well, what is it? is it a bad or good thing?
2006-10-27 10:27:26 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Gentrification is the process of revitalizing a neighborhood. It doesn't mean the neighborhood is bad, it's going through a change for the better such as building a whole new development in a an outdated/run down part of an area.
2006-10-28 05:08:47 · answer #1 · answered by tianaramal 4 · 0⤊ 0⤋
Gentrification means the members of a group, neighborhood, country, etc are getting older on average. For a country it can be bad for the economy, ie higher taxes on the working class to pay for higher medical cost for the older class. For a neighborhood, it can mean less kids in the schools, which can be good if they don't cut back the tax base.
2006-10-27 10:32:58 · answer #2 · answered by xorosho 3 · 0⤊ 0⤋
Dude, what's incorrect with fixing up a community packed with appealing homes to make a community out of it? exceptionally while it starts off out as a criminal offense infested cesspool. i might decide to be sure extra gentrification in my community. My supplies fee might upward thrust and that i might make money.
2016-12-08 22:39:57 · answer #3 · answered by raper 4 · 0⤊ 0⤋