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.”

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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Living in a neighborhood that gentrified between 2000 and 2007 is associated with about an 8 point higher increase in credit score compared to living in a low-price neighborhood that did not gentrify.
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.
Hogan traces the history of the branches and factions in this inner-city suburb of Sydney as it changed from working class industrial heartland to gentrified latte-and-chardonnay territory.
Ristoranti and lounge bars in the gentrified Quadrilatero Romano district like AB+ (www.progettocluster.com) are as sleek and chic as any you'll find in New York or San Francisco.
Before Disney gentrified Times Square, Hollywood's Others performed at the Show Palace, Show World, the Follies, and Magique.
His balanced views on a galling problem--he rejects the notion that gentrified new men either notably inspired economic growth or caused economic decline--are persuasive; moreover, his evaluation of current literature substantiates these conclusions.
to perform an ollie." Oxford also refers to itself as "the definitive record of the English language." 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.
(Since Shakespeare's lack of a university education has often been advanced by anti-Strarfordians as evidence that he could not have written the plays and poems, she makes the telling point that Ben Jonson, whose classical learning far exceeded Shakespeare's, did not go to one either.) 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.