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“There appeared to be a close link between “good planning” and gentrification, since private property owners could capitalize on the value the state adds to land. By the end of my education, I realized that capitalism makes the best of planning impossible: any good that planners do is filtered through a system that dispossesses those who cannot pay.”
― Capital City: Gentrification and the Real Estate State
― Capital City: Gentrification and the Real Estate State
“This is the real estate state, a government by developers, for developers. It is not monolithic; there are plenty of disputes within it. Builders' desires are not always the same as owners', as reflected in the presence of separate developer and landlord lobbies in New York. Nonprofit developers follow a somewhat different model than for-profit builders. And of course government is still accountable to voters, who are by and large either renters or mortgage holders and continue to organize collectively against real estate's rule. But the parameters for planning are painfully narrow: land is a commodity and also is everything atop it; property rights are sacred and should never be impinged; a healthy real estate market is the measure of a healthy city; growth is good-- in fact, growth is god.”
― Capital City: Gentrification and the Real Estate State
― Capital City: Gentrification and the Real Estate State
“It is a horrible atmosphere for planners interested in social reproduction, let alone social transformation. Planners are allowed to do little that won't raise property values. Often they do so directly and intentionally, by initiating rezonings, targeting tax breaks or gutting protective regulations in order to stimulate development. Just as often, however, increased property values are the result of genuine, socially beneficial land improvements. Public improvements become private investment opportunities as those who own the land reap the benefits of beautiful urban design and improved infrastructure. Those who cannot afford the resulting rising rents (or, in the case of homeowners, rising property assessments) are expelled: priced out, foreclosed, evicted, made homeless, or, in the best case scenario, granted a one-time buyout that will not afford them a new home in the neighborhood, or even the city.”
― Capital City: Gentrification and the Real Estate State
― Capital City: Gentrification and the Real Estate State
