There Is an Obsolete Term Gentrification

The antiquated term gentrification has been around for about 59 years or more. Many observations led to the conclusion of this term being interpreted as the wealthy displacing the poor and changing their localities. Specifically referring to Denver, this process started in 1934 with the National Housing act. This legislation was passed by Franklin D. Roosevelt in order to try and upgrade the housing quality and to arouse interest in enhancing the economy. Since the Great Depression was still an ongoing situation, the government, along with the President of the United States, were trying to do everything in their will power to prosper the financial system.

The act succeeded within the lines of strengthening the market for housing and businesses but this also received a copious amount of backlash. It helped every other person who wasn’t a minority so it placed a lot of racial unease on neighborhoods which is still existent in our state.

Many people claim that this issue ceased when the 1970s came around but this just isn’t true considering the economic growth and recently built shops such as ‘Ink!’ located down in Five Points of Denver, bringing in more money than expected.

Since this process is progressively developing, the rent prices are also gradually becoming sky high and it’s almost impossible for residents to afford their homes, displacing them out of their community which can ultimately result in homelessness. With hundreds of thousands of new people moving in within the past few years, displacement of the poor is moving a lot more swiftly then it ever has before.

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As a resident of a African American and Hispanic community (Montbello), it is widely known that the poverty scale has intensified to a staggering 30 percent in a short amount.

Of time and it’s very difficult to find a reasonable priced place, which, again, can quickly put someone out of a home. A study conducted about nine years ago showed that African American homeowners were negatively affected by gentrification based on their level of education which meant that if they were poorly educated, than it was much more common for them to get dislodged from their vicinities. With this topic being more frequently in studies, it sparks debate to whether or not the harmful process is directly linked to homelessness in Denver. According to a chart, which differentiated states by the amount of homeless individuals each year, in Denver it shows that from 2007 to 2010 the population was very steady rarely rising or falling up until 2011 when there was a dramatic drop in the homeless population but it also quickly rose again mid-way through the year and kept consistent from 2012 to 2014 which, again, dramatically plunged in 2015.

With this knowledge, many people would argue that this is due to disability, psychological diseases, or drug and alcohol addictions for the reason that people live on the streets, which can usually be true in some cases but looking at another perspective it’s actually because since the rent expenses are briskly growing, families have no other choice but to look for inexpensive housing and if they can’t find it then the only option is the streets making it the prime reason why the procedure is damaging. Gentrification can also cause a lot of race-related and social class issues, especially when people often compare the process to “white privilege”. Many gentrifiers who move into minority based neighborhoods typically cause rent prices to increase and oftentimes have a high desire to change older regional services and replace them with newer ones such as coffee shops, stores, restaurants and more which can spawn residents to become resentful towards their new incomers. With this being said, it is very difficult to try to disregard any sort of racial or negative factor of this global issue.