Dictionary of Business Terms: filtering down
filtering down
process whereby, over time, a housing unit or neighborhood is occupied by progressively lower-income residents. For example, many older residences near the downtown of big cities were once occupied by the upper classes, but have filtered down to the relatively poor. At some point in the filtering process, many large houses may be converted into rented multifamily housing.
Dictionary of Real Estate Terms: filtering down
filtering down
the process whereby, over time, a housing unit or neighborhood is occupied by progressively lower-income residents.
Example: Many older residences near the downtown of big cities were once occupied by the upper classes, but have filtered down to the relatively poor. At some point in the filtering process, many large houses may be converted into rented multifamily housing.
