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Status, Quality and the Other Trade-off: Towards a New Theory of Urban Residential Location

Author

Listed:
  • Hoang Huu Phe

    (Development Planning Unit, University College London, 9 Endsleigh Gardens, London WC1H 0ED, UK, phebinh@cix.co.u)

  • Patrick Wakely

    (Development Planning Unit, University College London, 9 Endsleigh Gardens, London WC1H 0ED, UK, p.wakely@ucl.ac.uk)

Abstract

The existing models of residential location are facing difficulties in explaining new trends in urban development such as gentrification and abandonment. The mainstream approach which stresses the bid-rent formulations and the access/space trade-off seems to be at variance with the current reality of dispersal of both industry and housing in modern cities. In this paper, it is proposed that the focus on the city centre(s) and distance(s) from it (or them) should be shifted to two other categories of parameter: housing status and dwelling quality. A model of interaction between these parameters can be used not only to describe but also to predict various types of residential development in different urban contexts. The components of a new theory of residential location are proposed.

Suggested Citation

  • Hoang Huu Phe & Patrick Wakely, 2000. "Status, Quality and the Other Trade-off: Towards a New Theory of Urban Residential Location," Urban Studies, Urban Studies Journal Limited, vol. 37(1), pages 7-35, January.
    • Handle: RePEc:sae:urbstu:v:37:y:2000:i:1:p:7-35
    DOI: 10.1080/0042098002276
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    References listed on IDEAS

    as
    1. Fujita,Masahisa, 1991. "Urban Economic Theory," Cambridge Books, Cambridge University Press, number 9780521396455, January.
    2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    3. repec:rri:bkchap:16 is not listed on IDEAS
    4. Alan W. Evans, 1973. "The Economics of Residential Location," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01889-5.
    5. repec:brs:ecchap:16 is not listed on IDEAS
    6. Grant I. Thrall, 1987. "Land Use and Urban Form," Wholbk, Regional Research Institute, West Virginia University, number 16, July-Sept.
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    Cited by:

    1. Vincenzo Del Giudice & Pierfrancesco De Paola & Torrieri Francesca & Peter J. Nijkamp & Aviad Shapira, 2019. "Real Estate Investment Choices and Decision Support Systems," Sustainability, MDPI, vol. 11(11), pages 1-18, June.
    2. K.M. Gibler & P. Taltavull, 2010. "Using preferences for international retiree housing market segmentation," Journal of Property Research, Taylor & Francis Journals, vol. 27(3), pages 221-237, July.
    3. Karen M. Gibler & Paloma Taltavull & Jos?Manuel Casado-Dˆqaz & Mari Angeles Casado-Dˆqaz & Vicente Rodriguez, 2009. "Examining Retirement Housing Preferences Among International Retiree Migrants," International Real Estate Review, Global Social Science Institute, vol. 12(1), pages 1-22.
    4. You Seok Chung & Ducksu Seo & Jaehwan Kim, 2018. "Price Determinants and GIS Analysis of the Housing Market in Vietnam: The Cases of Ho Chi Minh City and Hanoi," Sustainability, MDPI, vol. 10(12), pages 1-18, December.
    5. Del Giudice, V. & De Paola, P. & Torrieri, F. & Pagliari, F., 2009. "A decision support system for real estate investment choice," Serie Research Memoranda 0010, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    6. Boeing, Geoff, 2018. "The Effects of Inequality, Density, and Heterogeneous Residential Preferences on Urban Displacement and Metropolitan Structure: An Agent-Based Model," SocArXiv mkq7d, Center for Open Science.
    7. Cory Barringhaus, 2003. "Gentrification," NEURUS papers neurusp61, NEURUS - Network of European and US Regional and Urban Studies.

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