Where do I stand on Gentrification?

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Where do I stand on Gentrification?

• AP HUG

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Gentrification What is it?

• Gentrification is the process of renewal and
  reinvestment of capital into inner-city areas.
• In economic terms, it means the value and cost of
  neighborhood housing and property is higher.
• Gentrification accompanies the influx of
  middle-class or affluent people into
  deteriorating areas that often displaces poorer
  residents.

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The Monopoly Analogy

• One way to think about gentrification is to play
  the game of Monopoly.
• In the game, the goal is to be the wealthiest
  player through buying, renting, and selling
  property.
• In every game there are winners and losers, just
  like real life!
• While homeowners want the value of their home to
  increase, when this happens, so does the property
  tax.
• So, when gentrification drives up property
  values, some people (usually those on fixed
  incomes, or with low paying jobs) cant afford
  their homes anymore.

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Is it good or bad?

• Some consider it a positive sign of reinvestment
  in a neighborhood
• Yay!!! A new Starbucks on the corner!

• Others resent the changes in population and
  character.
• The local mom and pop coffee shop lost business
  after they put a new Starbucks on the corner.

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Photos of gentrification

• New York http//twentytwowords.com/photos-new-yor
  k-city-storefronts-taken-10-years-apart-show-gentr
  ification-decay-36-pictures/
• What its like to get kicked out of your
  neighborhoodhttps//www.youtube.com/watch?vtYNuR
  1oaQts (6 min)

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Why does Gentrification Happen?

• Government wants it to because it generates taxes
  through rise in property values
• Younger professionals and sometimes retirees want
  to live close to the urban core, where jobs,
  transportation, and entertainment are.
• We are a society of change- we dont stay put for
  long like other culture do. (avg American moves 4
  times in lifetime)

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What factors contribute to a neighborhoods
gentrification?

• Access to urban centers view proximity to
  transportation networks
• Low housing costs
• Interesting architecture and building detail
• Large numbers of rental units

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How can you measure gentrification?

• Look at property value and tax rate changes
  between each census
• Review turnover rates in rental units
• Income level of residents (new and long-term)
• Ethnic and racial mix of residents (new and
  long-term, stable or not)
• The kinds of business that move into or out of
  the neighborhood
• The kinds of work that exist in the neighborhood
  (factory jobs versus service jobs)
• the kinds of cars parked on the street
• The kinds of community organizations in the neigh
• Predict what are some advantages?

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What are some of the advantages of
Gentrification?

• Housing values increase for homeowners
• Increase tax revenues for city services
• Reinvestment is made in infrastructure, roads,
  water mains, local schools
• Business expansion
• Renovation and upgrading of existing homes
• Development of job opportunities
• Predict what are some disadvantages?

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What are some of the disadvantages of
Gentrification?

• Higher income investors displace lower income
  residents
• Disrupts community institutions rooted in
  neighborhoods
• Forces some people to move away from community
• Can increase racial and economic conflict (often
  times its minority groups being displaced)
• Based on the information so far, do you believe
  gentrification is positive or negative?

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Gentrification in Comedy and Film

• SNL Skit https//www.youtube.com/watch?vwAsBta25
  OGQ (4 min)
• Boyz N the Hood https//www.youtube.com/watch?vB
  adSZDpvq-s (4 min)