Published Date 8/16/14 11:05 PM
The 5 levels of gentrification
1 – a poor area has a new transport link to mainstream society, interesting/creative people move in for the cheap rents and the real indigenous culture.
2 – the first enterprises open, islands in the indigenous normal, a second wave of interesting people arrive and create a community around these spaces as well as colonising the indigenous business that are shifting to there spending/focus.
3 – the area is at its hight of interesting, being a healthy fusion of the old and the new, the first wave of business become the foundation. This fusion of the old and the new lasts for a while.
4 – a dulling wave of more affluent people start to arrive, new exploitative business open and push the remaining indigences business out by raising rents. The original social enterprise creative business either have to commercialise or close.
5 – the indigenous community can no longer afford to function in there home and start to be pushed out by rent increases and alienation. The conservative affluent start to force the creative areas to quieten and conform to their norms quickly/slowly killing creativity in the area. Property prices rise agen in reaction to this.
Gentrification is complete, the area is now in the mainstream. Rinse and repeat.
For the comady version of this post