• The CDC (Centers for Disease Control and Prevention) defines gentrification as the “transformation of neighborhoods from a low value to high value.”
  • Urbanization is a phenomenon that resembles gentrification in that less affluent communities are displaced by more affluent residents.
  • Gentrification changes the character and cultural diversity of an area, often due to the destruction of aging buildings that are cheaper to replace than renovate.
  • Causes and effects. The reason gentrification is profitable has to do with big changes in the American economy.
  • Some of the cons of gentrification include displacement, cultural erasure and a spike in the cost of living, especially for underserved communities.
  • Government funds earmarked for urban renewal were commonly used to finance the wholesale gentrification of working-class or poor neighborhoods.
  • What is Gentrification? | REtipster.com.
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  • Some argue that gentrification has more pros than cons, and some speak in favor of negative aspects. It often boils down to a difference in political values.
  • However, when large companies with an upscale and specialized workforce move into an area, the result is more often gentrification.