ipl-logo

Pros And Cons Of Gentrification Real Estate Developers

950 Words4 Pages

The stakeholders who are involved and/or affect by gentrification Real Estate Developers
Residents
Bronx Borough President Ruben Diaz Jr.
Policy Maker
Landlords
Investors
Is gentrification a good day or bad thing?
Well, it depends on who you are asking. The real estate developers, investors, and landlords see gentrification as a something positive with increasing profit and value of properties in the area.
While the longtime resident's half see it as something that can be good with the old rundown houses being fixed up, reduction in crime, increasing property value and new shops popping up, they also fear the worse. From the policymaker's perspective gentrification also has several positives. It can reduce vacancies as those abandoned and rundown homes get bought and fixed up, declining neighborhoods become stabilized and diverse and all with no government involvement.
While gentrification is neither all negative nor all positive, the negatives for the most vulnerable are those with the worst fear, the fear of being pushed out of their homes, the residents. The borough president who is currently up for election in the fall has made some Bronxites feel that he has …show more content…

Diaz does state that gentrification is bad his borough does not feel that he is representing the residents in the matter. Fast forward to 2017 Ruben Diaz Jr. has served as Bronx borough president since 2009 and is up for reelection in the fall. He has spoken with City & State on the biggest projects that are currently in the works. And delivering for Bronxites. Mr. Diaz was asked a question during the Q&A session of how concerned is he that the influx of development projects in the Bronx will lead to gentrification and displacement of Bronx natives? He stated that he has watched and learned what other boroughs have done during their gentrification and has seen what not to do. "Gentrification does not have to mean that a good thing is happening here just for other

Show More
Related

Summary Of Gentrification Sherman Alexie

368 Words | 2 Pages

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.

Read More

Summary Of Is Gentrification Really A Problem By Kelefa Saneh

769 Words | 4 Pages

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.

Read More

Gentrification All Bad Justin Davidson Analysis

1841 Words | 8 Pages

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

Read More

The Short Film Losing Reachs Of Albina

934 Words | 4 Pages

It has been clearly established that gentrification does help revitalize once decrepit areas of a city, often creating new job opportunities, raising the value of properties, and creating cool, new areas to explore and enjoy. But we cannot mention the topic of gentrification without also mentioning the mass amounts of displacements of people. Gentrification clearly disproportionately benefits affluent, and often white people, while hampering the low-income and communities of color. This brings us back to the central question surrounding this topic, is gentrification a positive or negative process taking place in Portland? After understanding that an overwhelming amount of evidence points to gentrification as a negative process affecting Portland, we clearly see that the negative factors attached to gentrification outweigh the positives.

Read More

Summary Of A Better New York City Housing Budget

457 Words | 2 Pages

This article also demonstrates the importance of properly planning budgets ahead of time. The article shows that the previous mayor, De Blasio, may have overspent on the old planning budgets, leaving little room for the new budgeting plans. My opinion on this article is that it is good that New York is looking for new ways to expand on the housing shortage without using excess capital. One of the ways that they are planning to do this is through “ambitious zoning changes” to help initiate housing growth without the help of government subsidies. It’s also good that the government is so focused on the housing shortage as it is a very big issue that many people are facing within New York and the U.S. as a whole.

Read More

Kozol's Amazing Grace Analysis

1367 Words | 6 Pages

Gladwell explained that “Black Americans are much likely to stay in place and much less likely than whites to engage in contextual mobility” (Gladwell, 2015,p.3). Since South Bronx is mostly African Americans and Hispanics, not much contextual mobility occurs within this community and that results in not many changes in circumstances or opportunities for these people. The only move they do proceed in doing is referred to as “churning” as Gladwell puts it and only do so if the house is unlivable. These people don’t seek for a better lifestyle, but they are forced into this better lifestyle.

Read More

Discuss The Pros And Cons Of Gentrification

164 Words | 1 Pages

In Vancouver's case it is a good thing gentrification is happening. By redeveloping the area businesses want to invest

Read More

Gentrification Code Words Essay

455 Words | 2 Pages

Many proponents as well as advocates of gentrification like to use in many regard as code words to back up their claim that gentrification brings “revitalization” “urban renewal” and more importantly “enhances” the community. However, these are what many who are critical of gentrification deem to be “ code words”, because they appear to be ones that exude positivity when they are in fact not expressing the full story of the argument, because underneath this creeping positivity. There still exists this form of stereotyping that minorities, or those from lower socioeconomic means cannot create something that is unique or successful on their own. Furthermore, what existed in their communities before gentrification was one that brought little to no value to society.

