Essay On The Pros And Cons Of Gentrification

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Gentrification can be defined as the cultural, economic, social, and physical occurrence in which middle to upper class citizens essentially moves into a declining neighborhood/area, at the cost of replacing and/or displacing the original residents. It has been a controversial topic for quite some time now, and the debate for it only continues to grow. On one side, there are those who say the process is a beneficial one, describing it as something that makes cities safer, nicer to live in, and economic value. This is understandable, since an area that goes through gentrification is “renewed” in a sense. However, this is a very superficial way of thinking. While gentrification may have its benefits, I believe this system of renovation is largely …show more content…

The whole idea of urban renovation is a business in itself. Much like how a realtor flips houses, this process is the flipping of entire areas: “It . . . encourages middle class people to buy housing units in declining neighborhoods” (Komakech and Jackson 415). Eventually this would attract more affluent people, increasing the value and attraction of the area, which would only increase once the process is set in option. Economics is a large part of gentrification, and it is the biggest reason for its success. The main attraction that urban renewal has on the state and companies is its potential to become a money making machine. As areas are being renovated, they conform to the wants of more affluent and creative classes. However, this gets in the way of the lives of native residents who are in gentrifying neighborhoods. A prime example of this would be Morris Komakech’s and Suzanne Jackson’s work A Study of Small Ethnic Retail Grocery Stores in Urban Renewal in a Social Housing Project, Toronto, Canada. Essentially this study was a number of interviews of residents of Toronto, specifically Regent Park, as well as …show more content…

Consequently, a city or area begins to lose its identity and uniqueness. This is due to one main factor. In his book The Rise of the Creative Class, Richard Florida states that the “driving force is the rise of human creativity as the key factor in our economy and society. Both at work and in other spheres of our lives, we value creativity more highly and cultivate it more intensely than we ever have before” (5) Essentially, creativity has become essential to aspect of life, whether it is work, leisure time, etc. It is something of paramount importance in today's society and caused the creative class to form, also known as the “bourgeois bohemians" (Zukin 7). This creative class is what governments and companies are attempting to cater to—at the cost of the livelihood of those who are not part of the creative class. So how does this decrease in the uniqueness of an area? A perfect example would be to go back to Komakech’s Jackson’s study of ethnic stores in Toronto. While there is clearly an economic loss for the community and its businesses, they lose their sense of community as

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