Theory of Rent Gap
- Anthony M. Orum
Publisher: Wiley
ISBN: 9781118568453, 9781118568446
Year of publication: 2019
Pages: 1-6
Type: Book chapter
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Abstract
Formulated for the first time in the late 1970s, the theory of rent gap analyzes gentrification from the perspective of production. In rent gap theory gentrification is a structural result of the operation of land and housing markets and therefore priority is given to the study of the key players and especially the developers. This theory explores the historical evolution of the processes of gentrification and its presence in new geographies, emphasizing the need to take into account the global processes of urbanization and the study of territorial stigmatization and population displacement. Since its appearance an intense and rich academic debate has been fueled with interpretations of gentrification that give a central character to cultural aspects.