CITB01H3 Study Guide - Midterm Guide: Gentrification, Big Think, Creative Class
Document Summary
Gentrification is the process of change in an area resulting in an o influx of wealthier people into less prosperous neighbourhoods. o. Sharon zukin defines gentrification as the conversion of socially marginal and working- class areas of the central city to middle-class residential use. : discuss how gentrification is a process of gradual informal economic eviction and socio-cultural exclusion. Rising housing prices lead to the informal economic eviction of original residents. Corporations buy out property and public spaces and as a result, property values rise making them economically exclusionary for new immigrant, lower income families and long- time business owners. There"s a in rental property as well as the number of evictions. Rental units get converted into ownership condominiums. Older properties get demolished and new development of luxury housing is created in its place: socio-cultural exclusion demographics, land-uses, and residential culture. refers to the exclusion in neighbourhood, demographics:
