Study says gentrification a good thing

PITTSBURGH, June 30 (UPI) -- The authors of a study on gentrification in U.S. cities say its supposed ill effects on low-income urban neighborhood residents are exaggerated.

The study by researchers at the University of Colorado at Boulder, the University of Pittsburgh and Duke University found that when white, college-educated residents move into low-income neighborhoods, the resulting economic benefits did not all accrue to the newcomers as is usually assumed. Instead, black householders with high-school degrees accounted for a plurality of the total income gains in such neighborhoods, Time Magazine reported Monday.

"We're not saying there aren't communities where displacement isn't happening," Randall Walsh, an associate professor of economics at the University of Pittsburgh, told the magazine. "But in general, across all neighborhoods in the urbanized parts of the U.S., it looks like gentrification is a pretty good thing." ..............