Readings in Urban Analysis 2017
DOI: 10.4324/9781315128061-16
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Toward A Theory of Gentrification: A Back to the City Movement by Capital, Not People

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Cited by 170 publications
(290 citation statements)
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“…The process takes advantage of the rent gap (Smith, 1979), wherein the profit potential of land in brownfield areas is quite high, if land can be decontaminated (Bryson, 2012;Teelucksingh, 2009). Desfor et al's (2004, page 170) Toronto-based research suggests that such development is seen by cities as a solution to "historical legacies of industrial pollution", as it reopens these spaces to capital accumulation.…”
Section: Environmental Gentrificationmentioning
confidence: 99%
“…The process takes advantage of the rent gap (Smith, 1979), wherein the profit potential of land in brownfield areas is quite high, if land can be decontaminated (Bryson, 2012;Teelucksingh, 2009). Desfor et al's (2004, page 170) Toronto-based research suggests that such development is seen by cities as a solution to "historical legacies of industrial pollution", as it reopens these spaces to capital accumulation.…”
Section: Environmental Gentrificationmentioning
confidence: 99%
“…2 The behaviour of homeowners in Beach Road who are renting their homes can also be understood in the context of the rent-gap theory, the dominant production-side explanation for gentrification. This theory argues that landlords or developers will aim at attaining the maximum possible profitability for their property above the current payable rent (Smith 1979;Sussna 1989). As can be seen in the above descriptions, the relocation of owners from Beach Road and subsequent renting of their properties allows them to capitalize on the rent gap-or difference between the potential rent and the rent capitalized under the present land use-that exists for their properties.…”
Section: Residential Neighbourhoods: Coincidence Of Consumption-side mentioning
confidence: 99%
“…In other words, it is the difference between the price of the land at its current use and its potential worth at its 'highest and best use' (Ibid: 543). The bigger the gap, Smith (1979) argues, the stronger the prospects of attracting developers to the core in the hope of maximizing profit when the properties are redeveloped. In the course of development of these devalued urban core lands to reduce the rent-gap, lower income people are often displaced because they lack the financial clout to maintain owner or renter status in the redeveloped properties.…”
Section: Introductionmentioning
confidence: 98%
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“…The postulated racially motivated abandonment of many neighborhoods and the subsequent spread of poverty and vacancy suggest that housing condition will decline, because the presence of vacant homes and deteriorating neighborhood quality are strong predictors of residential maintenance, as existing homeowners begin to neglect their own properties (Helms, 2012;Smith, 1979;Spivack, 1991). That decline has been shown to be related to vacancy highlights the presumed inevitability of the neighborhood life cycle idea (Metzger, 2000): as community-level socioeconomic status filters downward, residents become less able to maintain their homes, and the decreasing desirability reduces maintenance and increases abandonment.…”
Section: Mappingmentioning
confidence: 99%