Gentrification has contributed to the displacement of people and the disinvestment of neighborhoods in at-risk cities. In the last 20 years minorities have contributed to the investment and renewal of urban neighborhoods. Through these contributions a sense of racial uplift has occurred and the fear of displacement subsides when minority investors pursue the renovations of impoverished neighborhoods. Through academic literature, I aim to identify the benefits that can occur when minorities that identify with impoverished neighborhoods invest and renew marginalized communities.
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I agree with your stand on gentrification and believe that it would be better if the communities could be fixed rather than gentrified (such as we saw in the Holding Ground video). It is important for communities to stick together and if gentrification continues throughout the United States, lower-income families will have to be be displaced, and eventually, there would be nowhere for them to go.
When reading this, I wondered about some of the conversations from our class about how even though an upper- or middle-class minority, who identifies with the community, may be able to invest, would they risk their investments on a community that could potentially be taken over by the private investors anyway and they could lose everything?
(Caroline Cerand)