Please enable JavaScript.
Coggle requires JavaScript to display documents.
Gentrification - Coggle Diagram
Gentrification
-
-
-
-
Conlusion
There are no simple answers to the complicated problem of gentrification. However, we may reduce the negative effects of gentrification and improve the inclusiveness and equity of our cities by taking action to safeguard affordable housing, encourage community development, and interact with the local population.
-
-
homeowners may see such increase in property taxes that they just cant afford to live there anywhere
-
-
-
property values, rents and the cost of living becomes more expensive
tax incentives and subsidies provided to attract businesses and investors can increase property values and subsequently attract more affluent individuals to the area.
-
cultural allure: attracting creative industries, vibrant night lives, and artistic endeavors
influx of young wealthy professionals has led to rising rents, and displacement showcasing tension between old and new
-
demographics of the neighborhood shift, altering income levels, educational attainment, and racial composition
-
the demand for housing in the area intensifies, driven by the influx of more affluent newcomers. This heightened demand propels property values to climb steadily upward. While this can boost the overall economic vitality of the neighborhood, it simultaneously squeezes out residents who have called the area home for years, or even generations