Defining the Meaning of Gentrification

Gentrification
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Gentrification
Introduction
Gentrification involves the process of changing the characteristics of a poor urban area by wealthier people moving in, improving the residential house, and attracting new businesses. Most time, gentrification involves the displacement of existing inhabitants with new wealthier residents. To most people, gentrification is intrinsically harmful since when wealthier people move into the neighborhood, it is an indication that lower-income people have to move away or suffer from higher rents and loss of community. However, most studies have shown that in the long run, gentrification creates substantial benefits to residents of low-income neighborhoods and even causes slight displacement (Cortright, 2019). Therefore this paper will discuss whether it is true that gentrification makes neighborhoods safer and improves the lives of people who reside in the targeted neighborhood. Also, it will explain the pros and cons of gentrification and its effect on crime.
Gentrification makes neighborhoods and improves Lives.
City Observatory article captures a new study done by the Davin Reed of the Philadelphia Federal Reserve Bank and Quentin Brummet of the University of Chicago to disprove the prevailing negative view of gentrification (Cortright, 2019). According to this study, the negative perception of gentrification is fundamentally wrong since gentrification is beneficial for long-time residents. The study showed a slight distinction in out-migration rates between a gentrifying neighborhood and a similar neighborhood that was not gentrifying. The researchers expected that 60 % of educated, less educated residents would move out of non-gentrified low-income neighborhoods within a decade, compared to 66% of less-educated residents in gentrifying neighborhoods. Besides, people who left gentrified neighborhoods were not expected to move to worse neighborhoods than the destination of households moving out of the poor non-gentrified neighborhood. The researchers showed that the demographic composition of the gentrifying neighborhood, post-gentrification, remained highly mixed, constituting most less-educated renters and homeowners. The study also showed that less-educated renters who remained in the gentrified neighborhood did not experience high rents. Overall, Brummet and Reed's study portrayed that gentrification was a good thing for low-income residents, objecting to most research findings that denote gentrification's negative impact on the poor neighborhood. When related to this paper's readings and power points, it is appropriate for gentrification to be presented to the public to make neighborhoods safer and improve the lives of people who reside in a targeted neighborhood.
It is necessarily true that gentrification leads to changes in central and disadvantaged neighborhoods that improve people's lives and make the targeted neighborhood safer. According to Doucet (2009), gentrification can bring distinct changes to the character of a neighborhood. Gentrification can transform a run-down working-class and decaying area into a trendy, prosperous middle-class neighborhood within a short peri...