Gentrification

Gentrification is the process of changing the character of a neighborhood through the influx of more affluent residents and businesses. It is a common and controversial topic in urban politics and planning. Gentrification often increases the economic value of a neighborhood, but the resulting demographic displacement may itself become a major social issue. Gentrification often sees a shift in a neighborhood´s racial or ethnic composition and average household income as housing and businesses become more expensive and resources that had not been previously accessible are extended and improved.