Gentrification | Vibepedia

Gentrification is a multifaceted process where increased investment in a neighborhood drives up property values and rents, displacing lower-income residents and altering the community's demographic composition. This phenomenon has been observed in cities like New York, San Francisco, and London, with companies like Google, Amazon, and Facebook contributing to the gentrification of areas like Silicon Valley and Seattle. As noted by urban planners like Jane Jacobs and Richard Florida, gentrification raises important questions about urban development, social justice, and community identity.