Gentrification 2

Many people argue that not everything that comes with gentrification is all bad; there can be many positive effects to this process. At the beginning the property that gets bought is usually abandoned buildings, empty lots, and even empty warehouses. This helps out the neighbor hood look better and no one has to move. New businesses start up and so many new shops open up in these areas causing an influx of money to that area. This economic boost is very helpful to many of the residents that are already living there. The people already living in these areas can find new jobs in these places. Since they are so close to home they say money on transportation and time.

                Abandoned buildings and empty lots can end up having people using them for bad things. We have all heard the term crack houses before. These are empty buildings that people will go in to do drugs. When these places are bought up fixed and used for stores you lose some of the drug problem. Because these locations are no longer available for people to use in secret crime goes down in these areas. It's true that as new buildings are built and renovated property taxes go up but "as the property tax base increases, so does funding to local public schools" (Roos)

                Not everyone is displaced when prices start going up, there are many programs that can help people stay in their homes and enjoy this new better neighborhood. "Rent regulation is the most frequently cited form of support. It is followed by a suite of programs that includes public housing, housing vouchers..." (Newman) Sometimes the people living there are even able to purchase a home for cheap when the gentrifications starts. This changes their monthly rent life to that of a homeowners. It is easier to preserve building when there are many reasons to; the real estate developers would want this to happen so that they can keep selling property. No one wants to visit areas where they is a giant eyesore. With this preservation of important places it can help make said building into a historic landmark without people wanting to tear it down because it has become a danger to other residents. The newer people who are coming to live there can sometimes also bring more influence to this area which would allow for a landmark committee to make places into landmarks.

Works Cited

Roos, David. "How Gentrification Works." How Stuff Works. 

HowStuffWorks, Inc. Web April 25, 2014

Newman Kathe, Wyly Elvin "Gentrification and Resistance in New York City" National Housing Institute. National Housing Institute. July/August 2005. Web March 30, 2014