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The answer to your question is no. It took 30 years for gentrification to spread from Greenwich Village to Williamsburg Brooklyn, and another 20 years to spread from Williamsburg to Bedstuy. NYC is a huge city in terms of population which it is the largest, and it is also the 2nd largest city in landmass after Los Angeles. Therefore NYC due to its size, economic zones, laws, demographics, the city can not gentrify quickly. The fastest cities that gentrify are San Francisco, DC and Boston. Why these cities gentrify faster? These cities are geographically small, also has a small population of 800,000 vs NYC which as more than 8 million. Large cites such as Chicago, Miami, Philly, LA and NYC have hard time gentrifying. For now only inner city neighborhoods of NYC will gentrify. Far flung areas of the city are middle income, to even low income, and do not provide any sort of scope for gentry folks to live in. Also these far flung neighborhoods are from Manhattan which is a huge inconvenience. IF NYC had the size of SF, or DC with similar population size, the whole entire NYC would have gentrified by now.
Bronxguyanese - you make some good points although I'd like to point out that Miami belongs more with your smaller cities list than with the larger cities you mentioned it with.
Bronxguyanese - you make some good points although I'd like to point out that Miami belongs more with your smaller cities list than with the larger cities you mentioned it with.
Thank you. I was just mentioning cities with populations over a million and with huge tracts of land.
I would also like to add is that in recent years we saw gentrification pick up is due to the recession of 2008 where we saw property and home values marked down a bit, coupled with lots. Interest rates where homes and land can be bought for a good sum of money.
DC or San Francisco are the most gentrified cities in America at the moment. Nyc does not even come close except for the island of Manhattan was a separate entity.
The media obsession is on gentrification in NYC. But it has been occurring everywhere. As far as the rate of which it happens, it might appear as though NYC is gentrifying quicker because the money that is required for it to happen may be accessible, to a greater degree, than it is other places. Investments in real estate in NYC are probably far greater than they are elsewhere. But that should be mistaken to assume that NYC is transforming quicker in NYC.
As Bronxguyanese stated, the gentrification was in Manhattan for like, forever. Going back to what, late seventies/early eighties? Then Brooklyn for a decade or so. And now other areas that no one wants to talk about because as far as the media is concerned, Manhattan and Brooklyn are the only significant parts of NYC worth mentioning. That doesn't mean you don't have gentrification in Akron, OH, or Dayton or some other town. But unless you hear about it, or you follow those boards on C-D or Skyscraper City or some other forum you'll never hear about it. I don't even hear about what is happening in DC here and I'm three hours away but I am familiar with what is going on in Hampton Roads.
This is pretty much how things go; the media is housed in NYC and LA so you'll always hear about those places first. Then you'll hear something about DC, because that is where the government is housed. Everyone else gets in where they fit in; Chicago because it is the closest thing to NYC you have in that part of the country, Atlanta because it is the New South, Detroit for all of the wrong reasons, which will probably never change. Akron and Dayton as a punchline or inside joke. Cleveland because the lake was on fire forty years ago. And then other cities because of their population.
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