Gentrification

Question 1

Gentrification definition

Answer 1

The buying and renovating of properties often in a more rundown areas by welfare individuals

Question 2

The rent gap

Answer 2

The situation when the price of property is full and blurts real value so there is a gap between actual and potential price

Question 3

Commuting cost

Answer 3

Commuting can be time-consuming, expensive and stressful moving close to the city eliminates this

Question 4

benefits of gentrification

Answer 4

Rise in general level of prosperity and in increasing numbers and range of services and businesses, increasing local tax income, environment improved area improved, greater employment opportunities

Question 5

Cost of gentrification

Answer 5

Low income cannot afford higher property prices or rent, higher car ownership may increase congestion, potential loss of business for traditional local shops, seen as a threat to community for wealthy people and lower income

Question 6

Edge cities

Answer 6

Are self-contained Settlement which have emerged beyond the original city boundary and developed as cities In their own right