Economic Effects Of Gentrification

Gentrification is the process of renovating and improving a house or district so that is conforms to middle class taste. The term is often used negatively, suggesting the displacement of poor communities by rich outsiders. Often people who are displaced cannot find affordable housing, and this can lead to homelessness. Gentrification is hurting Colorado families because 1.) it causes prices increases for Denver metro rents, 2.) it displaces and breaks up families, and 3.) offers no affordable housing options for those displaced. () Definition.

“Words are not passive; indeed, they help to share and create our perceptions of the world around us. The terms we choose to label or describe events must, therefore, convey appropriate connotations or images of the phenomenon under consideration in order to avoid serious misunderstandings. The existence of different terms to describe gentrification is not an accident, neither is the plethora of definitions for it” (Palen & London, 1984, p. 6). SAY SOMETHING Peter Marcuse (1999) argues that, “how gentrification is evaluated depends a great deal on how it is defined” (p. 789). Defining gentrification properly is necessary for anchoring an analysis of neighborhood change, particularly in light of recent scholarly efforts to replace the term (to describe the process) with less critical names like: ‘urban renaissance’,

he Matthew Effect states that people who are initially more successful than others are rewarded with opportunities that allow them to succeed further. For example, as children, hockey teams can be organized by players’ initial talent. That initial talent brings a select group of hockey players together so they can practice and become even more successful than they would have been without practice. In other words, the small advantage that the “talented” hockey players had only gave them opportunities to gain more advantages. As said by Gladwell, “...if you separate the ‘talented’ from the ‘untalented’; and you provide the ‘talented’ with a superior experience, then you’re going to end up giving a huge advantage to [the ‘talented’]” (Gladwell 25).

Moreover, according to census tracking gentrified areas are in located in populations that have higher educated individuals. As well as the factor of money and the costs of homes, detailing that those living in the area now are well paid. Gentrification has demonstrated a gap in between the nation and its people. It has allowed the factor of money to take over, and leave the people who have originated in the area to be left with nothing. The census official’s state that locals, []. “Washington, D.C., Gentrification Maps and Data.” Governing Magazine: State and Local Government News for America's Leaders, 2018, www.governing.com/gov-data/washington-dc-gentrification-maps-demographic-data.html. Estimates are shown for owner-occupied housing units

The world is always changing whether it is technology or medicine. Within these changes there are mixed views and controversy. This happens especially when the topic is about gentrification. According to the definition from Merriam-Webster, gentrification is “the process of renewal and rebuilding accompanying the influx of middle class into deteriorating area that often displaces poorer residents”. Now the concept itself is like a mathematical equation economic increase plus a safer neighborhood equals a positive reputation. Still there are those who believe the idea of gentrification is bad for the community, causing family oriented shops to go out of business and a loss of culture within the city. There are cons to gentrification, but, one

Gentrification is the process of buying and renovating houses and store the housing in urban neighborhoods, which results in increase property values and replacing the lower income and small businesses. Once gentrification happens, rental units are often change to a more luxury housing or condominiums that are available to be purchased. As real estate changes, land use is also altered. Before the gentrification happens, the area usually consist of low-income family housing and sometimes light industries. But after the gentrification, it shifts the housing in an urban community lifestyle, along with businesses, office, restaurants, retails, and other form of entertainment. Because of this gentrification, it significantly affects the area’s character and

By the 1960s many of these urban areas, with the loss of capital, jobs, and so on; began to deteriorate, and property values fell. Currently with the higher costs of property in the suburbs and other communities, there are fewer and fewer opportunities to invest small and gain a big profit; thus, making the once "undesirable" urban properties with their low property values and costs, more "desirable."

Gentrification is characterized as a struggle of power through the process of neighborhood change taking place in three stages; entry, exit, and restoration. Gentrification is driven by private developers, landlords, businesses, and corporations, and supported by the government through policies. (Hang) The “rehabilitation” of depressed urban areas leads to the inevitable exile of it’s lifelong residents. As wealthy interest in less affluent neighborhoods increases, it causes a sociocultural change to occur in those communities. These changes send a shock wave of economic effects. The average income increases and the average family size decreases. The economic eviction of lower income families will result because of increased rent, property

