Gentrification Pros And Cons

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Loata Fine
Senior Research Paper (Draft #1)
Ms. Paraiso
17 December 2014

Summary
Gentrification creates a socioeconomic issue that contributes to a major decline in low-income communities of color and disruption of cultural development. This process involves investing in low-income neighborhoods that allow higher-income people to move in and reap the benefits of the improvements while the poor individuals are displaced due to unaffordable housing. To avoid the negative impacts of gentrification, cities must maintain affordable housing prices and establish forums to ensure that the old and the new cultures are preserved and developed in harmony.

Context
Gentrification is an ongoing discriminatory process in which low-income communities are being revitalized through urban development causing more affluent individuals to enter that community and …show more content…

Urban development influences the city to meet the demands of the more affluent individuals. The economy boosts, and the entire culture of the city is transformed. Money talks, and since the wealthy class moves in the are able to afford luxuries that the city must provide and they have low tolerance on funds for the homeless population and low-income individuals. “Housing market dynamics appear to play a critical role in producing gentrification, though these dynamics vary from location to location... On a more conceptual level, gentrification may reflect that previously unrecognized value in a neighborhood—quality housing stock, accessibility and proximity to downtown and/or other attractive neighborhoods—is now being recognized.” Gentrification displaces the black and brown communities and renew that city into a place that includes much more affluent people. This is unjust for the poor people because they are not given the chance to go against the forced displacement and they just cannot afford to do

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