Question

What is a common consequence of redevelopment or gentrification in urban areas?

A. Decrease in property values
B. Increased diversity in the community
C. Displacement of lower-income residents
D. Expansion of affordable housing

Answer 1

Gentrification commonly results in the displacement of lower-income residents as property values and rents in urban areas increase, making it financially challenging for long-standing residents to remain in their neighborhoods.

Step-by-step explanation:

A common consequence of gentrification or redevelopment in urban areas is the displacement of lower-income residents. This occurs as property values and rents rise, making it increasingly difficult for long-standing residents and local businesses to afford the cost of living or business operations in their neighborhoods. The process often results in the involuntary displacement of these lower-income residents to less desirable areas, where affordable options are more readily available. Gentrification can also lead to changes in the demographic composition of a neighborhood, often diminishing its ethnic and socioeconomic diversity.