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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Furthermore, interesting patterns emerge when I compare changes in the credit scores of the residents of neighborhoods that gentrified to those that did not gentrify, based upon whether the residents had a mortgage in 2001.
There may well be consequences short of displacement--including marginalization, isolation, alienation--wherein original residents remain in gentrified neighborhoods, but through the transformation of their neighborhood, their quality of life is diminished.
Alan Gelfand himself, the human, as opposed to the gentrified term, can be located in Hollywood, Florida at his own private skate sanctuary, Olliewood.
Denver is a newly gentrified metropolitan area surrounded by the rugged, snow-capped Colorado Rockies.
It is not Duncan-Jones' intention to write a chronological biography, but rather to focus on important "scenes" of Shakespeare's career, including his emergence in the London theater in the 1590s, his sometimes ambivalent rivalries with other writers such as Nashe, Marston, and Jonson, his attempts to establish himself as gentrified by getting his coat of arms approved, his ownership of shares in his theatrical company and of substantial real estate, his involvement in litigation.
Sure, the menu has been gentrified a bit with items like potato-crusted grouper salads, but the old standby burgers, subs and shakes are all still there, as is the ice-cold draft beer.
The pavilion, with the latest in security systems, has been gentrified and the once busy dance hall has been revamped for summer entertainment.
Wine, Wine, Wine Though artists have often found inspiration in the classic, gentrified subject of wine, Thomas Arvid launched a major art trend two years ago when he debuted at Artexpo with his super-realistic paintings of wine.
There is much debate as to the value of a gentrified neighborhood, where higher income households displace lower income residents, often changing the character and flavor of the neighborhood.
Hannibal Square, a busy intersection on the gentrified west side of style-conscious Winter Park, Fla.
Meanwhile, we'll see more and more gentrification of the United States - more private schools, more people living in very special gated communities, and moving toward a gated, gentrified health care system.
In recent years decrepit cities looking for new revenue and a symbol of hope have gentrified their waterfront wharfs and warehouses with great fanfare.