Gentrification

("gentry") acquire or rent property in low income and working class communities. Urban gentrification is associated with migration within a population. In a community undergoing gentrification, the average income increases and average family size decreases. This generally results in the displacement of the poorer, pre-gentrification residents, who are unable to pay increased rents or house prices and property taxes. Often old industrial buildings are converted to residences and shops. In addition, new businesses, catering to a more affluent base of consumers and those that can afford increased commercial rent, move in, further increasing the appeal to more affluent migrants and decreasing the accessibility to the poor.