Saturday, October 26, 2013

Gentrification Readings

In the three articles I have readied this week, the gentrification in the articles had three main points:
1) new business and housing entering into a low-income community try to improve it by the try to attacked wealthier future resident.
2) because the wealthier people and business are in the community it causes the property taxes and prices to go up which in turn hurts the old low-income residents because they can not pay those kinds of prices." A neighborhood that is gentrified can become a "victim of its own success."
3) the low-income residents are force to move out of there house. "When prices go up, tenants are push out, whether through natural turnover, rent hikes or evictions. When buildings are sold, buyers often evict existing tenants to move in themselves, combine several units, or bring in new tenants at a higher rate.

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