ATS1309 Lecture Notes - Lecture 4: Conspicuous Consumption, Land Values, Housing Tenure
Document Summary
Tokyo, london: local centralisation and intensification of global city functions within certain neighbourhoods (central and inner cities, population re-urbanisation. The shift to post-industrial economy the information city". Cultural and social values/norms shift (housing tastes, family & household composition) Massive investment in city centre real estate (global trend) Gentrification the class remake" of an urban area that displaces a former poor/working class population and enables a new higher-class population to move in. Linked entirely to land values and the process of investment/disinvestment/reinvestment (e. g. poor gets displaced by higher rents and move further out from city whilst higher class move in and change use of land) A product of twin processes: land market the production of the rent gap, changing tastes" for certain kinds of living urban chic, caf culture, conspicuous consumption. Result substantial change in built environment (physical upgrading, development investment) and huge change to the socio-economic profile of an area.