Originally a movement started by artists who moved into these neighborhoods for their affordability, real estate developers and urban planners take advantage of this increased demand for residence as an opportunity to convert once dilapidated buildings into luxury housing units. These once lifeless neighborhoods are given business, increased jobs, and a “safer” atmosphere. However, complying with the basic rules of supply and demand, as demand for housing in these neighborhoods increases, housing prices also go up. As once affordable housing prices hit astronomical rates, lower-income families that once lived in these neighborhoods are eventually forced out when they simply cannot afford to pay rent

Currently, policymakers are mostly concerned with the economic impacts a policy will have. While economic factors are important when evaluating and analyzing policies, there needs to be more of an emphasis on the social impacts policies have, especially when it comes to community development policies. Although it is not the only issue with currently popular community development policies, gentrification is one of the most problematic and enlightening conflicts of our time. The core issue with gentrification is it does not benefit the people who are most marginalized in the city. One can argue it improves neighborhoods by bringing business development, improving housing, and increasing median incomes, but these benefits do nothing to help the

Gentrification is considered a cleansing, since cities and districts that have a large quantity of crime, go through many changes. Gentrification is also considered to decrease crime rate, provided that old buildings or shops are replaced with new stores and apartments for more wealthy people. However this change could also make things worse. Families are forced out of their homes with no place to go, and now that everything is overpriced. They become a another statistic to the homeless population. For example, Colin Blaney was a career criminal living in Central Salford, who better to ask about gentrification than one of the criminals themselves? Colin explained how when gentrification kicked in the crime rate wasn’t all that improved, but

Living in a highly urban city (NYC or LA) in the United States, one tends to hear the phase “gentrification” in everyday conversation. As an example, a New Yorker maybe asked what part of Brooklyn he resides in and he answers the “gentrified part”. Although the word gentrification has settled in the contemporary language of city dwellers, the process of gentrification is a controversial issue for all parties involved. Gentrification is defined as the “process of renovating and improving a district so that it conforms to middle/upper-class taste” (Oxford). Gentrification improves depleted neighborhoods/areas due to upper/middle class buyers purchasing large majorities of the properties in a specific area and renovating it.

Gentrification brings out positive outcomes for a neighborhood it is the case for the article called “Say ‘yes’ to gentrification” by Art Tavana where the author some of the positive outcomes that gentrification brought to Los Angeles how it helps eradicate gang violence, strengthens the economy and that gentrification brings diversity into a neighborhood. The author states “the psychological toll of watching a gritty neighborhood fixed by hipsters is far less damaging than being stabbed near Dodger stadium. For 11 years, crime rates in L.A have generally dropped, many argue as a result of gentrification and improved policing” (Tavana 2). I believed that the author has a point changing a neighborhood is far safer than been a neighborhood that hasn’t been gentrified and there is a high rate of crime that you fear for your own safety. Gentrification also improves LA economy dog parks, bike lanes and redevelopments lead to more investment, which in turn increase property values. Overall the author states that the renovations that are to come to L.A are going to bring billions of investments that can lead to over 18,000 jobs. Tavana states “Starbucks, Whole Foods and open-air malls invest where hip consumers are willing to swipe their credit card for ornate goods.” (Tavana 3). Changes in this neighborhood might actually bring

lived in communal flats, and were confused by the rich offering them a raw deal.

Stigmas have been an essential tool to navigate the complexities of the cultural world. Often, stigmas are associated with “an attribute that is deeply discrediting” towards a group of people, but stigmas are not exclusively attributed to social groups (Goffman 13). Certain words hold stigmas that warp our understanding of that word. The negative stigma associated with the word ‘gentrification’ has created many misunderstandings of what gentrificationㅡand its natureㅡis. Gentrification is the process of restoring and reconstructing deteriorating communities and can be paired with the movement of wealthy individuals from the surrounding community to the gentrified one. People attributed a stigma with gentrification because many people see gentrification as a one-sided topic. Availability biases portray gentrification as something communities should avoid. However, gentrification is a multifaceted and a controversial topic with positive, negative, neutral, and even unknown consequences. When looking beyond the stigmas associated with gentrification, there are some positive consequences that society often overlooks. Negative consequences often overshadow the positive consequences, which perpetuate the notion that gentrification is bad and is a one-sided issue. In reality, gentrification is misunderstood; gentrification is neither good nor bad because there are too many contrasting factors and consequences that can arise from gentrification. Instead of labelling gentrification as