Capital City
Subtitle: gentrification and the real estate state
Series: Jacobin series
Publisher: Verso
Published: 2019
Place of publication: London; Brooklyn, NY
Format: Paperback
Number of pages: 202
ISBN-13: 9781786636393
Copyright date: 2019
Description: "This superbly succinct and incisive book couldn't be more timely or urgent." -Michael Sorkin, author of All Over the Map Our cities are changing. Around the world, more and more money is being invested in buildings and land. Real estate is now a $217 trillion dollar industry, worth thirty-six times the value of all the gold ever mined. It forms sixty percent of global assets, and one of the most powerful people in the world-the president of the United States-made his name as a landlord and developer. Samuel Stein shows that this explosive transformation of urban life and politics has been driven not only by the tastes of wealthy newcomers, but by the state-driven process of urban planning. Planning agencies provide a unique window into the ways the state uses and is used by capital, and the means by which urban renovations are translated into rising real estate values and rising rents. Capital City explains the role of planners in the real estate state, as well as the remarkable power of planning to reclaim urban life.
Table of contents: title: The rise of real estate state; title: Planning gentrification; title: New York's bipartisan consensus; title: The developer president and the private side of planning history; title: unmaking the real estate state.