The Pros And Cons Of Gentrification

Gentrification is a widely discussed process that, in its showy efforts to restore the deteriorated areas of cities, has a range of deleterious consequences that unquestionably overcome the possible advantages. This system’s negative impact is reflected in the displacement of long-term residents, cultural homogenization, and aggravation of socio-economic inequalities, which indicates the need for a more just approach towards urban development. Hence, arguing that gentrification compromises social justice and prescribes fragmentation of society and intensification of the existing cleavages, it rightly becomes a matter of serious concern in any society that seeks to embrace progressive change and social justice for all. Gentrification usually

Residential relocation means that a person leaves home and community and thus experiences loss, stress and being powerless. The above authors mentioned in their study that displacement is therefore a root shock that leaves deep emotional and psychological impacts on the displaced individuals and communities, according to Fullilove, (2004, p. 11). These effects are especially true for the older residents as it becomes more difficult for them to mentally adjust to the new environment and recreate their social circle. However, gentrification has been cited to worsen the already existing racial disparities due to the type of people that get priced out of the process. As for the social and economic consequences of displacement, people from minority groups experience them in a more severe manner. Hyra (2017) stressed that, in many cases, gentrification entailing African American neighborhoods is accompanied by acute demographic changes that decrease the black population’s political and cultural power (pp. 1). 134–135). The. This loss can put minority groups into further isolation and issues of race and justice will not be served. It is for this reason that gentrification has the potential of promoting longer term shifts in the development and planning of the urban spaces. The reliance on attracting those with greater earning capacity may

Among the policy measures are the following strategies: predefined rents, affordable housing benchmarks and CLT’s. That is why such measures are intended to avoid people becoming homeless, in addition to making the benefits of the urbanization process much more equally distributed. As Slater points out, active engagement in striving to obtain CB development can be recognized as the identified method that might contribute to mitigating the cost of gentrification and generating equitable city environments (p.