Short answer: They're not doing it for you.
The place you made your home is no longer for you because some monolithic real estate development firm based in Dallas Texas chose your modest neighborhood as the site for their new, trendy apartment buildings with floor to ceiling windows, attractive lobby employees, covered parking, downstairs gym, computer room, recording studio (mine has one), heated pool and Jacuzzi, and colorful decor. All at the reasonable price of $1799 a month for a 300 sq. ft. "Deluxe studio" apartment or $2199 a month for a 700 sq. ft. 1 bdrm "loft".
Aimed at hip, young straight-out-of college graphic designers and yoga instructors who are just looking to find themselves in life.
AKA NOT FOR YOU.
Trust me, I live in one of these neighborhoods. It is shit. It is a thin varnish painted over a decaying turd.
All it does, is drive poor people further away from their low-paying jobs, while bilking money from trust-fund kids.
That doesn't really make it an inherently bad thing though. Maybe they are a yoga instructor.