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Decline-induced displacement

The case of Detroit

Bibliographic Data

ID11668667
AuthorsEleanor Seymour (0000-0002-1906-3701, Urban Planning and Policy Development, Rutgers University, New Brunswick, NJ, USA, corresponding author), Joshua Akers (0000-0003-3137-8885, Geography and Urban and Regional Studies, University of Michigan-Dearborn, Dearborn, MI, USA)
Year2022
Volume44
Issue4
Pages591-617
Publication date2022-02-22
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueUrban Geography (JOURNAL)
Journal identifiersISSN: 0272-3638 • E-ISSN: 1938-2847
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/02723638.2021.2008716
OpenAlexW4213006129
LanguageEN
Citations received13
References cited68

Research on residential displacement typically takes up the topic when it is an expected or possible outcome of gentrification. Drawing on a case study of Detroit, we find evidence of displacement pressures driven by the collapse of home prices, not their escalation. These pressures stem from the intersection of forces operating at multiple scales, including the financialization of housing, austerity regimes of the local state, and the expansion of predatory real estate investment. Our study examines displacement pressures in Detroit since the subprime lending crisis, which triggered a wave of mortgage foreclosures. We then examine the causes and effects of the subsequent tax foreclosure crisis in Detroit and the implications of increased real estate speculation fueled by growing foreclosure inventories. We argue a focus on these varieties of displacement offers a more complete understanding of the ongoing and highly racialized restructuring of US cities following the financial crisis

Austerity · Displacement (psychology · Economic growth · Economics · Financial crisis · Financialization · Foreclosure · Gentrification · Investment (military · Keynesian economics · Market economy · Political science · Real estate · Recession · Restructuring · Speculation · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urbanization and City Planning · Finance

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Unique citing works13
Citations per year3,25
Citation span2022 - 2026 (5)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 12
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