ABSTRACT

Displacement of Black communities through gentrification is a major concern among policymakers, community groups, and advocates. This research investigates whether investor purchases of multifamily rental housing predict evictions and the displacement of Black residents from Atlanta, Georgia, between 2000 and 2016. In a series of quantitative analyses, we identify the financialization of rental housing and subsequent eviction-led displacement as key neighborhood-level processes in racial transition and the gentrification of Atlanta. We find that eviction judgments grew by 8% annually in the Atlanta region, and same-site apartment sale prices increased by an average of $5.5 million. Investor purchases of rental housing in a neighborhood predict a spike in eviction judgments in the same year, and presage racial transition. Neighborhoods with investor purchases of apartment buildings lose 166 Black residents and gain 109 White residents over a 6-year period compared with adjacent neighborhoods with no investor purchases.

摘要

通过高档化取代黑人社区是决策者、社区团体和倡导者的主要关注点。本研究调查了投资者购买的多户租赁住房是否会预测 2000 年至 2016 年乔治亚州亚特兰大黑人居民的驱逐和流离失所。在一系列定量分析中，我们确定租赁住房的金融化和随后驱逐导致的流离失所是关键种族过渡和亚特兰大绅士化的邻里级进程。我们发现亚特兰大地区的驱逐判决每年增长 8%，同地公寓销售价格平均上涨 550 万美元。投资者在附近购买出租房屋预示着同年的驱逐判决会激增，并预示着种族过渡。