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Originally Posted by Glice
Often, in areas like Hackney (London), there's a lot of fairly poor people who bought council houses under Thatcher's right-to-buy scheme and ended up very wealthy indeed when Hackney became hip (whenever that was). In which case you suddenly had a sizeable number of the poorer people in a formerly-deprived area benefiting enormously from gentrification (and it's worth bearing in mind, much of Hackney is still rough)..
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or they were forced to sell and move because they couldnt pay the newly increased taxes - I assume the UK has property taxes. In the US I see farmers forced to sell because the town decides their property is now commercial and needs to be taxed accordingly, even though historically that lot may have been used once every 10 years on a rotated harvest schedule.
Not much has been written about "urban renewal" which went through the US like a bulldozer in the 60's & 70's, the plan was to gut local community cores and disperse the population out. the result is lots of small towns in the US with large strip malls in their city centers.