'The gayer the block, the faster it rises in value,' one expert said.
USA TODAYFor better or worse, iconic"gayborhoods" are getting way more expensive, pricing out LGBT people in the process.
Ghaziani researched the increased gentrification and rising cost of gayborhoods, and his findings show that areas with larger populations of same-gender households correlate to real estate values that are higher than the average. The overall cost of living in big cities has risen drastically. But Ghaziani told USA TODAY that developers and investors looked to where LGBT people are located in metropolitan cities "as a strategy to increase their return on investment."
"While these neighborhoods still provide a sense of community and social acceptance, residents often pay a hefty premium to live there," said Mikhitarian.A slew of housing conflicts are taking place, not only just from straight transplants to gayborhoods — but also between specific sects of the LGBT community.
A study published in 2018 by the Williams Institute at the UCLA School of Law found that lesbian, gay and bisexual people are more likely to be living in poverty than their straight peers. Lesbian and bisexual women, however, are worse off compared to gay and bisexual men. Making matters worse, transgender people face higher rates of poverty than the rest of the LGBT population.
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