Question

In your opinion, is gentrification good, bad, or neutral? What are the pros and cons of gentrification? Give an example of gentrification.

Answer 1

Gentrification is a good process as it gives the opportunity of upgrading a deteriorating neighbourhood.

Pros and cons:

Pros: Improvises housing

Generates revenue by increasing property value

Increase opportunities for other businesses

Source of maintaining the old charm the neighbourhood once had

Cons: Homelessness of the people told to move out

Increase in cost of living in such areas

Community resentment and conflict

Displacement of people

Example: Inner London