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

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  • 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
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    References listed on IDEAS

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    1. J Coakley, 1994. "The Integration of Property and Financial Markets," Environment and Planning A, , vol. 26(5), pages 697-713, May.
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    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.

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