The city's low-income residents have been 'squeezed out' [=have been forced to leave their homes] by rising real estate prices.
There is a serious housing 'squeeze' [='shortage'] in the city. [=there are not enough houses, apartments, etc., available]
a credit 'squeeze' [=a situation in which it is difficult for people, companies, etc., to get credit]
(..) I'll start the fire. Fascinating. We'll see if breeze try to blow us tonight. Now won't we? Hey, I think I saw its flare. Any chance I can squeeze in there with you? Isn't there someone else you can annoy? Friends? Family? Poison reptiles? My family is bad. They just kind of migrate without me. (..)2002 Ice Age