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The Negative Effects Of Gentrification

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The best solutions to the aforementioned problems, is for the general public to become informed, to support policies beneficial to marginalized individuals, and to encourage those most affected to advocate for themselves. There is no need for an intensive plan of action, but there is a need for residents to be aware, and to make adjustments as they see fit.

Introduction

Gentrification is a recurrent problem in modern societies across the globe. It is a complex and highly nuanced subject, with a multitude of factors playing into its effects. The following analysis addresses the social (marginalization of minorities, impact on demographics, and quality of education), economic (increased rent, positive inclinations in …show more content…
Though boosted property values and monetary circulation within an area are beneficial to the community, the methods often lead to marginalization and dislocation of lower income individuals. This results in a vicious cycle of poverty and alienation.

Setting off a succession of favorable and not so favorable effects, gentrification is commonly referred to as a double-edged sword. Though it is not possible to negate the adverse effects of gentrification entirely, diminishing the less desirable symptoms that are presented is attainable.

Gentrification occurs in two ways: large business renovations and transfer of home ownership. In both situations, the pursuant party seeks property ownership in these areas because they can take advantage of the comparably low real estate prices. In the figure shown below, we see how complicated the process is that properties go through when switching hands. Only one pathway guarantees the security of a lower income individual, meaning that in all other situations, they are forced to relocate. (Figure 1, Stroz)
Statement of …show more content…
These uprooted residents have frequent difficulty in locating adequate accommodations in a similar price range to what they were paying prior to displacement. Unfortunately, this often leads to a detriment in quality of life due to debt, insufficient housing, and homelessness. It very common to see businesses displaced in the same way, as chains and high budget developments replace older residences and locally owned

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