gentrification

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gentrification,

the rehabilitation and settlement of decaying urban areas by middle- and high-income people. Beginning in the 1970s and 80s, higher-income professionals, drawn by low-cost housing and easier access to downtown business areas, renovated deteriorating buildings in many cities, reversing what had been an outmigration of upper-income families and individuals from many urban areas. This led to the rebirth of some neighborhoods and a rise in property values, but it also caused displacement problems among poorer residents, many of them elderly and unable to afford higher rents and taxes.

Gentrification

English term for the process by which young professionals (gentry) buy into inner-city areas as part of a neighborhood preservation trend.

gentrification

the renovation and upgrading of buildings, either by programmes of planned urban regeneration or as a result of purchasing decisions made by higher-earning, white-collar, professional and managerial individuals intent on modernizing cheap, dilapidated property in previously unfashionable urban areas. Whether gentrification is planned or unplanned, the poorer sections of the community are often displaced or their needs discounted. The process is also sometimes known as urban recycling.

gentrification

The upgrading of urban property in a deteriorated area, usually resulting in the dispersal of the current residents and their replacement by a more affluent population.
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As I watch that neighborhood gentrify, and the projects are torn down for condos it dawned on me that there is a show here the world will love to see.
The bed, which bore the crest of the Pughs of Llanerchydol Hall, Welshpool and dates from around 1835, was made for David Pugh, who is believed to have commissioned John Adey Repton in 1820 to gentrify the house.
Furthermore, interesting patterns emerge when I compare changes in the credit scores of the residents of neighborhoods that gentrified to those that did not gentrify, based upon whether the residents had a mortgage in 2001.
Living in a neighborhood that gentrified between 2000 and 2007 is associated with about an 8 point higher increase in credit score compared to living in a low-price neighborhood that did not gentrify.
The purchase price of $250,000 per unit is a record breaking price for the area, according to brokers, who note that, with the ongoing Columbia Unviersiary exoansion, these areas continue to gentrify and rents continue to rise.
And The Atlantic recently addressed the interesting question, "When Neighborhoods Gentrify, Why Aren't Their Public Schools Improving?