Gentrification and Displacement in NYC: An Economic Analysis

This essay examines the multifaceted issue of gentrification and displacement in New York City. It begins by defining gentrification as the process of urban renewal and the influx of middle-class residents into previously deteriorated areas, often leading to the displacement of lower-income residents. The essay explores the dual nature of gentrification, highlighting potential benefits like increased property values and job creation, while also emphasizing the negative consequences, such as the displacement of long-term, lower-income residents due to rising living costs. The essay discusses the direct link between gentrification and displacement, particularly the impact on minor communities already facing discrimination. It references the situation in NYC, emphasizing the displacement of lower-income families. The essay highlights the need for equitable development strategies and the role of art in mitigating displacement. The author concludes by reiterating the negative impact of gentrification on low-income residents. References are provided to support the arguments made in the essay.

Running head: GENTRIFATION AND DISPLACEMENT IN NYC
GENTRIFATION AND DISPLACEMENT IN NYC
Name of the Student
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Author Note

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GENTRIFATION AND DISPLACEMENT IN NYC
Gentrification and Displacement in NYC
Gentrification has been greatly viewed by some as a specific solution to various
problems which have been faced by various central cities. At the similar time, many people
are found to be worrying of the particular potential for the gentrification towards the
displacement of all the resident which are disadvantaged (Shaw & Hagemans, 2015). To the
current date, surprisingly very little evidence has been noticed or produced regarding the
particular magnitude of this kind of problem which can be guiding all of the various makers
of policies or rather several enterprises which are mostly based upon the entire community.
However, it has been found that other than the faster displacement, gentrification is hugely
associated with much slower turnover which will be residential among all the households.
Gentrification
Gentrification is mainly described as the procedure of renewing as well as rebuilding
by accompanying the specific influx of the people belonging to the middle class into all of the
various areas which have been deteriorating which may be often displacing all the residents
which are poorer (Bates, 2013). All of the various alternations which have been depicted can
be very easily framed as either negative or rather positive which will be ultimately depending
upon the person’s perspective, either moving in or rather entirely out of the neighbourhood.
Gentrification is considered to be the sword which is mainly double edged which is known
for suggesting that there are several things which will be entirely lost and also gained by this
particular alternation (Stabrowski, 2014). Gentrification is known for incrementing the values
of property, creating jobs, improving the school’s quality and also for lowering the rates of
crime.
Displacement

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All of the various residents possessing lower income who mainly suffers from all the
recent situation of the neighbourhood which is completely inverse to all the benefits that are
depicted may not be around for enjoying all of the various advantages of gentrification. Some
of the residents who are original are known to be beginning by directly moving out or rather
start being pushed out by the incremented costs of living. This particular procedure is known
as the displacement within which all of such individuals must also be facing a huge loss of
the specific net of safety which the particular local community offered in the particular form
of various ties with the neighbours that are highly personal and parishes which are religious.
Gentrification and Displacement
Gentrification and the displacement which is associated are known to be taking a
specific toll on the group of people possessing lower income. They are totally unable to
directly pay the higher living cost comprising of the incremented rents, higher prices of all
the various amenities which are social as well as services. They are actually found to be
entirely moving out from all the various localities that are original. Gentrification is known to
be actually adding up a huge burden upon all of the various communities that are minor,
provided that they are already thrown under huge discrimination pressure (Marcuse, 2013).
Gentrification is known to be bringing in a lot of economic prosperity and is mostly
perceived as a change which is totally positive. This is because it will be resulting in the
direct migration of all the residents of high income, rebuilding of all the various older
buildings, opening of businesses which are much larger and also in decrementing the rates of
crime. It may be looking brighter and shinier from the outside, but the particular inner reality
will be often tending towards being different. Gentrification along with all of the various
benefits will be resulting in the huge displacement of all the various residents which are local
that possess much lower income. There has been a huge debate about gentrification which
says that there is no link between gentrification with the displacement. Even though several

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groups of interest are trying to perfectly establish that there is no specific link in between
displacement, it is to be concluded that there is a direct link between the two. Several driving
forces of the gentrification along with the redevelopment are known to be driving the group
of lower income totally out of the neighbourhood because of the incremented living cost (Zuk
et al., 2018).
Hence, it can be concluded that there is a direct link between gentrification as well as
displacement in NYC and this gentrification is definitely leading towards huge displacement
of all the people possessing lower incomes.

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References
Bates, L. K. (2013). Gentrification and displacement study: Implementing an equitable
inclusive development strategy in the context of gentrification.
Marcuse, P. (2013). Abandonment, gentrification, and displacement: the linkages in New
York City. In Gentrification of the City (pp. 169-193). Routledge.
Shaw, K. S., & Hagemans, I. W. (2015). ‘Gentrification Without Displacement'and the
Consequent Loss of Place: The Effects of Class Transition on Low‐income Residents
of Secure Housing in Gentrifying Areas. International Journal of Urban and
Regional Research, 39(2), 323-341.
Stabrowski, F. (2014). New‐build gentrification and the everyday displacement of Polish
immigrant tenants in Greenpoint, Brooklyn. Antipode, 46(3), 794-815.
Zuk, M., Bierbaum, A. H., Chapple, K., Gorska, K., & Loukaitou-Sideris, A. (2018).
Gentrification, displacement, and the role of public investment. Journal of Planning
Literature, 33(1), 31-44.