By Thomas Franck of CNBC. Excerpts: "Key Points A new Harvard Business School paper uses Yelp data to find that the entry of each Starbucks into a ZIP code is associated with a 0.5 percent increase in housing prices within a year. “The presence of a Starbucks is far less important than whether the community has people who consume Starbucks,” the paper found. The economists say the study is the first of its kind to track gentrification using a platform such as Yelp, a potential new tool for policymakers hoping to monitor housing prices." "It’s not clear whether housing prices are rising due to the Starbucks opening itself or simply because more affluent customers that would go to the coffee chain have moved into the area.Harvard economics professor Edward Glaeser said
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