Gentrification: Cheat Sheet
Stuff you need to know:
- Gentrification is most often used negatively to describe the arrival of wealthy people to a lower-income urban neighborhood and the eventual displacement of the original residents and their culture.
- Gentrification can cause racial and class tensions in neighborhoods that were traditionally populated by a relatively homogenous group of people.
- It is widely believed that the economic and social benefits of gentrification -- improved and beautified buildings, parks, shops and schools -- are mostly enjoyed by the wealthy newcomers.
- New research argues that gentrification isn't as one-sided as we previously thought. According to census data, the largest income gains in gentrifying neighborhoods are enjoyed by black residents with a high-school diploma, not white residents with a college degree. Older Latinos also fare pretty well.
Now test your knowledge with these quizzes!
- Gentrification Quiz
- Quiz: Are you financially ready to buy a new home?
- Quiz: Can your house be LEED certified
- Fact or Fiction: Co-op Boards Quiz
- Fact or Fiction: Real Estate Agents
- Fact or Fiction: Short Sales
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