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1.
During the recent United States foreclosure crisis, investors purchased and leased thousands of homes nationwide, opening up formerly owner-occupied neighborhoods to renters. Yet, little is known about how this process affected regional patterns of residential segregation and inequality. In this study, we combine property-level data on real estate transactions and subsidized housing vouchers from 2004 to 2014 to assess whether the conversion of foreclosures to rentals enabled low-income renters to live in more advantaged neighborhoods in Phoenix, Arizona. Renters with vouchers living in investor-purchased foreclosures were in lower-poverty neighborhoods compared with those not living in investor-purchased foreclosures. This suggests that foreclosure sales may have widened the geography of opportunity for low-income renters with subsidized housing. 相似文献
2.
The divergent city: unequal and uneven development in St. Louis 总被引：1，自引：1，他引：0
In St. Louis, as in many other cities, decline and displacement occurred when key policies, prejudices, and plans interacted with broad economic restructuring to devastate poor and minority communities, while leaving White and middle-class communities largely intact. Amidst overall population loss and neighborhood decline are pockets of prosperity and gentrification within the central city. In this article, we analyze three significant planning interventions in St. Louis, Missouri, that spurred displacement of populations—urban renewal, triage, and the foreclosure crisis. We argue that the differential experiences of Black and White during each of these periods represent two faces of development: one in the north of the city that is largely Black, experiencing vacant land, high crime, and crumbling infrastructure; another in the south of the city that is largely White, enjoying pockets of vibrant commercial development, larger homes, and stable real estate markets. We analyze each period through a framework of uneven and unequal development and displacement, which we call the Divergent City Theory. Based on this theory, planners face an ethical obligation to plan for the future of their cities in a way that seeks to reconcile the structured race and class inequalities of the divergent city. 相似文献
3.
This article examines the effect of high foreclosure rates on postrecession lending. Our hypothesis is that high neighborhood foreclosure rates will have a significant and positive effect on the likelihood of mortgage loan denial. In a case study on Toledo, Ohio, we explore the role of foreclosure activity, race, and racial disparities in lending practices and how they differ across neighborhoods. Our results suggest that applicants in high-foreclosure neighborhoods have a greater likelihood of loan denial (ceteris paribus). We also find that minority applicants face a higher probability of loan denial in high-foreclosure minority neighborhoods. Overall, the results depict highly variable lending practices where race seems to make a difference albeit in a small subset of neighborhoods deeply affected by the foreclosure crisis. There is also some indication of a chilling effect on minority loan applicants in Toledo during the postrecession period. Key Words: foreclosure, logistic regression, mortgage lending, neighborhood contingency, race discrimination. 相似文献
4.
Wholesale funding and the increase in construction bank-owned real estate in the US financial crisis
Elora Raymond 《Urban geography》2017,38(9):1374-1392
The housing crisis left some metropolitan areas littered with partially constructed subdivisions and developments. Most of these failed developments were built by small construction firms reliant on small banks for finance. Failed construction projects became bank-owned real estate (REO), prolonging the crisis and contributing to an uneven recovery. But there is little research on the spatial distribution or financial processes driving construction REO. I use a finance-as-spatial fix theorization to describe increasing interrelation between construction lending and global capital markets through wholesale funding, and the subsequent buildup of construction REO. Wholesale funding allows small banks to access money markets. Controlling for economic growth, the home price bubble, and financial institutions, I use a national panel regression to identify key factors associated with high levels of construction REO in urban areas. Consistent with a finance-as-spatial-fix analysis, the strongest determinant of construction REO was the type of capital flows into small banks. 相似文献
5.
《Urban geography》2013,34(2):148-160
During the past decade, governments throughout the developing world have implemented policies promoting political and economic decentralization. To date, the study of decentralization has focused on political issues, while the consequences of these policies for geographical patterns of development have been largely ignored. This paper explores the geographical impacts of political decentralization with a study of changing patterns of real estate development in the metropolitan area of Caracas, Venezuela. In Venezuela, decentralization policies have created incentives for the fragmentation of the metropolitan area into a number of municipal governmental units, each pursuing its own developmental strategy. Resulting changes in the geographical patterns of real estate investment are examined. Particular consideration is given to development of a socially exclusive, multifunctional enclave within the city, that both divides and reorders the spatial structure of Caracas. [Key words: decentralization, municipal governance, real estate markets, Caracas, Venezuela.] 相似文献
6.
