The Pros and Cons of Gentrification Among Communities

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9/22/21, 9:59 AM

The Pros and Cons of Gentrification Among Communities | Jimmy Lustig | Community Involvement

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The Pros and Cons of Gentrification Among Communities by Jimmy Lustig | Sep 21, 2021 | Blog, Community Involvement, James Lustig, Jimmy Lustig

Gentrification, or the process of revitalizing aging city neighborhoods, has become a controversial topic in the United States. On the surface, it seems like an excellent idea, but it comes with significant downsides policymakers and the general public need to understand. Pros: It Improves Property Values Property owners already living in gentrifying neighborhoods will see their property values increase as the neighborhood becomes a more desirable place to live. This increases their wealth and equity, which makes it much easier to sell their homes and move if that is desired or becomes necessary. It Increases Local Tax Revenue https://jimmylustig.net/the-pros-and-cons-of-gentrification-among-communities/

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