Gentrification, that process whereby people with a higher socieconomic level, as well as business, move to poorer and degradated areas where the prices are lower. Consequently, these areas are usually regenerated, the economical level increases and get safer, but at what price? the traditional working population can't afford the rise in the prices and taxes and is forced to leave. And with the working class, the traditional business associated to it.
I think one of the most notably, or at least most known, examples of gentrification may be New York City. It regenerated a city sunk in the crack epidemic, with incredibly high crime rates and poverty but many people had to move out of some parts of the city (ie. Manhattan) due to the increase of prices above mentioned. At the same time, the big companies replaced the smaller traditional business. From the testimonies of different original inhabitants, though now is safer, the city has suffered of a process of "Dysney-ification" and lost big part of its soul.
So lately, this question has been in my mind. Would you be in favour or against gentrification?