IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v33y2001i5p863-880.html
   My bibliography  Save this article

Inner-City Real Estate Investment, Gentrification, and Economic Recession in New York City

Author

Listed:
  • Jason Hackworth

    (Department of Geography, Florida State University, Tallahassee, FL 32306-2190, USA)

Abstract

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.

Suggested Citation

  • Jason Hackworth, 2001. "Inner-City Real Estate Investment, Gentrification, and Economic Recession in New York City," Environment and Planning A, , vol. 33(5), pages 863-880, May.
    • Handle: RePEc:sae:envira:v:33:y:2001:i:5:p:863-880
    DOI: 10.1068/a33160
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a33160
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a33160?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. J Coakley, 1994. "The Integration of Property and Financial Markets," Environment and Planning A, , vol. 26(5), pages 697-713, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tom Slater, 2004. "North American Gentrification? Revanchist and Emancipatory Perspectives Explored," Environment and Planning A, , vol. 36(7), pages 1191-1213, July.
    2. Ling Hin Li, 2015. "State or market: the role of the government in urban village regeneration in China," International Journal of Urban Sciences, Taylor & Francis Journals, vol. 19(2), pages 157-167, July.
    3. Tom Slater & Winifred Curran & Loretta Lees, 2004. "Guest Editorial," Environment and Planning A, , vol. 36(7), pages 1141-1150, July.
    4. Seth A. Williams & John R. Hipp, 2022. "The shape of neighborhoods to come: Examining patterns of gentrification and holistic neighborhood change in Los Angeles County, 1980–2010," Environment and Planning A, , vol. 54(2), pages 265-294, March.
    5. Elizabeth C Delmelle & Jean-Claude Thill, 2014. "Neighborhood Quality-of-Life Dynamics and the Great Recession: The Case of Charlotte, North Carolina," Environment and Planning A, , vol. 46(4), pages 867-884, April.
    6. Yijia Wen & Li Fang & Qing Li, 2022. "Commercial Real Estate Market at a Crossroads: The Impact of COVID-19 and the Implications to Future Cities," Sustainability, MDPI, vol. 14(19), pages 1-16, October.
    7. Elvin K Wyly & Daniel J Hammel, 2004. "Gentrification, Segregation, and Discrimination in the American Urban System," Environment and Planning A, , vol. 36(7), pages 1215-1241, July.
    8. Peter Wissoker & Desiree Fields & Rachel Weber & Elvin Wyly, 2014. "Rethinking Real Estate Finance in the Wake of a Boom: A Celebration of the Twentieth Anniversary of the Publication of the Double Issue on Property and Finance in Environment and Planning A," Environment and Planning A, , vol. 46(12), pages 2787-2794, December.
    9. Winifred Curran, 2004. "Gentrification and the Nature of Work: Exploring the Links in Williamsburg, Brooklyn," Environment and Planning A, , vol. 36(7), pages 1243-1258, July.
    10. Mark Davidson & Loretta Lees, 2005. "New-Build ‘Gentrification’ and London's Riverside Renaissance," Environment and Planning A, , vol. 37(7), pages 1165-1190, July.
    11. Alex Ramiller, 2022. "Displacement through development? Property turnover and eviction risk in Seattle," Urban Studies, Urban Studies Journal Limited, vol. 59(6), pages 1148-1166, May.
    12. Alessandro Venerandi & Mattia Zanella & Ombretta Romice & Jacob Dibble & Sergio Porta, 2017. "Form and urban change – An urban morphometric study of five gentrified neighbourhoods in London," Environment and Planning B, , vol. 44(6), pages 1056-1076, November.
    13. You-Ren Yang & Chih-hui Chang, 2007. "An Urban Regeneration Regime in China: A Case Study of Urban Redevelopment in Shanghai's Taipingqiao Area," Urban Studies, Urban Studies Journal Limited, vol. 44(9), pages 1809-1826, August.
    14. Jason Hackworth, 2021. "Why Black‐Majority Neighbourhoods Are The Epicentre Of Population Shrinkage In The American Rust Belt," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 112(1), pages 44-61, February.
    15. Andrejs Skaburskis, 2006. "Filtering, City Change and the Supply of Low-priced Housing in Canada," Urban Studies, Urban Studies Journal Limited, vol. 43(3), pages 533-558, March.
