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Gentrification—the movement of middle income households into low income neighborhoods, subsequently displacing existing residents and upgrading the housing stock—is a relatively insignificant phenomenon when assessed against its overall contribution to housing choice and neighborhood change in the United States. Despite this, it has received a great deal of media attention, been touted by elected officials and scrutinized by academics. The discrepancy can be explained by the historical emergence of gentrification during a period when older central cities were experiencing major and seemingly irresistible decline. Gentrification promised to save those cities, and fit prevailing ideologies. Gentrification became an ideological event whose importance exceeded its socio-economic consequences.
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