gentrification

(redirected from yuppification)
Also found in: Dictionary, Thesaurus, Encyclopedia.

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.”

Mentioned in ?
References in periodicals archive ?
"In the last few years I've seen the yuppification of the Anglesey countryside, with people coming in with their 4x4s and commuting to the mainland.
The agency says people are even making inquiries about possible downtown apartments, a sure sign that Johannesburg's 'yuppification' is under way.
This reduced staffing is understandable in part, given labor's decline as a portion of the overall workforce in recent decades, but it also reflects the "yuppification" of many newsrooms.
We have already heard many complaints, especially at the Midwest Renewal Energy Fair, about the "excessive costs" and yuppification of everything from solar ovens to solar panels.