James Frank Dy Zarsadiaz (a Ph.D. candidate at Northwestern) published an article in Atlantic Cities a few days ago called, “Why gentrification is so hard to stop.”
In it, he essentially talks about how neo-liberalism has allowed private interest to trump public good and how it has dramatically changed cities and the expectations of its residents:
"…those who can afford to live in a city now expect a personalized, "just for you" urban lifestyle. For-profit companies chase these urbanites with upscale housing and creative marketing campaigns, transforming blighted and blue-collar neighborhoods into "livable" urban nooks."
Now, as a developer I know I’m biased here, but is gentrification really as evil as he makes it out to be?
One of the most insightful comments on the article had the following to say:
"I’ve always maintained that gentrification is what occurs when demand exceeds supply and blight is what occurs when supply exceeds demand."