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Gentrification - Coggle Diagram
Gentrification
Factors
Cheap housing
Close to city center
Artists and students move in
City renewal projects
Investors buy property
Pros
Better Housing
Renovated buildings
Improved streets and parks
Economic Growth
New shops and cafes
More jobs
More taxes for the city
Better Services
Safer streets
Better schools and hospitals
Higher Property Value
Homes are worth more
More investment
Cons
Higher Costs
Rent increases
Poor people can't stay
Displacement
Old residents move out
Less diversity
Cultural Loss
Local shops close
Neighborhood changes
Social Tension
Rich vs. poor conflict