Effects
As rent-gap theory would predict, one of the most visible changes the gentrification process brings is to the infrastructure of a neighborhood. Typically, areas to be gentrified are deteriorated and old, though structurally sound, and often have some obscure amenity such as a historical significance that attracts the potential gentrifiers. Gentry purchase and restore these houses, mostly for single-family homes. Another phenomenon is “loft conversion,” which rehabilitates mixed-use areas, often abandoned industrial buildings or run-down apartment buildings to housing for the incoming gentrifiers. While this upgrade of housing value is the superficial keynote to the gentrification process, there are a greater number of less-visible shifts the gentry bring with them into their new neighborhoods.
Read more about this topic: Gentrification
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