Inner-city real estate investment, gentrification, and economic recession in New York City

Considerable debate about the significance of the early 1990s recession (and subsequent property boom) on gentrification is still largely unresolved because the scale of analysis used to research this question has continued to focus on the neighborhood. This study examines the influence of recession...

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Bibliographic Details
Published inEnvironment and planning. A Vol. 33; no. 5; pp. 863 - 880
Main Author HACKWORTH, J
Format Journal Article
LanguageEnglish
Published London Pion 01.05.2001
Pion Ltd, London
SeriesEnvironment and Planning A
Subjects
America
Bgi / Prodig
Capital market
Housing market
Inner city
Investment
Middle atlantic
New York
Real estate
Real estate market
Recession
Uneven development
United States of America
New York City
United States of America
Real estate market
Gentrification
Rehabilitation
Inner city
Housing
Economic recession
Investment
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Summary:Considerable debate about the significance of the early 1990s recession (and subsequent property boom) on gentrification is still largely unresolved because the scale of analysis used to research this question has continued to focus on the neighborhood. This study examines the influence of recession on gentrification in New York City through citywide housing-market data. By using a wider lens to examine gentrification, the larger progression of uneven development and its recent acceleration become clearer. It also becomes evident that the process (of gentrification) is changing, qualitatively and quantitatively, in ways that are difficult to discern in localized studies.
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ISSN:0308-518X
1472-3409
DOI:10.1068/a33160