7.
基于点状数据与GIS的广州大都市区产业空间格局 总被引：3，自引：1，他引：2
利用2004年数字城市数据,研究了广州大都市区产业内部、产业之间的空间关系,比较了广州大都市区中心城区和新城区各种产业的空间格局。将广州大都市区行业分为制造业、批发和运输、零售、生产服务业、房地产业、管理服务、教育、医疗保健及社会扶助和娱乐设施等10类。利用1 km2格网画出了各行业点状密度,并通过分区产业百分比及区位商分析了各产业企业的空间分布,中心城区的主导产业是管理服务、房地产、零售及金融保险等服务行业,而在新城区其主导功能是制造业、批发与运输及生产服务业等。利用平均最邻近距离分析广州大都市区中心城区和新城区各产业内企业之间的空间关系,广州大都市区各产业企业都呈凝聚分布,在中心城区金融行业分布最集中,其次是房地产、生产服务业、娱乐、管理服务等。利用邻近性指数分析了各产业之间的空间关系,发现生产服务业和管理服务业、教育和医疗保健与社会扶助、娱乐和零售等邻近性较大。 相似文献
8.
Forest city,Malaysia, and Chinese expansionism 总被引：2，自引：2，他引：0
Sarah Moser 《Urban geography》2018,39(6):935-943
Over the past decade, an acceleration of Chinese state and private investment in urban infrastructure and real estate has transformed many skylines around the world. In 2014, a private Chinese company in collaboration with Malaysia’s Sultan of Johor state started construction on Forest City, a private gated luxury mega-development for 700,000 people on four reclaimed islands in the narrow strait that separates Malaysia and Singapore. While the official material for Forest City claims it is for all nationalities, it is being marketed predominantly in China and to ethnic Chinese communities in Southeast Asia. This paper investigates the broader implications for Singapore, Malaysia, and the region and makes two key arguments. First, I suggest Forest City is more than a Chinese-financed real estate development, rather it constitutes a Chinese neocolonial outpost to which Malaysia has largely conceded sovereignty and advances China’s expansionist agenda. Second, Forest City challenges current geopolitical dynamics and threatens to undermine Malaysia’s relationships with neighbouring countries. 相似文献
9.
《Urban geography》2013,34(2):121-137
Ordinary least-squares multiple regression is used to construct a path diagram showing the direct and indirect effects of corporate location factors on the share of foreign direct investment (FDI) in the 44 largest metropolitan areas in the United States during the period 1979-1983. The results show that the metropolitan areas with the most rapid population growth over the period 1970-1980 correspond to the centers with greater shares of FDI. The growth in Fortune measure, an indicator of the market dynamics of the metropolitan areas, has a direct effect on the level of investment. The growth of employment in manufacturing and in finance, insurance, and real estate, used as indexes of labor supply and of producer services, have indirect effects on FDI. The results show that foreign direct investors tend to concentrate in centers offering strong markets and strong bases of producer services, regardless of their regional locations. 相似文献
10.
FLOODPLAIN DELINEATION AND HOUSING SUBMARKETS: TWO CASE STUDIES 总被引：1，自引：0，他引：1
Burrell E. Montz 《The Professional geographer》1987,39(1):59-61
The effect of floodplain designation on the residential real estate market in two communities, Elmira, NY and Wilkes-Barre, PA, is presented. Discriminant analysis differentiates between floodplain and nonfloodplain housing, using as independent variables characteristics of the houses sold. Several varibles define submarkets, but they vary between the communities. Only selling price and lot size were significant for both communities. Distinct floodplain and nonfloodplain housing markets can be differentiated. This allows for isolation of socioeconomic and environmental variables that may contribute to the recovery of housing values following flooding or to the implementation of land use controls associated with floodplain designation. 相似文献
11.
