Chicago Tribune

3 housing myths, debunked: Poverty, property values, and gentrification

CHICAGO - Homeownership can come with a hefty supply of emotions, paperwork and financial planning. And as one grows more attached to a residence over the years, feelings often deepen as house becomes home and memories start to accumulate.

So when terms like gentrification, poverty and low-income housing are bandied about in your neighborhood, you may be somewhat wary. But not so fast. Common misperceptions surround these topics. Myths abound. Here are three such falsehoods - and the truths behind them - according to experts.

Myth 1: Gentrification has as much to do with morals as with economics.

What's the definition of gentrification?

Depends who you ask.

According to Jason Patch, co-author of the book "Gentrifier" and associate professor at Roger Williams University, it is the reinvestment into a devalued neighborhood to create

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