 You don't need to be an 'investor' to invest in Singletrack: 6 days left: 95% of target - Find out more
Article in the Guardian today about London Fields in that London. If you don't know the area (it's south of Northumberland) but it used to be (some may say still is) ....how to put this nicely..... not the most desirable place to live. Now, it is, and it's all gone a bit far, think many.
Gentrification. Love it or loathe it ? 🙂
Love it. Last week we wandered around Brooklyn, New York, an area where you wouldn't have dared set foot 30 years ago. The brownstone and older clapboard buildings look fantastic restored. We got chatting with a resident and learned that the process of re-gentrification had happened in exactly the same way as with 62 Falkner Street in Liverpool, as described in the BBC's excellent A House Through Time programme. Bring it on; it can only benefit cities and make them better places for everyone to live.
I've lived in the London Fields area since 2004, and had been hanging out with friends who lived around there for many more years before that, so I've seen the whole process from start to finish. For what it's worth I did prefer the area as it used to be, and that has now gone forever, but you know what? Nothing stays the same, and few places change quicker than London. At some point in the future the tide will turn (if it hasn't already) and you'll get just as many people getting upset and experiencing upheavel at that also. Soo...watchagonnadoo?!
Those complaining about ‘gentrification’ spoiling parts of cities would perhaps like the return of the Rookeries? Gentrifying is an entirely natural process that happens when people are forced by high prices elsewhere to look at run-down parts of cities, their presence then encourages small businesses to start to open up to serve residents with a bit more disposable income, and so it goes. Of course, people could always continue living in a slum... 🙄