Gentrifying Atlanta: Investor Purchases of Rental Housing, Evictions, and the Displacement of Black Residents
Gentrifying Atlanta: Investor Purchases of Rental Housing, Evictions, and the Displacement of Black Residents
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亚特兰大中产阶级化:投资者购买出租屋、驱逐和黑人居民流离失所
DOI:
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发表时间:
2021
影响因子:
2.9
通讯作者:
Jonathan Braun
中科院分区:
文献类型:
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作者:
E. Raymond;B. Miller;M. Mckinney;Jonathan Braun
ABSTRACT Displacement of Black communities through gentrification is a major concern among policymakers, community groups, and advocates. This research investigates whether investor purchases of multifamily rental housing predict evictions and the displacement of Black residents from Atlanta, Georgia, between 2000 and 2016. In a series of quantitative analyses, we identify the financialization of rental housing and subsequent eviction-led displacement as key neighborhood-level processes in racial transition and the gentrification of Atlanta. We find that eviction judgments grew by 8% annually in the Atlanta region, and same-site apartment sale prices increased by an average of $5.5 million. Investor purchases of rental housing in a neighborhood predict a spike in eviction judgments in the same year, and presage racial transition. Neighborhoods with investor purchases of apartment buildings lose 166 Black residents and gain 109 White residents over a 6-year period compared with adjacent neighborhoods with no investor purchases.