Gentrification is basically a generic term for the arrival of the wealthier people out there in a pre-existing urban district, a relatable rise in the rents and the property values, and the alteration in the culture and character of the district.
This term is often used negatively, suggesting the displacement of the poor communities by the rich outsiders out there, but, the effects of gentrification is complex and also contradictory, and its real impact varies.
There are many aspects of gentrification which are desirable. It is a known fact that everyone would like to experience reduced crimes, new and increased investments in the building and the infrastructure, and increased economic activities in the neighborhoods.
But, unfortunately, the benefits of those modifications and changes are generally enjoyed disproportionately by the new arrivals, whereas the established find themselves socially and economically marginalized.
pros of gentrification
You will experience the atmosphere of the communities begin to lift up:
The people who come into the communities tend to have a lot of energy and the credit goes to the gentrification process.
These are many folks out there who grab a cup of coffee on their way to work, film various low-budget documentaries about their lives, and also try to create some experiences that are cool and trendy for everyone out there.
You would find a conversation waiting for you on almost anything regarding the current events in those neighborhoods.
It creates new options for retail outlets, foods, and jobs:
When the gentrification process starts, you will see that various new buildings and storefronts begin to pop up all around the neighbourhood. This shift in the perspective can provide a number of new options for restaurants, retail opportunities, and new hangout spots.
Also, It can even be the foundation for many new jobs in the community that has been lacking them in the past.
As new people of new backgrounds begin to come into the area, you can see that the local boutiques, coffee shops, and thrift stores all tend to shift their products and offerings in order to create the potential for further more revenues and growth.
Gentrification can build new housing opportunities:
When the processes of gentrification are emphasized for the community, then you can see that the buildings developers and the contractors are buying properties at a much lower price in order to improve and develop them over time.
This process tends to create a new environment for the neighborhood, which can attract many wealthier buyers that shift the emphasis of the communities.
You will see that the new buildings begin to emerge from the old ones, giving an upgraded look that encourages the process of recycling, minimize waste, and can even initiate to encourage the crime rates to drop in many areas.
You will experience cleaner neighborhoods with the help of gentrification:
Communities become more attractive to those people with higher levels of wealth and when there is less rubbish lying around the neighbourhood. The process of ‘gentrification’ tend to clear the streets of a neighborhood in order to make sure that there is a correct level of cleanliness around the surroundings.
Everyone tends to experience the various benefits from these processes because when the garbage is left to lie around, this is when the pests, insects and various other germs can begin spreading disease.
Moreover, those who have more wealth and money, can go for better and more effective services of gentrification in order to take the available sanitation to the next level.
Gentrification produces new activities and events to try out:
There are always new opportunities defined in the areas that tends to experience ‘gentrification’. These neighbourhoods actually experience a rise in the mixture of interest-centred clubs or events that are generally family-friendly.
There might be new literature or some clubs that may help you just begin making new friends.
It is a good opportunity to try something out that would normally be outside of one particular comfort zone. One even has the opportunity to create new projects that are completely his or her own.
Public safety gets better because of the gentrification process:
When people invest their money in a new community, they want their streets and roads to be safer and better. No one would ever want to be robbed when they are walking around their homes from work.
The process of gentrification tends to encourage new resources out there to come into the community that can pay for additional neighborhood watch programs, police, and advanced security systems which will protect everyone quite effectively.
Cons of the neighborhood:
It alters the cultural standards of the neighborhood:
Gentrification is certainly not only about the new various folks who can help a neighborhood. This process tends to force some changes on each and everyone who already lives in that area that is being gentrified.
Instead of trying to continue the prevalent culture which already exists, it overrides what is already there to cultivate a yet new standard of normalcy.
Gentrification can sometimes make the community poorer:
Although the gentrification process intends to improve the economic and social conditions of the community, the opposite can sometimes also occur. This change tends to take a negative form when the new members out there of the neighbourhood have a preference for the brand names, franchise stores, and the overall convenience.
The mom-and-pop shops which usually dominate these areas before the gentrification often struggle to stay in the business because they cannot compete on the same economical scale.
It raises the cost of the rent when it happens:
The process of gentrification tends to increase the cost of rent in a drastic manner. Sometimes, the costs are so high that the average household cannot afford in the city.
Unless the rent controls placed on the new dwellings that increase when a community is being gentrified, the families who may have lived in that area for years are suddenly forced to find a new place for themselves to live.
The newcomers are not even trying to merge themselves in the pre-existing community. They rather want to make it their own.
Gentrification removes the people who created the community:
The primary reason that gentrification becomes a “con” for many communities is that it typically removes the people who built them in the very first place. When these people leave, you tend to lose the soul of the neighbourhood.
Although there are several retail benefits to consider, along with some additional job opportunities, there is certainly a different experience when a mom-and-pop coffee shop gets replaced with a Starbucks.
It causes the rich to get richer and the poor become poorer:
When the various low-income households are forced out of their neighbour, their lifestyle begins to drop. The rising costs of the new place causes the working poor to have a longer commute to work or school and this means that they still pay more, but now have fewer resources because of gentrification.
Gentrification is the process run by a private sector:
Sometimes, the situations end up becoming a public-private partnership. Gentrifying is almost always run by the private sector itself. That means that only the community outreach programs or the low-income household growth are the efforts that can lead to future profits.
Almost everything in the world comes with some positive and as well negative aspects and so does ‘gentrification’. Above are the most important and often-discussed pros and cons of that process.