While gentrification in metropolitan areas might provide existing inhabitants additional housing options, it frequently results in deteriorating home affordability for families with lower and moderate incomes.
Gentrification is the process of altering a neighborhood's character through the entrance of wealthier inhabitants and establishments. In the fields of urban politics and planning, it is a frequent and contentious subject. Although gentrification frequently boosts a neighborhood's economic value, the subsequent demographic displacement can pose serious social problems in and of itself. A neighborhood's racial or ethnic makeup and average household income frequently change as a result of gentrification when housing and businesses become more expensive and previously inaccessible resources are expanded and enhanced. Gentrification often occurs as a result of an increase in the number of people with higher incomes moving into an area from nearby cities, towns, or neighborhoods.
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