SOC110 Chapter Notes - Chapter 12: The Young Professionals, Gentrification, Star Trek
Document Summary
As gentrification begins, the lifestyle of the young professionals attracts retailers including eat-in and carry-out restaurants, cleaners, specialty food and liquor shops, luxury clothing boutiques, etc. The commercial expansion then makes the area more attractive to other yuppies and dinks, which in turn encourages greater commercial growth, stimulating more residential development and the process continues. Residential and commercial interests then compete for unconverted real estate. This rivalry causes more rising land prices, and it is difficult for many long-term. Consumption habits of high-end skilled service workers create jobs for lower-end residents in the region to pay the rising rent or taxes service workers (in the fast-food industry, cleaning and maintenance work, as governesses, beauticians, and barbers, etc) Nevertheless, the former residents of the neighborhood who could fill these kinds of service positions are priced off the market, particularly if they could live nearby and thus reduce the costs of commuting.
