Because homelessness is visible in cities with high levels of gentrification, the media have linked the two phenomena. But the displacement taking place in most American cities is due more to blight than to gentrification. This article examines both sources of displacement and traces them to the same source: land speculation. In declining cities, land speculation causes parcels to be held vacant in prime locations, leading to disinvestment and an inadequate supply of affordable commercial and residential buildings. In cities with booming economies, land speculation leads to redevelopment of entire neighborhoods where land appreciates in value due to new commercial or residential demand. The solution to gentrification and blight as sources of displacement is to increase land value return and recycling to stabilize urban economies and avoid the boom‐bust cycles that are so detrimental to cities.

中文翻译：

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绅士化与枯萎：与非自愿流离失所的关系

由于高级化程度较高的城市中无家可归者可见，因此媒体将这两种现象联系在一起。但是，在大多数美国城市中发生的流离失所更多是由于疫情而不是高级化所致。本文研究了这两种流离失所的来源，并将它们追溯到同一来源：土地投机。在下降的城市中，土地投机活动导致地段空置土地，导致投资减少，负担得起的商业和住宅建筑供应不足。在经济蓬勃发展的城市，土地投机导致整个社区的重建，在这些社区中，由于新的商业或住宅需求，土地的价值有所上升。