Geographies of the financial crisis 总被引：4，自引：0，他引：4
Manuel Aalbers 《Area》2009,41(1):34-42
Real estate is, by definition, local as it is spatially fixed. Mortgage lending, however, has developed from a local to a national market and is increasingly a global market today. An understanding of the financial crisis is ultimately a spatialised understanding of the linkages between local and global. This article looks at the geographies of the mortgage crisis and credit crunch and asks the question: how are different places affected by the crisis? The article looks at different states, different cities, different neighbourhoods and different financial centres. Investors in many places had invested in residential mortgage backed securities and have seen their value drop. Housing bubbles, faltering economies and regulation together have shaped the geography of the financial crisis on the state and city level in the US. Subprime and predatory lending have affected low-income and minority communities more than others and we therefore not only see a concentration of foreclosures in certain cities, but also in certain neighbourhoods. On an international level, the long-term economical and political consequences of this are still mostly unknown, but it is clear that some financial centres in Asia (including the Middle East) will become more important now that globalisation is coming full circle. This article does not present new empirical research, but brings together work from different literatures that all in some way have a specific angle on the financial crisis. The aim of this article is to make the geographical dimensions of the financial crisis understandable to geographers that are not specialists in all – or even any – of these literatures, so that they can comprehend the spatialisation of this crisis. 相似文献
12.
Hongwei Dong 《Urban geography》2013,34(7):989-1010
This study develops nested logit models to explore the location choice of commercial developers in the Portland metropolitan area, a region that is widely known for its progressive urban growth management. The purposes are to study the dynamics of urban spatial structure from the supply side of the real estate market and to test the capacity of regional governments to manage urban growth by influencing the location choices of developers. The model results indicate that commercial development in the Portland region showed a clear trend of decentralization from its central city. Decentralized commercial developments were not generally dispersed in suburban areas either. Instead, commercial developers tended to locate them in locations within or in close proximity to employment subcenters. Among many control variables tested in the models, availability of vacant land zoned for commercial and industrial purposes proved to be the most important predictor for new commercial development. 相似文献
13.
《Urban geography》2013,34(5):373-396
Attention has been devoted to the globalization of international property investments during the 1980s and the role of Japanese investors in major financial centers and tourist resorts. This research seeks to establish how the locational preferences of Japanese investors in North American real estate markets were established. It utilizes a survey of 39 Japanese investment companies, together with important secondary data on investment outcomes, and distinguishes a number of ways in which information concerning overseas real estate investment opportunities was reviewed by decision makers in Japan. The results show that Japanese investors, far from being footloose, had fairly fixed locational preferences, were tied to a restricted range of centers (mainly New York, Los Angeles, and Hawaii), and hesitated to expand into a wider range of locations even after some time. Japanese investor behavior is shown to have ramifications for “world city” theory. 相似文献
14.
Carlos Teixeira 《The Professional geographer》1995,47(2):176-183
This study concerns the behavior and practices of real estate agents in the housing search process. The research investigates whether the information provided and houses recommended by agents working for Portuguese firms differ from the recommendations of agents working for firms owned by non-Portuguese brokers in the cities of Toronto and Mississauga (a western suburb of Toronto), Canada. Data for the study were obtained from a participant observation study of a sample of real estate agents. Empirical evidence indicates that the ethnicity of real estate agents (Portuguese versus non-Portuguese) and the brokers for whom they work (Portuguese-owned firms versus non-Portuguese-owned firms) determine to a considerable extent the marketing strategies of agents and the neighborhoods they recommend. 相似文献
15.
门禁社区边界和家的构建关系研究 总被引：1，自引：0，他引：1
门禁社区作为一种全球现象引起了学界的广泛关注。当前研究中,空间、制度、经济和社会维度是学者们关注的焦点,对门禁社区的文化分析则相对薄弱。研究基于我国社会情境,从“边界”和“家”这两个不同,却又相互交织的理论视角出发,探讨围墙的意义和家的构建,对国际范围内关于门禁社区的争论提供文化的视角。研究发现,“家”的构建是通过创建“边界”来实现的。门禁社区的围墙和大门不仅仅是物质性的边界,更是一种社会和文化建构,它构建了“家”,同时也成为围墙内外居民争夺“家园”的象征。 相似文献
16.
