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'''Gentrification''' is the process of renewal and rebuilding accompanying the influx of middle-class or affluent people into deteriorating areas that often displaces poorer residents.
==Gentrification vs. Urban Renewal==
In general, gentrification is a form of urban renewal, but tends to be more organic and driven by economics, as opposed to classic urban renewal, which tends to be a more direct form of government intervention (either direct rehabilitation or <ref name="section8">[https://www.hud.gov/topics/housing_choice_voucher_program_section_8 Section 8]</ref> housing).
==Criticism==
* Gentrification has the effect of forcing economically disadvantaged people out of an area.
* Gentrification can force economically disadvantaged people to move to locations which are more remote from workplaces.
* Gentrification is the natural effect of market forces. Attempts to regulate gentrification inevitably results in market distortions, which have the ultimate result of not benefiting the economically disadvantages.
* Gentrification results in improvements in urban utilization, resulting in more efficient use of spaces, reduced energy consumption and improving transportation efficiency.
* Gentrification reduces urban blight.
* Gentrification uses free-market forces to improve a municipality's housing stock, and the same market forces also results in an overall improvement of the housing stock available to people who are displaced ("A rising tide raises all ships" analysis).
* Gentrification can force economically disadvantaged people to move to locations which are more remote from workplaces.
* Gentrification can diminish unique characteristics of a city.
* Gentrification forces out some types of businesses that are favored by economically disadvantaged people.
* Gentrification either encourages or discourages formula retail establishments (depending on the particular analysis).
* Gentrification either encourages or discourages independent or unique retail establishments (depending on the particular analysis).
* Gentrification has a tendency of improving retail infrastructure.
==External Links==
*[https://www.newyorker.com/magazine/2016/07/11/is-gentrification-really-a-problem Is Gentrification Really a Problem?] - New Yorker
==References==
<references/>