Question
Housing Question on Real estate valuation
Which of the following is/are associated with Gentrification in a neighbourhood?
A
Wealthier households displace poor households
B
Poor households displace wealthier households
C
Real estate value increases
D
Real estate value decreases
Answer
Wealthier households displace poor households
Explanation
Solution
The correct answer is (A and C): Wealthier households displace poor households AND Real estate value increases