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Weigh in on the gentrification debate, identifying one positive and one negative associated of this issue....

  • Weigh in on the gentrification debate, identifying one positive and one negative associated of this issue. Is this a viable means of redevelopment?
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Gentrification is when a deteriorating / low income neighbourhood is revitalized. Local governments, realty firms & other firms invest in new housing & retail in order to attract the upper middle class. Now, the once destitute, crime-stricken locality is a prosperous utopia of economically stable, chic , young singles & duos. Sounds nice, right? But, there’s a big issue associated with gentrification. Low-income households are compelled to move out & the upper middle classes, mainly white, move in. Whilst gentrification can advantage a region by reducing crime, enhancing the economy, & augmenting property values & taxations, it can have the negative impacts of pricing out ex-residents, modifying the community’s culture, & bringing about resentment

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