Gentrification is when a low-cost, deteriorated neighborhood undergoes a physical change and turns into an upper-class, high-society area. It leads to higher property values and displaces previous residents who can no longer afford to live in their old neighborhood.
- In the late nineties there was a Mission Yuppy Eradication Project.
The new wave of gentrification in the late 2000's is driven by a combination of a roaring tech economy, the popularity of tech buses (Google Bus) enabling smooth commutes to Silicon Valley and a flood of foreign cash is making this gentrification even more extreme than those of the past.
- Real Estate Expert says China Cash is driving soaring SF House Prices (CBS)
Also check out
- A year in the life of the Anti-Displacement Movement — a good chronology of some of the influx of 90s dot-com residents and businesses in the Mission district.
- Living on the Flip Side of 18th Street -- an interview with a longer-term resident of 18th street.
- Anger over gentrification turned into song -- post on the Mission Mission blog.
- Gentrification's Price: SF Moves: Yuppies In, the Poor Out -- article from 1985(!) about gentrification in SF
- 2014-03-12: another "whither san francisco" couch-fainting piece, this time on medium and with very nice digital art of the city!
- A nice summary article: 2014-04-15: "Tech Boom Forces a Ruthless Gentrification in San Francisco" Newsweek
- How the Internet ruined San Francisco, Paulina Borsook, Salon -- article from 1999 but except for it's frequent references to SUVs, could have been written in 2013