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The Housing Crisis And The Rise Of The Real Estate State, Samuel Stein Oct 2019

The Housing Crisis And The Rise Of The Real Estate State, Samuel Stein

Publications and Research

This article — an excerpt from my book, Capital City, with elaborations on a number of key points — argues that the housing crises endemic to contemporary capitalism must be understood as a result of the concentration of global capital into real estate and the the re-orientation of state planning capacities around the demands of the real estate industry. The first half of the article explains the dimensions of the crisis in the US and the rise of "the real estate state." The second half explores policy alternatives to contemporary urban neoliberalism and the kinds of movements necessary to …


Gentrification In Upper Manhattan? Demographic And Socioeconomic Transformations In Washington Heights/Inwood, 1990 - 2015, Lawrence Cappello Jun 2019

Gentrification In Upper Manhattan? Demographic And Socioeconomic Transformations In Washington Heights/Inwood, 1990 - 2015, Lawrence Cappello

Center for Latin American, Caribbean, and Latino Studies

Introduction: This report examines the impact and extent of gentrification in the Washington Heights/Inwood area – traditionally one of Manhattan’s most quintessential Latino neighborhoods.

Methods: This report uses the American Community Survey PUMS (Public Use Microdata Series) data for all years released by the Census Bureau and reorganized for public use by the Minnesota Population Center, University of Minnesota, IPUMSusa, (https://usa.ipums.org/usa/index.shtml).

Results: The Latino community of Washington Heights/Inwood is not being displaced in any meaningful way. While there has certainly been an increase in the number of wealthy non-Hispanic Whites over the last decade, as of 2015 Latinos maintained the …