25.2.13
12.2.13
gen·tri·fi·ca·tion (jntr-f-kshn)
n.
The restoration and upgrading of deteriorated urban property by middle-class or affluent people, often resulting in displacement of lower-income people.
1. | Gentrification | 318 up, 31 down |
When "urban renewal" of lower class neighbourhoods with condos attracts yuppie tenants, driving up rents and driving out long time, lower income residents. It often begins with influxes of local artists looking for a cheap place to live, giving the neighbourhood a bohemian flair. This hip reputation attracts yuppies who want to live in such an atmosphere, driving out the lower income artists and lower income residents, often ethnic/racial minorities, changing the social character of the neighbourhood.
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http://www.thefreedictionary.com/gentrification
http://www.urbandictionary.com/define.php?term=gentrification
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