Introduction Beginning in the 1960s, middle and upper class populations began moving out of the suburbs and back into urban areas. At first, this revitalization of urban areas was "treated as a back to the city' movement of suburbanites, but recent research has shown it to be a much more complicated phenomenon" (Schwirian 96). This phenomenon was coined "gentrification" by researcher Ruth Glass in 1964 to describe the residential movement of middle-class people into low-income areas of London (Zukin 131). More specifically, gentrification is the renovation of previously poor urban dwellings, typically into condominiums, aimed at upper and middle class professionals. Since the 1960s, gentrification has appeared in large cities such as Washington D.C., San Francisco, and New York. This trend among typically young, white, upper-middle class working professionals back into the city has caused much controversy (Schwirian 96). The arguments for and against gentrification will be examined in this paper. Gentrification does not follow traditional urban growth theory, which predicts "the decline of inner city areas as monied classes move to the metropolitan fringe." The traditional economic model of real estate says that wealthy people can choose their housing from the total city market (Schwirian 96). Once these people decide to live in the suburbs, the lower social classes move into the old homes of the upper class, essentially handing housing down the socioeconomic ladder. Gentrification is actually a reversal of this process. For a variety of reasons, many inner city areas are becoming more attractive to the wealthy, and they are selecting their housing in those areas (Schwirian 96). The problem is that now when the wealthy take over poor homes and renovate them, the poor cannot afford the housing that the wealthy have abandoned. Many researchers have argued whether gentrification has truly created problems in cities. I will analyze
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