18:13
Babycat are you drinking the chemical waters
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
gentrification
Read a random definition: Mesne Profits
A quick definition of gentrification:
Term: GENTRIFICATION
Definition: Gentrification is when rich or middle-class people move into a poor neighborhood and make it nicer. They fix up old buildings and make the area more attractive. This often causes the cost of living to go up, which can force poor people to move away.
A more thorough explanation:
Definition: Gentrification is when middle-class or wealthy people move into a run-down urban neighborhood and fix it up. This often leads to higher property values and can force lower-income residents to move out.
Example: In Brooklyn, New York, many artists and young professionals moved into the neighborhood of Williamsburg in the 1990s. They renovated old buildings and opened trendy shops and restaurants. As a result, property values skyrocketed and many long-time residents, who could no longer afford the higher rents, were forced to move out.
Explanation: The example shows how gentrification can lead to the displacement of lower-income residents. The influx of wealthier residents can drive up property values and make it difficult for long-time residents to afford to live in the neighborhood. This can lead to a loss of community and cultural identity as well as social and economic inequality.