The Causes And Effects Of Gentrification In The United States

1024 Words5 Pages
By the 1960s many of these urban areas, with the loss of capital, jobs, and so on; began to deteriorate, and property values fell. Currently with the higher costs of property in the suburbs and other communities, there are fewer and fewer opportunities to invest small and gain a big profit; thus, making the once "undesirable" urban properties with their low property values and costs, more "desirable."

Viewing the complex matter of gentrification succinctly, it helps to uncover how multifaceted it is; in that gentrification involves the oppression, marginalization, displacement of vulnerable populations, particularly, the poor, and the black who are often already negatively impacted by the effects of classism, and racism. Gentrification threatens to erode the communities and livelihood maintained by these set of people because their displacement becomes a precondition for the total transformation of the area.

When considering the complex definition and various factors involved in this process, one thing must remain clear that it is driven by the private sector and is the result of capitalism's relentless pursuit of profit. The very sector of society that has control and influence over all levels of government in the United States, and is thus able to create policies that help to facilitate and increase gentrification in communities around the country, as well as those outside the United States. This far-flung reach is due to the nature of multinational corporations
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