After Gentrification
20th March 2023
Gentrification is, at core, an economic strategy. It aims at increasing the number of middle- and upper-middle-class people living in urban cores. There always were, and always will be, young adults who want to live in cities. Gentrifiers differ from Patti Smith types, because they’re respectable and promise quantifiable gains to the urban economy such as higher real estate valuations. They moved into housing previously occupied by people with lower incomes.
This strategy made sense. The best argument for gentrification is that no other model seemed to work. It’s one thing to nag former industrial cities to lay off their yuppie-hugging and get to work rebuilding the great American working class. It’s quite another to make that happen. The cookie-cutter aspect of gentrification—micro-breweries, Starbucks, people riding bikes to work for reasons other than a DUI or an inability to afford a car—is precisely its virtue. An urban policy “model” is something that can be implemented anywhere and does not require much in the way of charisma or talent in city hall.