the.com/gentrification
Capitalism's way of discovering your neighborhood right after you can't afford it anymore.
means The process by which rising investment and wealthier newcomers transform a lower-income urban area, driving up property values and rents until the original residents can no longer afford to stay.
from Coined in the 1960s by British sociologist Ruth Glass, who watched working-class London districts like Islington fill up with the middle class and needed a word for it. She built it straight from 'gentry' — the old English class of landed, well-to-do folk just below nobility — adding '-fication' to mean 'the making of.' So the word literally means 'the process of becoming gentry-fied,' and Glass meant it pointedly, not kindly: she coined it to name and criticize the displacement she saw happening in her own city.
- the tell
- a coffee shop charging 6 dollars appears
- the irony
- the cool it sells is what it replaces
- coined by
- sociologist Ruth Glass, London, 1964
- the pattern
- artists move in, then rent moves them out