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"First come the artists, then the cranes. As the kamikaze pilots of urban renewal, wherever the creatives go, developers will follow, rents will rise, the artists will move on, and the pre-existing community will be kicked out with them.
"Such is the accepted narrative of gentrification, a term first coined more than 50 years ago by the German-born British sociologist Ruth Glass to describe changes she observed in north London – but it is a phenomenon that has been at the heart of how cities evolve for centuries.
"Gentrification is a slippery and divisive word, vilified by many for the displacement of the poor, the influx of speculative investors, the proliferation of chain stores, the destruction of neighbourhood authenticity; praised by others for the improvement in school standards and public safety, the fall in crime rates, and the arrival of bike lanes, street markets and better parks."