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[mr_lebowski]

1. There's 0 changes in this world that don't have winners and losers when you get down to it ...

Overall, neighborhoods becoming nicer, but more expensive, cannot possibly 'benefit' every single person in that neighborhood, particularly not long-time renters.

But ultimately, overall, it's better for a city to have more of it's land and homes be higher priced, with nicer accommodations, etc. Having higher-end neighborhoods (and preferably lots of them) has all kinds of knock-on values for the community as a whole.

SOME people are going to 'lose out' in this situation, though, to be sure. Which is unfortunate in many cases.

However, that's life in the big city.