Gentrification in U St Washington DC

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Gentrification in U St Washington DC

Gentrification in U St Washington DC

ANSWER


The concept of gentrification can be traced back to the beginning of human civilization and urbanization. The concept is primarily associated with the urban society, whereby it refers to socio-cultural displacement resulting from acquisition of property by the wealthy class. In most cases, the property under question is held by the working class and low income communities. This phenomenon is usually triggered by increase in average income and decrease in family size in the community. In relation to this scenario, eviction of lower income residents occurs due to increased rents, property taxes and house prices. A key aspect of concern is that a significant reduction in industrial land use is realized as a consequence of gentrification. The gap between the wealthy natives and the low income earners is heightened thus leading to a decrease in accessibility. With this insights, it has been evident that urban gentrification changes the heterogeneous character of the urban community into an economically homogenous community.