Then the bohemian artists arrive, then the homosexuals, then millennials looking for cheaper rent, then the property speculators and developers take notice and then the urban yuppies. And its all fed by massive government spending, printed money, zero interest rates and debt.
Well, that's how it worked in DC. Not so much in places like Detroit or Baltimore.
That would be the Koreans, not the Chinese. Remember the Korean grocery store owners in LA during the Rodney King Riots?