Housing Turnover and Gentrification in New York City: How Family, Neighborhood, and Building Characteristics Affect Change in a Community
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2009
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Haverford College. Department of Economics
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eng
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Haverford users only
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Abstract
The purpose of this study is to determine which family, building and neighborhood characteristics affect housing turnover for different populations in New York City between 2002 and 2005. The information for this research was collected from the 2000 United States Census and the New York City Housing and Vacancy Survey. The main focus is to observe the differences in the probability of turnover for the residents of the city in general and the probability of turnover for the Latino community. Housing turnover is often a sign that gentrification or urban renewal is taking place in an area. The results reveal that Latinos are not more likely to be displaced than the entire sample, despite the multitude of anecdotal evidence that states the contrary. One important finding is that change, either positive or negative, in the neighborhood where a housing unit is located increases the probability of turnover for all groups. Housing turnover is also less likely for more stable households. Although the exact effects of urban renewal are difficult to determine, understanding how neighborhoods change is beneficial for all members of a community.