Seminar paper from the year 2014 in the subject English Language and Literature Studies - Culture and Applied Geography, grade: 1,7, University of Hamburg (Institut für Anglistik und Amerikanistik), language: English, abstract: Gentrification, the gradual displacement of a neighborhood's original inhabitants by more affluent newcomers, is a phenomenon that has shaken up large urban areas around the globe. In New York City, a city known for proximity to wealth and power and inequality alike, has been on the forefront of this development. This seminar paper provides a descriptive overview of the research on the current state of gentrification in N. Y. C. and trends that may shape the local housing market dynamics of the future.