"Though a Southern Californian, I lived in Boston from 1993 until 2002 and believe the Boston experience with slowed, or stopped, gentrification may provide some insight into what could happen in neighborhoods like Prospect Heights. In the late 1980s, a period of renovation and gentrification pervaded through the neighborhoods of Metro Boston. In the early 90s this process stopped, leaving even neighborhoods like Beacon Hill with a patchwork of updated and dilapidated row houses and condo conversions. Buyers like I took advantage and bought when the market sagged, selling when (in the early 2000s) the market had come back." ["What Happens When Gentrification Rolls Back"]
Copyright Obser - Observer
