Property News · September 29, 2016

Gentrification is a global problem. It's time we found a better solution


Today we begin a new series looking at the impact of gentrification and rising housing costs all over the world – and the ways some cities are trying to tackle this global phenomenon. Share your stories hereFirst come the artists, then the cranes. As the kamikaze pilots of urban renewal, wherever the creatives go, developers will follow, rents will rise, the artists will move on, and the pre-existing community will be kicked out with them.Such is the accepted narrative of gentrification, a term first coined more than 50 years ago by the German-born British sociologist Ruth Glass to describe changes she observed in north London – but it is a phenomenon that has been at the heart of how cities evolve for centuries. Continue reading…

Source : theguardian.com
Read more…Gentrification is a global problem. It’s time we found a better solution

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