Many examples of gentrification exist across the country, especially in large cities like Washington D.C. and New York City. There are many factors that contribute to the existence of gentrification. And there are many social and economic consequences of gentrification. Often times referred to as a double-edged sword, gentrification has both positive and negative effects. It is almost impossible to completely ignore the negative effects of gentrification. The economic advantages of gentrification cause city officials to embrace the process. The disadvantages of gentrification make it a dreaded experience for displaced residents. Gentrification in Washington, D.C. often shows an increase of white residents, decrease in black and senior citizen populations, more educated individuals with higher incomes, and higher housing and rental prices. The low-income and minority groups are most affected by gentrification. They become displaced residents by way of the increased cost of housing and the subsequent increase in property taxes. Gentrification can cause tension between new arrivals and long-time residents, but depending on which party one is affiliated with, gentrification can be viewed as a normal and positive change in the cycle of a city or the process that changed a place one once called home. Whether it is viewed as positive or negative, there is no doubt that gentrified areas are becoming important parts of cities
Many examples of gentrification exist across the country, especially in large cities like Washington D.C. and New York City. There are many factors that contribute to the existence of gentrification. And there are many social and economic consequences of gentrification. Often times referred to as a double-edged sword, gentrification has both positive and negative effects. It is almost impossible to completely ignore the negative effects of gentrification. The economic advantages of gentrification cause city officials to embrace the process. The disadvantages of gentrification make it a dreaded experience for displaced residents. Gentrification in Washington, D.C. often shows an increase of white residents, decrease in black and senior citizen populations, more educated individuals with higher incomes, and higher housing and rental prices. The low-income and minority groups are most affected by gentrification. They become displaced residents by way of the increased cost of housing and the subsequent increase in property taxes. Gentrification can cause tension between new arrivals and long-time residents, but depending on which party one is affiliated with, gentrification can be viewed as a normal and positive change in the cycle of a city or the process that changed a place one once called home. Whether it is viewed as positive or negative, there is no doubt that gentrified areas are becoming important parts of cities