• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Geoforum >Gentrification, suburban decline, and the financialization of multi-family rental housing: The case of Toronto
【24h】

Gentrification, suburban decline, and the financialization of multi-family rental housing: The case of Toronto

机译：绅士化，郊区衰退和多户租赁房屋的金融化：以多伦多为例

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

While traditional forms of gentrification involved the conversion of rental units to owner-occupation, a new rental-tenure form of gentrification has emerged across the globe. This is driven by financialization, reduced tenant protections, and declining social-housing production, and is characterized by the replacement of poorer renters with higher-income tenants. Many poorer renters are in turn being displaced out of the inner city and into older suburban neighbourhoods where aging apartment towers had provided a last bastion of affordable accommodation, but which are now also targeted by large rental housing corporations. These dynamics are increasingly dominated by what we call 'financialized landlords,' including those owned or run by private equity funds, financial asset management corporations, and real estate investment trusts (REITS). Such firms float securities on domestic and international markets and use the proceeds to purchase older rental buildings charging affordable rents, and then apply a range of business strategies to extract value from the buildings, existing tenants and local neighbourhoods, and flow them to investors. This paper documents this process in Toronto, Canada's largest city and a city experiencing both sustained gentrification and advanced suburban restructuring. The financialization of rental housing in Toronto was enabled by neoliberal state policies to withdraw from social housing, deregulate rental protections, and decontrol rents - creating an affordability crisis for tenants and an opportunity for investors to profit. The paper maps out the history and locations of buildings that have been purchased by various financial investment vehicles, and analyzes the various strategies that such firms have adopted. We document two key strategies for extracting value, which we call squeezing, and gentrification-by-upgrading and show how these two strategies are conceptually and spatially linked in speeding up the restructuring of the social geography of the city.
机译：传统的高档化形式包括将出租单位转变为自有住房，而全球范围内出现了一种新的高档化的租期形式。这是由金融化，减少的房客保护和社会住房生产下降驱动的，其特点是用高收入的房客代替了较贫穷的房客。许多较贫穷的租房者又被转移到内城区，搬到郊区的旧社区，那里老化的公寓楼提供了负担得起的住宿的最后堡垒，但现在也成为大型租房公司的目标。这些动态越来越多地被我们称为“金融房东”的人所支配，其中包括那些由私募股权基金，金融资产管理公司和房地产投资信托（REITS）拥有或经营的房东。这些公司在国内和国际市场上流通证券，并使用收益购买价格可承受的租金的较旧的租赁建筑物，然后运用一系列商业策略从建筑物，现有租户和当地居民中获取价值，并将其流向投资者。本文记录了在加拿大最大的城市多伦多以及经历了持续中产阶级化和高级郊区重组的城市中的这一过程。新自由主义国家政策使多伦多的租赁住房实现金融化，使其退出社会住房，放松对租赁保护的管制以及取消对租金的控制，从而给租户造成了负担能力危机，并为投资者带来了获利的机会。该文件列出了各种金融投资工具购买的建筑物的历史和位置，并分析了这些公司采用的各种策略。我们记录了两个主要的价值提取策略，我们将其称为挤压和高档化（通过升级来高档化），并说明这两种策略在概念上和空间上如何联系在一起，以加快城市的社会地理结构的重建。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号