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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To assess how the existing residents fare in neighborhoods that gentrify, I examine how gentrification is associated with changes in their credit scores.
Over the past 10 years, though, the network's management has been trying to gentrify its stations, aiming for the niche formerly filled by the increasingly centrist National Public Radio.
In the teeth of attempts to gentrify the game, and to control its fans to the point of infringing on their civil liberties (in Britain, for example, through Margaret Thatcher's Football Spectators Act of 1989), soccer has remained a fierce expression of male working-class culture.
* "Gays and lesbians who gentrify a neighborhood aren't hurting anyone.