Aging Suburbia At Risk Of 'De-gentrification'

"De-gentrification" is routine in Canada and the U.S. but not so common in the U.K.

1 minute read

May 8, 2006, 3:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech


"We know all about gentrification - whereby the professional classes colonise a previously down-at-heel area, bringing with them coffee shops, juice bars and organic hairdressers - but there must also be de-gentrification. For neighbourhoods, like mortgages, can go down as well as up. And those of us with our life savings in a property are going to be alert to the harbingers of decline: boarded-up windows, shops closing, squalid mattresses left on streets to rot...the greatest risk of de-gentrification is currently in the "high tide" areas: that is, the districts people where people go when they can't afford their first choice..."

Friday, May 5, 2006 in Telegraph (U.K)

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