Gentrification: Pro's Con's Essay

1814 Words Oct 20th, 2008 8 Pages
Many of our ancestors have arrived to this nation with aspirations of living a life of success. Indeed this is the land of the free and the home of the brave but according to gentrification, which is the removal of lower class citizens through property renewal, the increase in cost of living and demographic shifts, it feels as if we are living in the exact opposite. Gentrification indeed has had some advantages but overall it has led to the increase of the homeless population, the loss of culture, and other social issues. Although in this day of age, gentrification maybe impossible to prevent since capitalism is what move us, regulations should be enforced to diminish this demon.(Watt)
The historic root of the word gentrification, arrives
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My grandmother belongs to a neighborhood enriched with many family owned, otherwise known as “ma-and-pa,” grocery markets and restaurants. These independent businesses are beneficial to my grandparents and other locals since they are in the center of town, making it walking distances for many. My grandparents are quite old now and having grocery stores at walking distances if extremely convenient. But during the last year or so, great changes have been occurring in the city of Azusa. These “ma and pa” business which served the community for years, are now being bought out and replaced by upscale town houses and parking structures for an upcoming Target retail store. Several houses around my grandparent’s home have been bought out as well and are now condos selling for unimaginable prices. Gentrification is slowly making its way to my city and the people being affected are residents of the cities both old and new such as my grandparents.
Another factor that inspires gentrification to happen would be redlining. Redlining is denoted as being a discriminatory process where services such as healthcare, insurance, and bank loaning is denied or increased in cost towards an ethnic group. Redlining becomes a discriminatory practice when corporate America refuses to lend money or credit in these “struggling areas,” refraining residents from owning property. (Schwarzer) This may sound vague and unrealistic

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