Matthias Bernt, "The Commodification Gap: Gentrification and Public Policy in London, Berlin and St. Petersburg" (Wiley, 2022)
New Books in Economics
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St. Petersburg
The housing costs between these five types of households and the valorization strategies are very different. The strange thing is they can even change over time so it's not untypical that a granny who privatized her apartment that she lived in since this age in the 1940s lives in that apartment most of the year but then moves out to her dacha in summer. What this ends up with is that these houses, these buildings are very hard to gentrify from this standpoint of an investor. That leads to an immense splintering of gentrification over a huge geographical area. So St. Petersburg points you to a situation where both of these issues cannot be taken for granted but need
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