    16. Carolina Sternberg & Matthew Anderson, 2014. "Contestation and the local trajectories of neoliberal urban governance in Chicago’s Bronzeville and Pilsen," Urban Studies, Urban Studies Journal Limited, vol. 51(15), pages 3198-3214, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Josh Ryan-Collins, 2021. "Breaking the housing–finance cycle: Macroeconomic policy reforms for more affordable homes," Environment and Planning A, , vol. 53(3), pages 480-502, May.
    2. Peter Wissoker & Desiree Fields & Rachel Weber & Elvin Wyly, 2014. "Rethinking Real Estate Finance in the Wake of a Boom: A Celebration of the Twentieth Anniversary of the Publication of the Double Issue on Property and Finance in Environment and Planning A," Environment and Planning A, , vol. 46(12), pages 2787-2794, December.
    3. Antoine Guironnet, 2019. "Cities on the global real estate marketplace: urban development policy and the circulation of financial standards in two French localities," Post-Print halshs-02297204, HAL.
    4. Dörry Sabine & Heeg Susanne, 2009. "Intermediäre und Standards in der Immobilienwirtschaft," ZFW – Advances in Economic Geography, De Gruyter, vol. 53(1-2), pages 172-190, October.
    5. Rachel Weber, 2010. "Selling City Futures: The Financialization of Urban Redevelopment Policy," Economic Geography, Clark University, vol. 86(3), pages 251-274, July.
    6. Ludovic Halbert & Katia Attuyer, 2016. "Introduction: The financialisation of urban production: Conditions, mediations and transformations," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1347-1361, May.
    7. Alireza Dehesh & Cedric Pugh, 2000. "Property Cycles in a Global Economy," Urban Studies, Urban Studies Journal Limited, vol. 37(13), pages 2581-2602, December.
    8. John R Bryson & Rachel Ann Mulhall & Meng Song & Richard Kenny, 2017. "Urban assets and the financialisation fix: land tenure, renewal and path dependency in the city of Birmingham," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(3), pages 455-469.
    9. Amy Horton, 2022. "Financialization and non-disposable women: Real estate, debt and labour in UK care homes," Environment and Planning A, , vol. 54(1), pages 144-159, February.
    10. H MacDonald, 1996. "The Rise of Mortgage-Backed Securities: Struggles to Reshape Access to Credit in the USA," Environment and Planning A, , vol. 28(7), pages 1179-1198, July.
    11. Aveline-Dubach, Natacha, 2022. "The financialization of rental housing in Tokyo," Land Use Policy, Elsevier, vol. 112(C).
    12. Ludovic Halbert & John Henneberry & Fotis Mouzakis, 2014. "Finance, Business Property and Urban and Regional Development," Regional Studies, Taylor & Francis Journals, vol. 48(3), pages 421-424, March.
    13. Hortense Rouanet & Ludovic Halbert, 2016. "Leveraging finance capital: Urban change and self-empowerment of real estate developers in India," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1401-1423, May.
    14. Colin Lizieri & Andrew Baum & Peter Scott, 2000. "Ownership, Occupation and Risk: A View of the City of London Office Market," Urban Studies, Urban Studies Journal Limited, vol. 37(7), pages 1109-1129, June.
    15. Anelli, Debora & Tajani, Francesco, 2023. "Spatial decision support systems for effective ex-ante risk evaluation: An innovative model for improving the real estate redevelopment processes," Land Use Policy, Elsevier, vol. 128(C).
    16. Martina Fuchs & André Scharmanski, 2009. "Counteracting Path Dependencies: ‘Rational’ Investment Decisions in the Globalising Commercial Property Market," Environment and Planning A, , vol. 41(11), pages 2724-2740, November.
    17. Simon Guy & Robert Harris, 1997. "Property in a Global-risk Society: Towards Marketing Research in the Office Sector," Urban Studies, Urban Studies Journal Limited, vol. 34(1), pages 125-140, January.
    18. Natacha Aveline-Dubach, 2004. "Property markets in Tokyo and the management of the last Boom-bust cycle (1985-2002)," Post-Print halshs-00430984, HAL.
    19. Benjamin F Teresa, 2016. "Managing fictitious capital: The legal geography of investment and political struggle in rental housing in New York City," Environment and Planning A, , vol. 48(3), pages 465-484, March.
    20. Natacha Aveline-Dubach, 2022. "Financializing nursing homes? The uneven development of health care REITs in France, the United Kingdom and Japan [Financiariser les maisons de retraite médicalisées ? Le développement inégal des f," Post-Print halshs-03549729, HAL.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:33:y:2001:i:5:p:863-880. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.