
Though often older families can not afford to pay the increasing property taxes that come with an areas appreciation, many times they can. If the taxes are being raised for things like schools and roads, it might benefit them too. If they must leave the area, will the have safe places to go? Will the places be close by, so they arent so unfamiliar with the area? Take a look at the surrounding neighborhoods next to the one youre considering.

2) Will the area go up in value?
Despite a lot of middle class families buying homes, a neighborhood has to be consistently improving for the value to go up. Many times, this takes years. Reconsider buying property in a gentrifying area with the intent of flipping it soon. It makes more sense to live there for a while and get to know your neighbors-this often makes the gentrification process more friendly and the area more secure.

3) Is there anything else you should know about the area?
Before you move anywhere-to a neighborhood full of millionaires, to a home in the suburbs, or to a lower income area-it makes sense to check the local crime statistics and school systems. Also, try and learn about the history of the area and the people who have lived there before you. Get involved with local businesses and see what can be done to make your new neighborhood more economically secure for everyone in it.