Read More

Gentrification Doesn T Displace Lower-Income People

589 Words | 3 Pages

What does Gentrification mean? Gentrification is a transformation process that typically occurs in urban neiborhoods or areas. When Higher-income people move in and displace Lower-income existing residents to make places look modern. This is important because it effects Lower-income people because they get sent, forced, or just move out to a poor place, but gentrification has been associated with some positive, such as urban revitalization and lower crime rates, critics charge that it marginalizes racial and ethnic minorities and destroys the character of urban neiborhoods. My Thesis is that Gentrification should be done but Higher-income people shouldn’t replace Lower-income people just because they don’t have the money to make their places more modern, I know modern is better but we should be fair with everything.

Read More

Annotated Bibliography: Gentrification And Urban Public School Reforms

927 Words | 4 Pages

It defines gentrification as the influx of middle class white residents into cities with large minority populations. This situation is reversing a decade old trend where whites were moving out of urban schools. Local officials are in support of gentrification because it provides an opportunity to racially integrate urban schools. The article suggests that some officials are implementing certain policies with the purpose of making the schools more attractive to gentrifies. It argues that such reforms harm poor and minority

Read More

Segregation In The 1900's: A Historical Analysis

1074 Words | 5 Pages

This was the rising tide of racism. When integration initially began, the government enforced redlining, which is a rating procedure devaluing racially integrated neighborhoods. Today, government officials have developed modern form of housing segregation, gentrification. Surveys and interviews geared to testing constituents knowledge on the term, have resulted in an over simplistic view of what gentrification is. Gentrification is more complex than “revitalizing neighborhoods” and “the restoration of classical styled homes”, Gentrification is the process in which higher income and higher economic and social status people relocate to disinvested, low income neighborhoods and promote the capitalization of the property value.

Read More

Essay On Housing Discrimination

1517 Words | 7 Pages

Maintain status quo. According to a survey of mayors, most of them expressed desire for higher housing values. For them, the ideal neighborhood is “older areas that have maintained housing values.” In light with economic imperatives and logic, mayors need to prioritize economic growth.

Read More

Gentrification Informative Speech

1145 Words | 5 Pages

In this speech, I will begin by explaining what gentrification is along with a short background on the Lincoln Park gentrification, then I will proceed to explain how the families in these areas fought for their homes, and finally I will be discussing the gentrification that is affecting citizens of Chicago today. Body I. Gentrification is the process of renovating an area to meet the standards of a different social class, typically the upper middle class. Throughout this process the price of renting and owning a home increases while family owned businesses become bankrupt. Low-income families are left homeless and without the support of a

Read More

Argumentative Essay On Gentrification

502 Words | 3 Pages

Gentrification is the process of renovating and improving a house or district so that it conforms to middle-class taste. Real Estate investors usually take low-income places that they feel have a chance to prosper economically, and turn them into areas that attract the middle and upper class workers. In doing so they feel like the low-income areas will be safer and more appealing, attracting more people to visit and live there. An improvement to a poor district sounds beautiful, but is gentrification as great as it’s sought out to be? Many residents have their doubts about gentrification due to the idea that the costs of their living will go up and they will be driven out of their neighborhoods.

Read More

Gentrification And Comparison Of Two Cities Similarities

3049 Words | 13 Pages

In areas like Park Slope, which was going through the gentrification process before the other parts of Brooklyn, was seen as an area with a lot “potential” to the middle class that was looking to work closer to the city (4). New York City also gave tax redemptions to people who lived in these areas or use these areas for private interest (4). People hearing this in the suburbs will slowly start to look to buy these houses in these areas since they will get tax redemptions and a potential to sell the houses in these areas for more they purchased making them more money. This will peak the interest for people to make more money rather than making a more livable city for all classes. This is seen in the borough of Barnsbury in London where landlords were starting to see tenants as unprofitable.

Read More

More about Pros And Cons Of Gentrification Real Estate Developers

Related Topics

Open Document