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
Jonathan Braun
中科院分区:
经济学3区
文献类型:
--
作者:
E. Raymond;B. Miller;M. Mckinney;Jonathan Braun

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黑人社区因中产阶级化而流离失所是政策制定者、社区团体和倡导者的一个主要关注点。这项研究调查了投资者购买多户租赁住房是否预测了2000年至2016年期间格鲁吉亚亚特兰大黑人居民的驱逐和流离失所。在一系列的定量分析中,我们确定租赁住房的金融化和随后的驱逐导致的流离失所的关键邻里层面的过程中的种族过渡和亚特兰大的中产阶级化。我们发现,亚特兰大地区的驱逐判决每年增长8%,同一地点的公寓销售价格平均上涨550万美元。投资者在一个社区购买租赁住房,预示着同年驱逐判决的激增,并预示着种族转变。与没有投资者购买公寓的邻近社区相比,在6年的时间里,投资者购买公寓的社区失去了166名黑人居民,增加了109名白色居民。
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.