What is gentrification and why is considered bad?
In: Economics
The turning of a “bad” area to a “good” area. Usually rich, white people move into a socially undesirable area (lots of crime reports, poor infrastructure, etc.) then begin making it a socially desirable area (better schools, more parks, high-end restaurants, etc). This drives up the price, eventually pricing out the people who lived in there first when it was a socially undesirable area.
It is bad because it forcibly removes people out of their homes (that could have been there for generations!) for the aesthetic of the rich to come and enjoy or “start a new life”. So, depending on how you look at it, is a good thing for the rich so they can have more areas and not be scared of the socially undesirable areas. But is awful for the people who live in the socially undesirable areas, because to them, it is home and they are, usually, poor and cannot afford to move places like the rich can, will, and have.
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