By Jordan Greer Gentrification has been contentious since British sociologist Ruth Rich coined the word in the 1960s. Rich used the term to describe the process of wealthy citizens, landlords, and developers moving into British working class neighborhoods and renovating the area. This process of redevelopment, she argued, drove up the costs of housing and … Continue reading Gentrification in Frenchtown: A Nuanced Perspective
Challenges to Privatizing Flood Insurance
Gina Reyes The National Flood Insurance Program (NFIP), implemented in 1968 to address a market failure in the flood insurance sector, has been the subject of scrutiny following hurricanes Harvey and Irma. Increasing the scope of the private sector has often been cited as a potential solution to the NFIP’s pitfalls. However, there are challenges … Continue reading Challenges to Privatizing Flood Insurance
New Study Examines Spillover Effects of Real Estate Owned Properties
Since the housing market collapse, banks have repossessed large numbers of homes. These REO or real estate owned properties are often vacant and rundown and can lower the values of nearby residences. While research confirms this spillover effect of REOs on other properties, few studies have evaluated its relative magnitude in different neighborhoods. DeVoe Moore … Continue reading New Study Examines Spillover Effects of Real Estate Owned Properties