Gentrify

A word used by people who insist their neighborhoods can never change to disparage new construction and change in the composition of the neighborhood. Usually accompanies by NIMBYISM. Typically, the cause of this is either being unwilling to accept new development, and/or not realizing that when new houses are built for the rich, their old houses open up for everyone else.

"I can't believe developers tried to build a new apartment in the one part of my city that hasn't been zoned for single-family housing. I can't believe capitalism would gentrify the poor people out of their homes!"

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