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- W4313333963 abstract "Many politicians and voters believe that condominium development hastens gentrification. Indeed, there is a strong positive correlation between the presence of condos in a neighborhood and resident socioeconomic status. We leverage the introduction of municipal regulations to study the causal effect of condo conversions on neighborhood attributes. Cities that restricted condo conversions experience a persistent decline in the condo share of the housing stock, relative to their neighboring suburbs and compared to metropolitan areas without such restrictions, even at city/suburb borders. Yet, areas with a higher condo share due to local regulations do not have residents with higher income or education levels." @default.
- W4313333963 created "2023-01-06" @default.
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- W4313333963 date "2023-01-01" @default.
- W4313333963 modified "2023-09-27" @default.
- W4313333963 title "JUE Insight: Condominium development does not lead to gentrification" @default.
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- W4313333963 doi "https://doi.org/10.1016/j.jue.2022.103524" @default.
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