Stanley Desir                                                                                                04//04/19

ENG 1121                                                                                          Research Memo

 

Throughout my research I learned a lot about gentrification. I learned that it’s happening all around me and in front of me in my whole community. I believe it’s one of the main catalyst in the reason why rent is rising in new york city. In my opinion, it’s government invasion. Dramatic changes are playing out across parts of urban America, making many neighborhoods hardly recognizable from a relatively short time ago. A new class of more affluent residents(Rich white people) are moving into once underinvested and predominantly-poor communities. Development has followed, typically accompanied by sharp increases in housing prices that can displace a neighborhood’s longtime residents. Here are some stats I picked up about gentrification. Nearly 20 percent of neighborhoods with lower incomes and home values have experienced gentrification since 2000, compared to only 9 percent during the 1990s.

• Gentrification still remains rare nationally, with only 8 percent of all neighborhoods reviewed experiencing gentrification since the 2000 Census.
• Compared to lower-income areas that failed to gentrify, gentrifying Census tracts recorded increases in the non-Hispanic white population and declines in the poverty rate.

In Nyc, As for racial and ethnic changes, the report shows that gentrifying neighborhoods saw an increase in white population, despite a citywide decrease. Gentrifying neighborhoods also saw a larger decrease in the black population through 2014 than the city as a whole. The report also compares income changes across neighborhoods. Between 1990 and 2014, average household income in gentrifying neighborhoods rose by 14 percent. By contrast, average household income in non-gentrifying neighborhoods declined by eight percent while average income remained steady in higher-income neighborhoods. The rent in New York City is too damn high—with a median rent above $3,000/month, this is an undeniable fact but the biggest increases have largely been concentrated in areas that have historically been considered lower-income to gentrification. The real estate website mined its data from 2010 to 2018, looking at more than one million listings, and found that New York City rents have increased by 31 percent in those eight years. But the biggest jumps were found in neighborhoods that are considered gentrifying: Ditmas Park, Prospect Lefferts Gardens, and Bedford-Stuyvesant all experienced rent increases of more than 40 percent, while other areas with increases of more than 35 percent include Inwood, Washington Heights, and Crown Heights.

Below is a link to a chart which has to do with statistics involving gentrification. https://communityindicators.net/wp-content/uploads/2017/12/2016_Rosoff_Measuring_Gentrification_NYC-1.pdf