Transcription of Why is Gentrification a Problem - Williams College
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Why is Gentrification a Problem - Williams College
Why is Gentrification a Problem ? Stephen Sheppard Professor of Economics Williams College 1. Introduction Social and political concerns with Gentrification have waxed and waned since the term was first coined in 1964 to describe the movement of middle class families into the former working-class neighborhoods of London. Since the term Gentrification was first used, the phenomenon has been a source of debate for both scholars and policy makers in the US, Europe and elsewhere. Some authors have viewed it as a beneficial (or at worst neutral) undoing of the white flight abandonment of central city neighborhoods that took place in many cities during the period from the mid-1940s through the late 1960s.
undertaken they would either directly enjoy the stream of benefits OR would sell their home at a higher price reflecting the present value of the stream of benefits ...
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