Gentrification is an issue that has become more and more pressing in recent years. Most often when we hear the word gentrification, we think of kicking out residents of smaller communities. In an article by the Washington Post, they discussed the benefits of gentrification, and why we don’t have to kick others out to create something good. While most often we see gentrification cause home values to skyrocket, kicking lower income families out, there is a different way to do things. Bringing in new investments from banks and mortgage companies can help small local businesses thrive while still keeping the local residents. When new, slightly wealthier people come into the picture, they bring the opportunity for new businesses and new opportunities. In a study done between 2000 and 2013 when 73 communities were gentrified in Los Angeles, only 13(22%) showed signs of displacement. During this same time period, only 13% of black communities were displaced in Portland, Oregon. Gentrification can do good things when done right. It takes planning and proper funding to make gentrification beneficial for everyone.
Tol, Jesse Van. “Perspective | Yes, You Can Gentrify a Neighborhood without Pushing out Poor People.” The Washington Post, WP Company, 8 Apr. 2019, https://www.washingtonpost.com/outlook/2019/04/08/yes-you-can-gentrify-neighborhood-without-pushing-out-poor-people/