Folklore and Visual Culture
Gentrification is the process by which urban neighborhoods undergo transformation due to an influx of higher-income residents, leading to the displacement of lower-income residents. This change often involves the renovation of older buildings, increased property values, and the introduction of new businesses, which can alter the cultural and social fabric of the community. While it can lead to improved infrastructure and amenities, gentrification frequently raises concerns about equity, access, and preservation of local culture.
congrats on reading the definition of gentrification. now let's actually learn it.