Blog #9
Personal observation of gentrification
Dictionary.com states that gentrification is : the buying and renovation of houses and stores in deteriorated urban neighborhoods by upper- or middle-income families or individuals, thus improving property values but often displacing low-income families and small businesses.
So I am a little unsure of this definition. Does completely knocking down housing and rebuilding count as gentrification? Because I have witnessed much of this in the area that I live. Directly across the street from where I live on Taylor and Racine new housing has been put in place of old run down housing. There is also some very run down housing along
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