GEO 3611 Lecture Notes - Lecture 24: Gentrification, Redlining, A Reminder
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Focuses on an interesting blend of demand for housing, and such. He put this last because it kind of offers a view of the demand for housing through a diverse set of groups in a given quality. Ruth glass came up with gentrification, which occurred in the 1960s in london, england. It happens when higher income folks move into a neighborhood that is considered lower income. As expected, lower income places tend to have lower quality things like educations and such, while higher income stuff is higher quality. Places that can look bad or be foreclosed on can be changed to a much better places. Unattractive residential and business mixes becomes attractive and higher quality, all due to the possibility of gentrification. Gentrification usually happens to neighborhoods that are technically failing. These ho(cid:373)es usuall(cid:455) (cid:272)a(cid:374)"t (cid:271)e upgraded (cid:271)(cid:455) (cid:271)a(cid:374)ks a(cid:374)d other si(cid:373)ilar thi(cid:374)gs (cid:449)ith loa(cid:374)s. it is usuall(cid:455) the last neighborhood that gets serviced by the government.