gentrification

     

Gentrification, or urban gentrification, encompasses a number of processes of change in emographics, land uses and building conditions in an area, accompanied by rapid increase in a neighborhood's property prices and influx of investment and physical remodelling and renovation. In many cases, the lower-income residents who originally lived in the neighborhood have to move out of the neighborhood because they can no longer afford to live there.

Trivia about gentrification

  • An area that goes upscale, driving out low-income folks & maybe some character, is undergoing this
  • San Francisco's mission district has undergone this process often signaled by the opening of a Starbucks

Found pages about gentrification