Gentrification

Gentrification

Definition

Gentrification names the process by which higher-income, college-educated residents move into previously low-income central-city neighborhoods, changing their social composition, rents, house values, and amenities. It is politically contested: critics see it as a vehicle of displacement, rental housing loss, and the erasure of working-class/racialized communities under financialized urbanism; defenders and some empirical work (Brummet & Reed) emphasize benefits to incumbent residents (reduced poverty exposure, rising house values, improved opportunity for children) driven mainly by in-migration rather than observable harm to movers. In Geoffrey's framework it is the concrete expression of the financialized city (Bismarck) and of spectacle-driven urban regeneration (Dyckhoff, Goudsmit).

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