For many years gentrification has become a strategy to enforce new urban development in all communities mainly places that are primary low income. In addition, gentrification has become a huge issue due to the fact of rebuilding cities and improving cities all over the world. The word gentrification was original created “in 1964 by a sociologist named Ruth Glass” to interpret the changes of working and lower class people by the middle class individuals in London.
Moreover, as years passed gentrification has become associated with many theories in attempt to explain the process of gentrification. The main theories that gentrification relates to is the production and consumption side theories. “Production-side theory was proposed by geographer Neil Smith”, in which he describes gentrification as relationship between production and money. Later, Neil Smith created the rent-gap theory to describe the process of gentrification.The rent-gap theory was basically inequality between the price of land. Smith used the rent-gap theory to argued that developers would see the potential profit in rebuilding areas. As a result, profit obtained by the redevelopment areas causes a leading increase of rents, leases, and mortgages. Neil Smith soon concluded the causes of gentrification due to the results of production-side and rent-gap theory.
To add on, the “consumption-side theory was proposed by geographer David Ley”. David Ley observes characteristics of people performing gentrification and what they consume as different to the market to explain gentrification. In David Ley observation he observes that people who typically perform gentrification are doctors, lawyers and other high professional careers. In addition, these people who perform gentrification are more concern of beauty and convenience in their communities. These actions and changes allow gentrification to occur. Overall, people who are lower income in the communities are forced to move out because of increase of rents, leases, and mortgages due to the fact that value of community increasing.
Moreover, as years passed gentrification has become associated with many theories in attempt to explain the process of gentrification. The main theories that gentrification relates to is the production and consumption side theories. “Production-side theory was proposed by geographer Neil Smith”, in which he describes gentrification as relationship between production and money. Later, Neil Smith created the rent-gap theory to describe the process of gentrification.The rent-gap theory was basically inequality between the price of land. Smith used the rent-gap theory to argued that developers would see the potential profit in rebuilding areas. As a result, profit obtained by the redevelopment areas causes a leading increase of rents, leases, and mortgages. Neil Smith soon concluded the causes of gentrification due to the results of production-side and rent-gap theory.
To add on, the “consumption-side theory was proposed by geographer David Ley”. David Ley observes characteristics of people performing gentrification and what they consume as different to the market to explain gentrification. In David Ley observation he observes that people who typically perform gentrification are doctors, lawyers and other high professional careers. In addition, these people who perform gentrification are more concern of beauty and convenience in their communities. These actions and changes allow gentrification to occur. Overall, people who are lower income in the communities are forced to move out because of increase of rents, leases, and mortgages due to the fact that value of community increasing.
Amanda Briney Contributing. "An Overview of Gentrification." An Overview Gentrification. About Education, n.d. Web. 20 May 2015. <http://geography.about.com/od/urbaneconomicgeography/a/gentrification.htm>
Smith, N. (1987) “Gentrification and the rent-gap”, Annals of the Association of American Geographers 77 (3) pp. 462-465.
Amanda Briney Contributing. "An Overview of Gentrification." An Overview Gentrification. About Education, n.d. Web. 20 May 2015. <http://geography.about.com/od/urbaneconomicgeography/a/gentrification.htm>.
Smith, N. (1987) “Gentrification and the rent-gap”, Annals of the Association of American Geographers 77 (3) pp. 462-465.
Amanda Briney Contributing. "An Overview of Gentrification." An Overview Gentrification. About Education, n.d. Web. 20 May 2015. <http://geography.about.com/od/urbaneconomicgeography/a/gentrification.htm>.