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- W2146068051 abstract "The “back-to-the-city” phenomenon presented an unpredicted countercurrent in the prevalent tide of suburbanization, and this process of upper-income resettlement in the inner city has been thoroughly analyzed in the urban economic literature. Housing renovation, a process that always accompanies gentrification and constitutes a significant portion of residential housing investment, has been studied much less. Contrary to the expectation that “location matters,” the existing empirical studies have concluded that most neighborhood amenities and structural attributes are insignificant as determinants of renovation. Using a detailed parcel-level data set that documents all residential renovation activity in Chicago between 1995 and 2000, this paper establishes that the characteristics of a building and its neighborhood do indeed influence the likelihood that it will be renovated." @default.
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- W2146068051 date "2003-11-01" @default.
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- W2146068051 title "Understanding gentrification: an empirical analysis of the determinants of urban housing renovation" @default.
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- W2146068051 doi "https://doi.org/10.1016/s0094-1190(03)00081-0" @default.
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