Word of the Day: Gentrification

Gentrification. What is it? Who does it affect?

There are many definitions of gentrification:

+ "...the socio-cultural changes in an area resulting form wealthier people buying housing property in a less prosperous community (Wikipedia)

+ "The buying and renovation of houses and stores in deteriorated urban neighborhoods by upper- or middle-income families or individuals, thus improving property values but often displacing low-income families and small businesses (Dictionary.com)

There is no place in America that is exempt from being subject to gentrification. Places such as Chicago, New York City, and Washington DC have some infamous gentrification projects going on.

Some say the gentrification process is detrimental to a neighborhood because it changes the character of the neighborhood while others support the cause because it brings much needed change to the community.

Here is a short article and short video.. Check 'em out. Then post how you feel on gentrification.

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/08/AR2010010803606.html