Gentrification describes the migration of affluent individuals to a low-income area, which often causes displacement of the less fortunate residents. These newcomers migrate for several different reasons. Some simply desire to live in the city, while others are forced to relocate for their careers (Byrne 407). Others may want to live in a historic area filled with antique architecture (Campanella). Housing status usually plays an important role in buying the perfect home. Therefore, people sharing similar interests and values often cluster in one area (Biro 42). Due to the lack of housing, this results in conflict between the residents and the newcomers (Byrne 407). The Supreme Court case Village of Euclid v. Amber Realty Co. in 1926 allowed
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The newcomers have more money; they can afford local goods and services. As a result, more business is generated. New public services, such as libraries, are opened because they can thrive within the community. These services often provide jobs that do not require high education, generating employment opportunities for the lower income residents (Byrne 419). Research as shown that gentrification teaches mortgage lenders to trust urban homeowners. They tend to lend to those in profitable central cities (420). Once the affluent people renovate their homes or simply tidy up their property, the area becomes more attractive to other wealthier people. Therefore, the value of homes increase. This generates wealth creation for natives who own houses because “their abodes are now worth ten to fifty times more than their grandparents paid” (Campanella). Their homes are now assets with large appreciations (Bryne 426). The areas also have a greater variety of stores because businesses follow the middle and upper classes. Supermarkets, cafes, boutiques, and other retail stores become available (420). Jessica Biro states, “Improved conditions and higher standard of living in the neighborhood attract higher income residents who expand the tax base. This means that the government can pour more funds into schools and social programs to benefit underprivledged residents” (43). Once the economy is revised, the social aspect of the poor residents …show more content…
The lower class individuals are surrounded by more affluent people. Therefore, they are forced to interact with each other. Now that the government provides the community with more funds, it may receive new public services and improvements in neighborhood services (Byrne 423). The new affluent residents also reduce the crime rates. If the security or governmental authorities are not demonstrating their desired work, the higher class members file complaints until they witness a change in neighborhood’s security. The security in the area may improve because of the higher taxes as well (423). The gentrified area’s education system usually improves as well because mayors realize it increases the number of people willing to migrate to urban neighborhoods (424). The children of the less fortunate often perform better when surrounded with children from an affluent family because they are a source of motivation (424). The children may develop a better work ethic and hope for a better future. The newcomers may revive the area’s local customs and traditions, as Richard Campanella states about those who migrated to New Orleans after Hurricane Katrina. Gentrification provides more and better opportunities for the poor residents in the
The newcomers have more money; they can afford local goods and services. As a result, more business is generated. New public services, such as libraries, are opened because they can thrive within the community. These services often provide jobs that do not require high education, generating employment opportunities for the lower income residents (Byrne 419). Research as shown that gentrification teaches mortgage lenders to trust urban homeowners. They tend to lend to those in profitable central cities (420). Once the affluent people renovate their homes or simply tidy up their property, the area becomes more attractive to other wealthier people. Therefore, the value of homes increase. This generates wealth creation for natives who own houses because “their abodes are now worth ten to fifty times more than their grandparents paid” (Campanella). Their homes are now assets with large appreciations (Bryne 426). The areas also have a greater variety of stores because businesses follow the middle and upper classes. Supermarkets, cafes, boutiques, and other retail stores become available (420). Jessica Biro states, “Improved conditions and higher standard of living in the neighborhood attract higher income residents who expand the tax base. This means that the government can pour more funds into schools and social programs to benefit underprivledged residents” (43). Once the economy is revised, the social aspect of the poor residents …show more content…
The lower class individuals are surrounded by more affluent people. Therefore, they are forced to interact with each other. Now that the government provides the community with more funds, it may receive new public services and improvements in neighborhood services (Byrne 423). The new affluent residents also reduce the crime rates. If the security or governmental authorities are not demonstrating their desired work, the higher class members file complaints until they witness a change in neighborhood’s security. The security in the area may improve because of the higher taxes as well (423). The gentrified area’s education system usually improves as well because mayors realize it increases the number of people willing to migrate to urban neighborhoods (424). The children of the less fortunate often perform better when surrounded with children from an affluent family because they are a source of motivation (424). The children may develop a better work ethic and hope for a better future. The newcomers may revive the area’s local customs and traditions, as Richard Campanella states about those who migrated to New Orleans after Hurricane Katrina. Gentrification provides more and better opportunities for the poor residents in the