In Defense of Gentrification
The prevailing narrative ignores an abundance of evidence that relatively few low-income neighborhoods get gentrified — and when they do, there’s much less displacement than is commonly assumed.
When higher-income people start moving into lower-income neighborhoods, how does that affect longtime residents? Recently, three studies have pointed toward an answer that’s different from the most common one.
First, a study from NYU’s Furman Center suggests that residents of public housing in wealthier and gentrifying neighborhoods make more money, live with less violence, and have better educational options for their children, despite also facing some challenges. Second, a study from the Philadelphia Federal Reserve Bank finds that there has been much less displacement of existing residents from gentrifying neighborhoods than is commonly feared — and that those who do leave aren’t necessarily more likely to move to lower-income neighborhoods. And finally, a Columbia University study on gentrification in London also failed to find evidence of widespread departures in neighborhoods with rising average incomes.
Read the article “In Defense of Gentrification” on theatlantic.com.