Having lived in New York, maybe I saw a different gentrification? Creatives and artists who brought a lot of pride and interest in a neighbourhood. Local establishments that had character and often people who lived within the area. Cultural diversity.
But as the area becomes more popular, attracting people who are willing to pay higher rent, it becomes ridiculous for people who bring value to the community to exist. That local cafe can't afford to the increasing rent there and so it's replaced by a generic Starbucks. That apartment which houses the band that plays locally is now occupied by a couple who works across bridge. That little restaurant that sold really delicious and cheap breakfast no longer can afford that spot and instead the whole frontage is now another chain.
I'm ambivalent because I understand that's just a normal cycle. But in a way, it's a bit unfair to some of these people who brought a lot of reason to be in that location, but now can't afford it because they helped make it too popular.
I no longer live in NY and reside in an extremely wealthy neighbourhood. Businesses around me are generally overpriced and lack character because... maybe those are the only things that can survive around here.