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UCLA Housing Voice
Ep 55: Condos Don't Cause Gentrification with Leah Boustan and Robert Margo
Jul 26, 2023
Leah Boustan and Robert Margo discuss their research on condominium conversion restrictions in US cities. They debunk the belief that condos cause gentrification and explore the unintended consequences of condo regulations. They also talk about the impact of rent control policies on condo conversions and compare condo development in the US and Canada.
49:54
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Quick takeaways
- Condos are a response to rising demand for housing, rather than a catalyst for neighborhood change.
- Imposing restrictions on condo conversions did not lead to less gentrification, suggesting that condos are not the driving force behind neighborhood change.
Deep dives
Condos do not cause gentrification
Contrary to popular belief, shiny new condos do not cause gentrification in neighborhoods. Condos are a response to rising demand for housing, rather than a catalyst for neighborhood change. Research shows that there is no strong correlation between the presence of condos and the typical measures of gentrification like income, education, or racial demographics.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode