People Are Sharing The “Warning Signs” That A Place Is About To Get Really, Really Expensive, And They’re Right On The Money
For years, people have been increasingly vocal about gentrification and how it's affected their own lives and communities.
The Urban Displacement Project describes gentrification as "a process of neighborhood change that includes an economic change in a historically disinvested neighborhood — by means of real estate investment and new higher-income residents moving in — as well as demographic change — not only in terms of income level but also in terms of changes in the education level or racial make-up of residents."
CBC
Gentrification is a complex issue, and it has been known to negatively impact low-income communities and people of color, as it typically leads to forced displacement.
People on Reddit have been discussing signs that an area will be gentrified, and it's eye-opening. Here's what they had to say:
1."The FIRST sign is the first quirky coffee shop that isn't a Starbucks. See one of those, and grab you some real estate, because the bougies are coming, and they're bringing stupid housing prices with them."
2."Old buildings get torn down. Before the beginnings of gentrification, the lots weren't worth removing the condemned buildings; renovation teams start showing up in neighborhoods that haven't been renovated in decades. Lawns start getting cut on a weekly basis. Once a neighborhood goes from condemned to livable, all the other stuff starts to happen pretty quickly."
"A lot of this is spearheaded by property developers/home flippers looking at analytics to find the next neighborhood to invest in."
3."At some point, an organic grocery store opens up. The crime rate goes down over time. Home prices/rents go up quickly. More coffee shops and breweries."
4."Recovering planner here. In the background, people look for parcels that are worth more than the improvements. If there are a lot of them in an area — especially an area with amenities and good transport bones, it is a good candidate."
5."Rent going up 300% over the course of a decade."
"I took a gander at my old Atlanta apartment that I moved into six or seven years ago that I rented for $800 a month. It's now around $2K. It was a POS."
6."If an area is headed for gentrification, people who don’t have children start moving in. Artists, musicians, writers. College students. Restaurants, especially trendy restaurants. Galleries and music venues. Bookstores. Coffee houses. All the kinds of places young hipsters like. Housing stock that is neglected but can be restored. Young people living in a cooperative."
"Sometimes, the gentrification doesn’t launch. It’s not guaranteed. If there’s too much crime, if the resources needed to lift it up vanish due to external circumstances or a lack of collective momentum by investors, it may fail."
7."One thing that has stood out is a new trendy name that has come out of nowhere. We live in 'insert name,' and it’s been called that forever. Uhhh, no it hasn’t!"
"Exactly! We actually have a new area deemed SODO. I asked someone once about all of the names, and I almost lost it and laughed in their face. They asked how would you know where to go if you had to meet someone somewhere or go to their house. I held it together, but I’m sure my face gave it away. I don’t even think I responded to that."
8."If you follow your local newspapers and you start reading about apartments being sold and the new owners wanting to renovate is a sign. This type of action by the new owner will usually come with mass eviction notices — especially, if they are rent-controlled and support certain demographics, like senior citizens or those who are lower income."
"Then when the reno is complete, the new owner jacks the rent up ensuring old tenants can't ever come back, sending displaced tenants away like a ripple effect to the next cheapest block or city. Then the neighboring apartment buildings say, 'Well, the apartments next door are charging the new amount, so should I,' then the next wave starts, with or without the renovations. The cycle continues. Demand in the new area for newly displaced or gentrified population will then be focused on by the last corporate apartments buyers to do it all again until we all live in a van down by the river."
9."The 'artisan' restaurants that make a classic food (burger, taco, etc.) and make them 25 dollars because of their premium 'aiolis' or other fancy ingredients. They're usually decorated with a graphic of the parts of a cow or pig."
10."Mass buying of local properties by real estate investors, while pricing out local buyers."
11."Gentrification isn't random. It's an ongoing process. I live in Charleston, South Carolina. We've experienced significant growth in my lifetime. We've gotten to the point where building new neighborhoods further out is an increasingly less viable option. Add to this, large employers moving into North Charleston, and you have a recipe for gentrification. This isn't because someone bought an old gas station and turned it into an art gallery. It's because people need a place to live, and industry is growing in our city. Those art galleries and taco shops are responding to the same economic conditions that the developers are. They see an economically depressed area in commuter distance to major employers."
"This drives down rents, which makes the area desirable for new businesses. Some of them will stay (like the taco shop), while others will have to move on when rents start to get high (like the art gallery)."
12."People running or jogging, especially during the weekday mornings."
"I lived in a neighborhood that was gentrifying and remember a local telling me, who was pushing my baby around in a stroller, that 10 years prior she had almost never seen anyone walk around in her neighborhood."
13."I've worked in Civic Center San Fransico since 2003, so I've seen its evolution for the past 19 years. This place went from a total wasteland to one of the busiest locations in the city. The first thing they did right when Twitter moved in? They started razing all the cheap hole-in-the-wall restaurants and parking lots for shiny new apartment buildings. Basically expect any old ma and pa businesses and parking lots to be the first to go."
14."You know a place is being gentrified when a lot more artists move in. Artists first go somewhere for cheap prices and then make it 'interesting' to richer people. We then — usually accidentally — attract monied people who want to either be associated with us or exploit us, and then, the dive bars flourish. Then, you start seeing artisanal coffee spots. From there, you give it five years."
—Anonymous
15."Franchises start replacing local businesses."
16."Big demographic shifts. Not just the people of the neighborhood, but the local businesses as well."
17."I experienced this in Atlanta through the full process. I moved into a neighborhood that was mostly elderly residents who have probably lived there 20+ years. The house I bought needed repair, but this was in 2011, so the price was manageable. The first sign of things changing was an increase in racist judgemental posts on Nextdoor that were like, 'Sketchy AA male acting weird and walking in the street.' When I moved in, my neighbors were extremely friendly and let us know some of the characters in the area, like 'Watch out for the guy who tries to get you to drive him to Auto Zone then try to scam you for cash-type stuff. Then a new development went up down the street (my street was half in a nice city zone and half in the incorporated county). This is what really started the process. Another development went up a year or so later."
"Skip maybe five years, and I ran into a lot more families out and about, many houses were renovated, flipped, etc. Eventually, a higher-end grocery store was developed very close by."
18."For restaurants, at least like 8–10 years ago, it was: Edison Bulbs, those metal bar chairs (you know the ones), reclaimed pallet wood facades, roll-up doors, and $15 for a handful of tater-tots with 'aioli,' which is just hot sauce mixed with mayonnaise."
And finally...
19."I think by the time you start seeing it, it's already happened. Displacement and rent increases are mostly invisible (comparatively). By the time the new condos and bougie shops sprout up, it's already past the tipping point."
What are some other signs that an area will be gentrified/is about to become really expensive? Let us know your thoughts in the comments below.
Note: Some responses have been edited for length and/or clarity.
