Gentrification Flashcards
(3 cards)
1
Q
What is gentrification
A
When wealthy people move into a place, spending money, increasing the cost of living in the area, causing the original residents, who can no longer afford it, to move away
2
Q
What are the benefits of gentrification
A
Neighbourhood revitalisation
Reduced crime
Increased local economy
Increased property value
Improve local environment
3
Q
What are drawbacks of gentrification
A
Displacement of residents
Loss of local business
Loss of culture
Reduced diversity
Increased cost of living
