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Good neighborhoods should have a mix of older and newer buildings.
From Jane Jacobs' The Death and Life of Great American Cities
Thank you for sharing that excerpt! Definitely a concept I had not thought about, makes perfect sense, and is seen demonstrated in the gentrification process.
Yeah, she definitely has some thought-provoking explanations on how cities work.
I would say gentrifying 1 building is ok, and is something you can do every 5 years or so to help boost the economy and modernize the building stock. But it becomes a problem when an entire block or an entire neighborhood becomes gentrified all at once. It'll lead to a slum in the long run.