Which of the following is an example of gentrification?
A)The economic profile of a neighborhood changes due to the improved income of its residents.
B)Low-income renters supplant middle class and wealthy homeowners in a suburb.
C)Wealthy homeowners supplant middle class homeowners in a rural area,
D)Middle class homeowners supplant low-income renters in an urban neighborhood.

Question

Quizplus · Accepted Answer

Gentrification occurs when middle class homeowners supplant low-income renters in an urban neighborhood. The property value and social value of a neighborhood may improve due to political action, increased commercial opportunities, new housing options, a new school, or any number of other stimuli. As property values goes up, the cost of living in the neighborhood likewise increases, making it unaffordable for low-income residents. Typically in the United States, there are two factors that make gentrification possible: a neighborhood full of run-down housing that can be purchased and restored, and a good job market.

Which of the Following Is an Example of Gentrification