When real estate capital is reinvested in blighted inner-city areas in order to create a new infrastructure for the well-to-do, this is referred to as ______________________.

Question

Quizplus · Accepted Answer

The process of reinvesting in blighted inner-city areas to create a new infrastructure for the well-to-do is commonly known as gentrification. This often leads to displacement of low-income residents as property values and living expenses increase in the area.

When Real Estate Capital Is Reinvested in Blighted Inner-City Areas