13 Facts About Gentrification

Gentrification is the process of changing the character of a neighborhood through the influx of more affluent residents and businesses.

Gentrification often sees a shift in a neighborhood's racial or ethnic composition and average household income as housing and businesses become more expensive and resources that had not been previously accessible are extended and improved.

Gentrification process is typically the result of increasing attraction to an area by people with higher incomes spilling over from neighboring cities, towns, or neighborhoods.

Gentrification's used it in 1964 to describe the influx of middle-class people displacing lower-class worker residents in urban neighborhoods; her example was London, and its working-class districts such as Islington:.

Gentrification is a housing, economic, and health issue that affects a community's history and culture and reduces social capital.

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Gentrification asserts that restructuring of urban space is the visual component of a larger social, economic, and spatial restructuring of the contemporary capitalist economy.

Gentrification provided a means for the 'stylization of life' and an expression of realized profit and social rank.

Gentrification, according to consumption theory, fulfills the desire for a space with social meaning for the middle class as well as the belief that it can only be found in older places because of a dissatisfaction with contemporary urbanism.

Gentrification is integral to the new economy of centralized, high-level services work—the "new urban economic core of banking and service activities that come to replace the older, typically manufacturing-oriented, core" that displaces middle-class retail businesses so they might be "replaced by upmarket boutiques and restaurants catering to new high-income urban elites".

Gentrification has been substantially advocated by local governments, often in the form of 'urban restructuring' policies.

Gentrification is not a new phenomenon in Britain; in ancient Rome the shop-free forum was developed during the Roman Republican period, and in 2nd- and 3rd-century cities in Roman Britain there is evidence of small shops being replaced by large villas.

Gentrification can promote neighborhood revitalization and desegregation because of this a gentrification-as-integration model has been supported to stop population loss, and rebuild low-income neighborhoods.

Gentrification has been called the savior of cities from urban crisis because it has led to urban revitalization, which promotes the economy of struggling cities.