Gentrification
Causes
Effects
Negative
Positive
Properties and living spaces can become much more expensive
Rapid Job Growth
Tight Housing Market Dynamics
Potentially displaces residents
Preference for city amentities
Increased Traffic Congestion
Targeted Public-sector policies
Educated and Affluent residents are positively effected
Non-Educated and Non-Affluent are positively affected
Potentially causes discrimination against minorities
Increased risk of negative health effects
Lesser educated and affluent people, who relocate, don't tend to relocate to objectively worse neighbourhoods
Beautifies a city
Increases development and improves infrastructure of an area
Increases amenities
Reduces crime rate