In the article “How Sky-High Rents Are Radically Changing New York’s Neighorhoods” I learned about how gentrification has significantly effected New York City throughout the 21st century. Gentrification is a process of renovation of deteriorated urban neighborhoods. This is created by influx of more affluent residents and results in increased property values and the displacing of lower-income families and small businesses. Neighborhood change is often viewed as a miscarriage of social justice. Wealthy newcomers are acknowledged for improving a neighborhood who’s poor, minority residents are displaced by significantly high rents and economic change. Two-thirds of New York City’s low-income neighborhoods in the last decade and a half have been effected by this process. In modern day, New York City has seen alarming increases in rent, incomes, and amount of people paying more for housing than they can afford. In addition many other significant demographic shifts have occurred. Although rent has rapidly risen in all parts of the city, gentrifying neighborhoods has had the most significant increase. From 1900 to 2000-2014 gentrifying neighbors have increased by 34.3%, whereas non-gentrifying neighbors have increased only by 13.2% throughout the same time period. For example, rents have increased approximately 79 percent since 2000 in the Brooklyn neighborhoods. Williamsburg and Greenpoint have had a significant amount of gentrification. In 2014, the median asking rent was $3,055 a month in Williamsburg and Greenpoint. Other neighbors in New York City that have been effected by gentrification include Central Harlem, Lower Eastside/Chinatown, Bushwick, East Harlem, Morningside Heights/Hamilton Heights, Bedford Stuyvesant, North Crown Heights/Prospect Heights, Washington Heights/ Inwood, Mott Haven/Hunts Point, Astoria, Sunset Park, Morrisania/Belmont, Brownsville/Ocean Hill, and South Crown Heights. Between 2010 and 2014, higher than 60 percent of people moving into gentrifying neighborhoods were between the ages of 20 and 34. These neighborhoods have had an increase of “non-family” households. Many worry that the new development will draw wealthier people into these neighborhoods, increasing the gentrification process.
Image of Williamsburg, Brooklyn.