Date of Award

5-2018

Document Type

Thesis

Degree Name

Bachelor of Science

Department

Economics

Abstract

Bedford Stuyvesant, Brooklyn is undergoing a socio-economic transformation, as surging interest from wealthy consumer segments creates pent- up demand for a limited supply of apartments, condominiums, and townhouses. (Hill and Rabig) The African American population of Bedford Stuyvesant has decreased from 75% to 60% in less than a decade. This research paper investigates the extent to which gentrification in Bedford Stuyvesant has caused displacement, or whether rising home prices have begun to create generational wealth for the mainstay, minority population. In this manner, the neighborhood of Bedford Stuyvesant is used to frame a study of gentrification and its effect on wealth creation or loss for non-white residents.

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