Joe Doherty 《Urban geography》2013,34(1):1-4
Investors in single-family residential properties have played a crucial role in the United States foreclosure crisis. In this paper, we analyze investor behavior in the diverse urban housing market of Fulton County, Georgia. We examine the composition of buyers of lender-owned properties at two different stages of the foreclosure crisis, and analyze the intrametropolitan geography of investment. Results indicate that large-scale investors are most active in low-value housing submarkets with high poverty and vacancy rates. 相似文献
17.
《Urban geography》2013,34(8):680-707
The study of suburban downtowns in the past has emphasized the emergence of multinucleation in urban structure and the growing independence of multiple urban realms. The purpose of this study is to develop a framework to identify and compare the employment profiles of each downtown in a metropolitan area, including the CBD. Using data on retail employment, services, and finance, insurance, and real estate (FIRE), the four downtowns that exist in the Atlanta region are examined, together with scattered-site employment. This study suggests that downtowns, rather than existing as independent urban realms, are mutually interdependent based on work-trip commuting patterns, shopping behavior, and traffic flows in general, all of which increasingly are automobile based. Mass transit ridership suffers from its primary focus on radial services to and from the CBD and poor service levels to other downtowns and to scattered employment sites. 相似文献
18.
城市土地利用—交通集成模型的构建与应用 总被引：1，自引：1，他引：0
中国目前正经历着城市化转型,科学合理的空间政策是城市可持续发展的重要保障,因此开展政策情景实验、辅助空间决策具有重要现实意义。本文构建了土地利用—交通集成模型,模拟城市活动空间分布,称作SDA（Spatial Distribution of Activities）模型。该模型主要包含4个子模型：交通模型、家庭区位模型、经济活动区位模型、房租模型;并以北京市为例模拟土地利用政策对城市空间发展的影响。研究表明,延续过去5年（2009-2013年）房地产开发模式至2030年,则由于周边房地产开发数量较高、房租较低,越来越多的人口和企业将向郊区聚集（增长速度更大）。该趋势与目前疏解北京社会经济活动、缓解交通拥堵的规划目标相一致,模型可以很好地检验土地利用政策情景影响。而“基于活动”的模型被认为是模型发展趋势,因此,本文构建的SDA模型不仅可以检验不同政策对城市空间影响、辅助城市空间决策,也有助于推动LUTI模型的发展及其在国内的应用,丰富和发展国内城市空间模拟分析的研究内容。 相似文献
19.
《Urban geography》2013,34(8):745-784
In 2008, there will be at least 2.5 million new foreclosures in the United States. Record levels of mortgage delinquency, default, and foreclosure are causing widespread hardship in cities and suburbs across America, and causing repeated destabilization of global credit and investment markets. In this Forum, six housing specialists unravel the complex connections between urban geography, subprime lending, and foreclosure. Although a wide variety of view-points are represented, three common threads are evident. First, foreclosures are tightly linked to the lax underwriting standards and aggressive business practices of the subprime mortgage market. Second, the subprime-foreclosure linkage is a reflection of the steady deregulation of U.S. financial markets and the promotion of homeownership as the cornerstone of national housing policy. Third, deregulated mortgage market segmentation has created uneven new geographies of debt, risk, and default—superimposed atop existing landscapes of old-fashioned exclusionary discrimination. Low-income and racially marginalized neighborhoods, once redlined and excluded from mainstream credit markets, were at the center of the profitable wave of subprime abuse and equity extraction during the long housing boom, and are now at the center of the long, slowly unfolding catastrophe of the U.S. foreclosure crisis. 相似文献
20.
Dorota Mantey 《The Professional geographer》2017,69(1):151-161
This article aims to determine how three factors—the fence, the internal public space, and the type of building—affect the sense of community, as well as the perception of social divisions that gated communities generate and the need for integration between people living in and outside gated communities. Its results are based on the survey conducted in two villages, Józefos?aw and Julianów, located in the Warsaw metropolitan region. It has been found that the existence of a physical barrier in the form of a fence affects the perception of human relationships. Research has confirmed the negative impact of fencing off on social bonds, the sense of community, and attachment to the area beyond the housing estate. The study of Józefos?aw and Julianów, however, has proved that for the residents of suburban gated communities the key factor that can increase their sense of community is access to an internal public space. The sense of community and the attachment to the area of residence are also dependent on the type of building. Inhabitants of suburban gated communities dominated by multifamily housing are definitely characterized by a weaker attachment. 相似文献