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Gentrification Pros And Cons

1857 Words8 Pages

Recently, gentrification has become an epidemic that’s sweeping across big cities in the United States, from New York, Los Angeles, all the way to Austin. Where there was once a bunch of shabby suburb of low income homes is now a neighborhood of town homes. Gentrification is, “The process of renewal and rebuilding accompanying the influx of middle-class or affluent people into deteriorating areas that often displaces poorer residents.” locally, this epidemic is infecting Austin, more specifically, East Austin. East Austin is losing its culture and along with it, the people who created the East Austin culture. Gentrification in East Austin has detrimental effects on local artists, locals, and unfortunately, it has little solutions. Within …show more content…

The minorities of East Austin are being displaced, just like the artists. The once cheap location, now has condos with a monthly rent as high $1,200-$2,000. This is again because of gentrification. I personally witnessed a small 2 bedroom home sell for nearly half a million. My front door neighbors decided to take advantage of the real estate boom and sold their home to some entrepreneur who completely remodeled the place. What was once an old small ranch style house, is now a two story modern home that is completely unrecognizable. This poses the question, where does gentrification come from? How does gentrification …show more content…

Of course this brings lots of revenue into the city, and perhaps more safety to the once troubled neighborhood. CNN Money states that new job opportunities emerge with construction and new stores, homeowners benefit from rising property values, decline in crime, and even credit scores improve (Gillespie). According to a local on reddit, the East Austin area is a “shadow of what it used to be. It is gentrifying all to hell[...]”(Reddit user atreides78723). Perhaps this may keep locals there, according to Steve Conn in Boston and New York, the working residents prefer the cleaner, safer streets with more commercial retail opportunities and are willing to pay more to live in the gentrified

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In this article, “Gentrification”, by Sherman Alexie, the author tells a story about his neighborhood. The authors story was one where he thought he was doing the right thing but yet once he had done it, he did not feel good about it at all. The author shows how there is still racism in America and that can change the way people see things. The author shows this through a personal story that happened awhile back.

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Gentrification is the process of improving a struggling neighborhood for affluent people. One of the main causes of this shown by Kelefa Sanneh’s article “Is Gentrification Really a Problem?” , is the real estate market. Things that affect the value of something in a certain neighborhood can end up having a direct influence in all of the neighborhood and can lead to gentrification. The construction of a luxury apartment building can attract more businesses and in turn, more high-quality living spaces which could eventually displace someone living three blocks away.

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Pros And Cons Of Gentrification Real Estate Developers

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There has to be a realistic solution that can be put into motion to benefit everyone involved. Referring again to his article “Is Gentrification All Bad?” Davidson argues that urban renewal, if done right, is not a monstrous custom that it is painted to be; nevertheless, he reasons that gentrification depends on who does it, how they do it, and why they do it. As a resident in New York, a city where gentrification is as widespread as the common cold in winter, Davidson speculates that those who go into a neighborhood with the intention to renovate houses, or abandoned buildings ought to have a good reason for it. The author points out that “Gentrification does not have to be something that one group inflicts on another…” (Davidson 349), rather, he suggests that everyone, the gentrifiers and the locals, be on the same page when it comes to developing their

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Gentrification is "the process of renewal and rebuilding accompanying the influx of middle-class or affluent people into deteriorating areas that often displaces poorer residents." “It is a word which gets used a lot these days in regards to certain Houston neighborhoods, especially in some Inner Loop areas that were once considered rough parts of town.” One example of gentrification in the Houston is area is Montrose, due to the fact that the neighborhood uses to not be like it is now where it’s the lesbian and gay community. Each day there is more and more that joins the community. The Heights and Fourth Ward are two more towns in history that can be called gentrification.

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