gentrification


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gentrification

The informal process of revitalizing an older and deteriorated neighborhood into more upscale homes owned by more affluent occupants. The first step is usually taken by young professionals seeking affordable housing in an urban setting, who immediately begin using disposable income to upgrade their properties.Their efforts attract other like-minded home buyers. Eventually the neighborhood reaches a point where the existing homeowners can afford to sell their properties and buy elsewhere, but they can't afford to pay the increasing property taxes. The process gains momentum at that point, with former apartment buildings being converted to condos, single-family residences undergoing complete renovations, and the entire neighborhood changing to middle class or upper-middle class. It is controversial, with some claiming it destroys the ethnicity and integrity of many older neighborhoods, all in the guise of ethnocentric notions of “improvement.”

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Speaking at a lecture for Black History Month in February, Lee, fed up at how the Fort Greene neighbourhood where he grew up in the 1970s had been altered by gentrification, said white newcomers had the "Christopher Columbus syndrome", which led them to sail in, plant their flag here and there, and claim to have discovered what had been there all along.
this sense, gentrification is fundamentally a demand-side spillover
Sometimes gentrification helps to avoid demolition of a historical district as new residents value the existing environment (Mannik, 2008).
We can sit here and talk about gentrification all day but, if you don't mobilize, if you don't put pressure on the people that hold the purse strings, you aren't getting anywhere.
The Gentrification of the Mind names a particular, internalized, cultural gentrification that takes place alongside literal urban gentrification.
The panel also plans to explore whether involvement of the private sector in the gentrification process, by partnering with real estate stakeholders and independent artists and organisations, could be beneficial.
Peu de travaux empiriques ont porte sur les effets negatifs indirects de la gentrification sur les personnes agees.
Even while gentrification and displacement may continue to transform the neighborhood, the outsiders are unable to proceed in steamroller fashion.
Expected results are that gentrification occurs as a byproduct of brownfields restoration.
by the gentrification of the Region, all the money produced in
At its basic level, gentrification is about one class with more financial power and resources displacing another group of lesser means, typically in urban areas.
In Portland, gentrification of traditionally black districts has led to substantial cultural losses along Northeast Martin Luther King Boulevard and other thoroughfares.