Gentrification (noun)

The process of renovating and improving a house or district so that it conforms to middle-class taste and then raising the prices, often resulting in the displacement of lower-income residents.

Origin:

The word gentrification is derived from the word "gentry" which means "people of good social position" and the suffix "-fication" meaning "the process of making something into something else".

Examples:

1. Gentrification has led to the displacement of many low-income residents in urban areas.
2. The gentrification of the neighborhood has led to an increase in property values.
3. The gentrification process often leads to the loss of cultural identity of the area.
4. Gentrification can lead to the displacement of long-time residents and small businesses.
5. The gentrification of the neighborhood has led to the displacement of low-income families.