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A New Look at Gentrification: 2. A Model of Gentrification

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  • P A Redfern

    (23 Cheniston Gardens, London W8 6TG, England)

Abstract

In this paper I propose a model of gentrification based on the notion that gentrification closes a gap between the flow of housing services fixed in a particular vintage of the housing stock and those available from the most modern properties. This gap is not a rent gap, therefore, but an investment gap. Modelled in this manner, gentrification appears as a problem of maximization under constraint and a subsubset of general home improvements. It is a transient and historically unique (noncyclical) phenomenon. Similarly, these constraints and the opportunities currently available to overcome them exist only in a particular historical context, the peculiarities of which must also be taken into account if gentrification is fully to be explained. In particular, these include the development of domestic technologies and the 19th-century conditions of supply of the housing available currently for gentrifying. I concentrate on the supply-side issues in gentrification, but deny that the demand-side issues can be handled via explanations based on postindustrialism, postmodernity, or the rise of a new middle class.

Suggested Citation

  • P A Redfern, 1997. "A New Look at Gentrification: 2. A Model of Gentrification," Environment and Planning A, , vol. 29(8), pages 1335-1354, August.
    • Handle: RePEc:sae:envira:v:29:y:1997:i:8:p:1335-1354
    DOI: 10.1068/a291335
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    References listed on IDEAS

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    1. Harcourt,G. C., 1972. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9780521096720, September.
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    Cited by:

    1. Chris Hamnett, 2003. "Gentrification and the Middle-class Remaking of Inner London, 1961-2001," Urban Studies, Urban Studies Journal Limited, vol. 40(12), pages 2401-2426, November.
    2. P.A. Redfern, 2003. "What Makes Gentrification 'Gentrification'?," Urban Studies, Urban Studies Journal Limited, vol. 40(12), pages 2351-2366, November.
    3. Jonathan Reades & Jordan De Souza & Phil Hubbard, 2019. "Understanding urban gentrification through machine learning," Urban Studies, Urban Studies Journal Limited, vol. 56(5), pages 922-942, April.
    4. Liu, Guiwen & Chen, Sijing & Gu, Jianping, 2019. "Urban renewal simulation with spatial, economic and policy dynamics: The rent-gap theory-based model and the case study of Chongqing," Land Use Policy, Elsevier, vol. 86(C), pages 238-252.
    5. P A Redfern, 1997. "A New Look at Gentrification: 1. Gentrification and Domestic Technologies," Environment and Planning A, , vol. 29(7), pages 1275-1296, July.
    6. Stefan Buzar & Philip Ogden & Ray Hall & Annegret Haase & Sigrun Kabisch & Annett Steinfiihrer, 2007. "Splintering Urban Populations: Emergent Landscapes of Reurbanisation in Four European Cities," Urban Studies, Urban Studies Journal Limited, vol. 44(4), pages 651-677, April.

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